National Bank, Goldsboro, NC (Charter 5048)
National Bank, Goldsboro, NC (Chartered 1896 - Receivership 1930)
Town History
Goldsboro, originally Goldsborough, is a city and the county seat of Wayne County, North Carolina. The population was 36,437 at the 2010 Census. It is the principal city of and is included in the Goldsboro, North Carolina Metropolitan Statistical Area. The nearby town of Waynesboro was founded in 1787, and Goldsboro was incorporated in 1847. The city is situated in North Carolina's Coastal Plain and is bordered on the south by the Neuse River and the west by the Little River, approximately 40 miles southwest of Greenville, 50 miles southeast of Raleigh, the state capital, and 75 miles north of Wilmington in Southeastern North Carolina. Seymour Johnson Air Force Base is located in Goldsboro.
In 1961, two 3.8 megaton hydrogen bombs were dropped accidentally on the village of Faro, 12 miles north of Goldsboro, after a B-52 aircraft broke up in mid air. The two Mark 39 weapons were released after the crew abandoned a B-52 bomber which had suffered mid-flight structural failure. Both bombs went through several steps in the arming sequence, but neither detonated. One bomb was recovered. Although much of the second bomb was also recovered, a missing piece containing uranium was believed to have sunk deep into the swampy earth and could not be recovered. The piece remains in land that the Air Force eventually purchased in order to prevent any land use or digging.
Goldsboro had two National Banks chartered during the Bank Note Era, The Wayne National Bank (Charter 10614) and the National Bank of Goldsboro (Charter 5048). Both banks issued National Bank Notes.
Bank History
- Organized April 28, 1896
- Chartered July 3, 1896
- Receivership December 30, 1930
On April 16, 1896, it was reported that the Comptroller of the Currency approved the application for The National Bank of Goldsboro, capital, $50,000, by the following persons: William R. Allen, Nathan O'Berry, Wm. T. Yelverton, D. Robert Kornegay, Broadus H. Griffin, William T. Dortch, Marcellus J. Best, Geo. C. Royall, A. Roscower, and Ernest B. Dewey. The new bank purchased the desirable and valuable corner on John and Walnut streets from Lyndon M. Humphrey, on which they would at once begin the erection of their banking house.
On Thursday, April 30, 1896, The new bank completed its organization and was now one of Goldsboro's established institutions. The stockholders met at the Mayor's office at 1 o'clock. The meeting was presided over by Mr. W.T. Dortch and Mr. M.J. Best acted as secretary. After reading the plan of organization and the articles of incorporation, the stockholders elected the following board of directors: Messrs. Geo. C. Royall, K.E. Bizzell, M.J. Best, Thos. Edmundson, George A. Norwood, Jr., and Dr. J.F. Miller, all of Goldsboro; E.J. Holt of Smithfield; J.W. Norwood of Wilmington; and H.E. Newberry of Magnolia. The board of directors elected Mr. George A. Norwood, Jr., president; Mr. M.J. Best, vice president, and Mr. Leslie C. Southerland, cashier.
In March 1899, the officers were G.A. Norwood, Jr., president; M.J. Best, vice president; and J.M. Hollowell, cashier. The directors were G.C. Royall, M.J. Best, G.A. Norwood, Jr., W.R. Allen, K.E. Bizzell, H.T. Ham, J.W. Norwood, H.E. Newbury, and J.F. Miller.
On April 6, 1923, surprise was created in political circles by the announcement of George C. Kornegay as a candidate for Mayor with the election only one week off. He would oppose Mayor Edgar H. Bain who had been mayor since his return from the army where, as an Infantry Captain, he was awarded the Distinguished Service Cross for extraordinary heroism in action while serving with 119th Infantry Regiment, 30th Division, near Busigny, France, 9 October 1918. A week earlier, Mr. Kornegay told his friends who had insisted on his running that be could not consider entering the race owing to the demands of his business. He was one of the best known men in politics and in business in Eastern Carolina. He was chairman of the Board of Trustees of the People's Bank had been chairman of the board of school trustees for the past two years and a member of that board for the past 11 years, having succeeded the late Governor Charles B. Aycock. For more than 10 years he was chairman of the Wayne County Democratic Committee. He came to Goldsboro from his native town of Dudley in 1894 as register of deeds. He was cashier of the National Bank of Goldsboro for 15 years and then was president of the People's Bank for five years. His late bid for mayor would be unsuccessful.
On November 8, 1925, the Goldsboro Clearing House Association was formed. The charter members were the Wayne National Bank, the National Bank of Goldsboro and the Peoples Bank and Trust Company.
Official Bank Title(s)
1: The National Bank of Goldsboro, NC
Bank Note Types Issued
A total of $1,469,900 in National Bank Notes was issued by this bank between 1896 and 1930. This consisted of a total of 123,222 notes (115,170 large size and 8,052 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 - 4350 1882 Brown Back 50-100 1 - 737 1882 Date Back 4x5 1 - 5495 1882 Date Back 50-100 1 - 400 1882 Date Back 3x50-100 1 - 436 1902 Plain Back 3x10-20 1 - 17943 1929 Type 1 6x10 1 - 1079 1929 Type 1 6x20 1 - 263
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1896 - 1930):
Presidents:
Cashiers:
- Leslie Clayton Southerland, 1896-1897
- James Monroe Hollowell, 1898-1902
- George Collier Kornegay, 1903-1917
- Thomas Hart Norwood, 1918-1929
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- North Carolina Bank Note History
- General information on Goldsboro (Wikipedia)
- General information on Wayne County (Wikipedia)
- General information on North Carolina (Wikipedia)
Sources
- Goldsboro, NC, on Wikipedia
- 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
- Goldsboro Weekly Argus, Goldsboro, NC, Thu., Apr. 16, 1896.
- The Wilmington Messenger, Wilmington, NC, Thu., Apr. 30, 1896.
- The Goldsboro Headlight, Goldsboro, NC, Thu., Mar. 2, 1899.
- The News and Observer, Raleigh, NC, Fri., Apr. 6, 1923.
- The News and Observer, Raleigh, NC, Mon. Nov. 9, 1925.