National Bank, Claysville, PA (Charter 4255)

The old National Bank of Claysville, Pennsylvania, ca2022. Courtesy of Google Maps

National Bank, Claysville, PA (Chartered 1890 - Open past 1935)

Town History

NEEDED: a contemporary photo of the bank or postcard.

Claysville is a borough in Washington County, Pennsylvania and part of the Pittsburgh metropolitan area since 1950. The population was 728 at the 2020 census. It is the birthplace of Benjamin Franklin Jones of the Jones and Laughlin Steel Company.

Claysville had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.

Bank History

Organized March 4, 1890
Chartered March 12, 1890
Bank was Open past 1935

On March 8, 1890, the stockholders of the proposed National Bank of Claysville met at the office of D.M. Campsey and elected the following gentlemen directors of that institution: T.F. Birch, J.R. McLain, D.M. Campsey, Wm. Wilson, L.M. Crothers, B. Horkheimer, J.N. Montgomery, G.S. Inglis, and John Sawhill. At a meeting of the directors in the evening, Hon. J.R. McLain was elected president, D.M. Campsey, vice president and W.C. King, the B&O agent at Washington, as cashier. The board adjourned without electing an assistant cashier, but John A. McLain was thought likely to be elected at the next meeting.

In June 1892, the report of the National Bank of Claysville showed it to have resources of $191,720.76, and $833.34 in undivided profits. The Claysville First National Bank had resources of $151,110.13 and $9,164.21 in undivided profits. Claysville was only a small country village, but it was able to support two national banks. The capital stock of each was $50,000.

In November 1946, President Albert J. Allison announced the Citizens National Bank of Washington purchased the National Bank of Claysville and would operate it as a branch under the name "The Citizens National Bank of Washington, Claysville Branch." The transaction was completed as of the close of business, Saturday, November 23, 1946, whereupon the deposits of National Bank of Claysville of approximately $2,340,000 were transferred to the Washington bank.

Official Bank Title(s)

1: The National Bank of Claysville, PA

Bank Note Types Issued

1882 Brown Back $5 bank note with pen signatures of W.J.E. McLain, Cashier and J.R. McLain, President. Courtesy of Lyn Knight, www.lynknight.com

1929 Type 2 $5 bank note with printed signatures of C.L. McDonough, Cashier and George B. Lysle, President. Courtesy of Heritage Auctions, www.ha.com

A total of $937,090 in National Bank Notes was issued by this bank between 1890 and 1935. This consisted of a total of 116,380 notes (94,012 large size and 22,368 small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
1882 Brown Back	4x5	1 - 1085
1882 Brown Back	3x10-20	1 - 1379
1902 Date Back	4x5	1 - 3050
1902 Date Back	3x10-20	1 - 2380
1902 Plain Back	4x5	3051 - 12640
1902 Plain Back	3x10-20	2381 - 8399
1929 Type 1	6x5	1 - 2016
1929 Type 1	6x10	1 - 938
1929 Type 1	6x20	1 - 264
1929 Type 2	5	1 - 1684
1929 Type 2	10	1 - 1069
1929 Type 2	20	1 - 307

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1890 - 1936):

Presidents:

Cashiers:

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Claysville, PA, Wikipedia, https://en.wikipedia.org/wiki/Claysville,_Pennsylvania
Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
The Pittsburgh Press, Pittsburgh, PA, Mar. 8, 1890.
Pittsburgh Daily Post, Pittsburgh, PA, Wed., Aug. 3, 1892.
The Daily Republican, Monongahela, PA, Nov. 26, 1946.