National Bank, Lebanon, NH (Charter 808)

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The old National Bank of Lebanon bank building at 20 W Park Street. Courtesy of Google Maps ca2015

National Bank, Lebanon, NH (Chartered 1865 - Closed (Merger) 1991)

Town History

Lebanon (locally /ˈlɛbənən/) is the only city in Grafton County, New Hampshire. Lebanon is in western New Hampshire, south of Hanover, near the Connecticut River. It is the home to Dartmouth–Hitchcock Medical Center and Dartmouth College's Geisel School of Medicine, together comprising the largest medical facility between Boston, Massachusetts, and Burlington, Vermont. The population of Lebanon was 14,282 at the 2020 census. In 1860 the population was 2,322 growing to 7,073 by 1930.

Lebanon is a core city of the Lebanon–Claremont micropolitan area, comprising four counties in the upper Connecticut River valley, two in New Hampshire and two in Vermont. The western boundary of Lebanon is the Connecticut River, which is also the state boundary with Vermont. The village of West Lebanon occupies the western part of the city, along the Connecticut River. Downtown Lebanon is 3 miles to the east, along the Mascoma River, a tributary of the Connecticut. The city is fully within the Connecticut River watershed. The southern end of Moose Mountain is in the northeast. The highest point in Lebanon is the northern end of Shaker Mountain, at 1,657 feet above sea level, on the eastern border of the city.

Lebanon was chartered as a town by colonial governor Benning Wentworth on July 4, 1761, one of 16 along the Connecticut River. It was named for Lebanon, Connecticut, from where many early settlers had come or would come, including the Rev. Eleazar Wheelock, who arrived in 1770 and founded Dartmouth College. Lebanon, Connecticut, was the original home of Moor's Charity School, the antecedent of Dartmouth College.

Lebanon had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

Bank of Lebanon obsolete $100 proprietary proof, Haxby NH-165. The American Bank Note Co. design features a large vignette of Ceres seated with sheep and two additional vignettes of children. There is also a green C - C protector and green protector panel as well as a small green 100 counter at bottom center. Courtesy of Heritage Auctions, www.ha.com
  • Organized February 1, 1865
  • Chartered February 16, 1865
  • Succeeded Lebanon Bank
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into First NH Bank in Concord, NH, January 1, 1991

In December 1828, in the New Hampshire Legislature on the third reading of a bill incorporating the Bank of Lebanon, Mr. Emerson moved that it be considered on its second reading in order to amend it. The motion did not prevail. On the final passage of the bill, the yeas were 129, nays 76.[1] Three new banks were incorporated at the last session of the New Hampshire Legislature. They were the Bank of Lebanon at Lebanon in Grafton County; the Derry Bank at Derry in Rockingham County; and the Manufacturers' Bank at New Ipswich in Hillsborough County.[2] Books for subscription to the stock of the Bank of Lebanon were opened at Woodbury's Hotel in Lebanon on Monday, April 27th and for the following two days. The commissioners were Timothy Kendrick, Samuel Selden, Alpheus Baker, John Bryant, and James Willis.[3] The Bank of Lebanon went into operation on Monday, October 12, 1829. Dr. Phinehas Parkhurst was president and James H. Kendrick, Esq., cashier.[4]

In February 1836, the cashier was J.H. Kendrick. Stockholders met at 11 a.m. Monday, March 7th, at the Rising Sun Hotel in Lebanon to choose directors.[5]

In July 1848, two counterfeit $2 bills on the Bank of Lebanon, New Hampshire, were passed at stores on Washington Street, Montpelier. They were of the Perkins stereotype plate signed J.H. Kendrick, cashier and R. Kimball, president. The paper is thin and the execution very bad.[6] Robert Kimball represented Lebanon for several terms in the Legislature as well as Plainfield. He was president of the Bank of Lebanon from 1840 to 1866.[7] 

On Monday, August 15, 1870, the Lebanon Savings Bank commenced business.[8] In January 1872, at the annual meeting of the Lebanon Savings Bank, the old board of officers were re-elected. W.S. Ela was president; J.H. Kendrick, A.M. Shaw, vice presidents; E.A. Kendrick, secretary and treasurer. The number of depositors was about 700 and the amount on deposit $170,000.[9]

On Tuesday, January 14, 1873, stockholders elected the old board of directors as follows: William S. Ela, Samuel Wood, 2nd, George S. Kendrick, Robert B. Kimball, Samuel Wood, Edward A. Howe, George Blodgett. W.S. Ela was chosen president.[10]

On September 16, 1875, James H. Kendrick died after a long illness at the age of 75. He had been cashier of the Bank of Lebanon since its incorporation in 1828.[11]

In January 1888, stockholders elected the following officers at their annual meeting: L.C. Pattee, president; C.M. Hildreth, vice president; W.S. Ela, C.M. Hildreth, L.C. Pattee, D.W. Marston, Bradley True, F.B. Kendrick, and F.C. Churchill, directors.[12] William S. Ela, Esq. resigned as President of the Saving Bank and as president of the National Bank of Lebanon. Mr. Ela held these positions since the establishment of the National Bank in 1864 and chartering of the Savings bank in 1868.[13] The officers of the Lebanon Savings Bank were S.A. Peck, president; L.C. Pattee and C.M. Hildreth, vice presidents; C.E. Cooper, treasurer; and Miss G.M. Dudley, assistant treasurer.[14]

In November 1889, Hon. L.C. Pattee purchased a fine residence in Winchester, Massachusetts and moved there. Mr. Pattee was a director of the Concord & Montreal Railroad and for many years had been a leading businessman in northern New Hampshire.[15]

In January 1890, at the annual meeting of the National Bank of Lebanon, the following officers were elected: C.M. Hildreth, president; F.B. Kendrick, vice president; Wm. S. Ela, C.M. Hildreth, L.C. Pattee, Bradley True, F.B. Kendrick, F.C. Churchill, and W.S. Carter, directors.[16]

On July 6, 1899, William S. Ela of Lebanon died. He was born in Lebanon on June 19, 1807, and served three terms in the state legislature. He was the first president of the Lebanon Savings Bank, serving as its president for many years. He was connected with the National Bank of Lebanon for 23 years, part of the time as president. His services of 15 years as selectman covered the years of the Civil War.[17]

In January 1935, the stockholders elected the following directors: Ned E. Wells, Arthur H. Hill, Roy E. Lewis, Dean N. Dwinell, Alfred J. Densmore, Nelson O. Langlois, and Stanley S. Jackson. Harry B. Jackson retired. He had been a director of the bank since 1912 and president since 1921. Ned E. Wells of Enfield was elected president in his place. The other officers elected were Roy E. Lewis, vice president; Clifton C. Waldo, cashier; and Miss Margaret H. Johnston, assistant cashier. The National Bank of Lebanon was among the oldest banks in the United States having been established originally as The Bank of Lebanon in 1829.[18]

A January 1984 National Bank of Lebanon (NBL) advertisement for Individual Retirement Accounts (IRAs). The bank had offices in downtown Lebanon, Hanover, West Lebanon, Enfield, Meriden, and Plainfield.[19]

On Tuesday, January 13, 1953, eight directors were re-elected at the annual stockholders' meeting. They were Ned E. Wells, Roy E. Lewis, Alfred J. Densmore, Stanley S. Jackson, Stuart B. Emerson, Lane Dwinell, and Raymond L. Brown. At the directors' meeting following the stockholders' meeting the following officers were re-elected: Ned E. Wells, president; Roy E. Lewis, vice president; Clifton C. Waldo, cashier; and Harold J. Townsend and William F. Gilman, assistant cashiers. It was announced that Miss Margaret H. Johnston, assistant cashier for many years, had retired on January 1st. The stockholders commended her for her many years of faithful, efficient service.[20]

On February 12, 1981, two men robbed the National Bank of Lebanon in the Upper Valley Plaza of $11,117. The men walked into the bank wearing ski masks, one with a hand in one pocket passed a note to a teller. The two left with the money, driving a tan Oldsmobile station wagon down Route 12A toward Plainfield. They ran a police roadblock in Plainfield, then eluded police for several hours in the woods. Calls from residents tracing the two men's movements and assistance from a helicopter pilot led to their capture. Most of the money was recovered.[21] The men were Stephen Kuney, 25, of Syracuse, New York, and John Murray, 24, of Barre, Vermont.[22]

In January 1985, First NH Banks Inc. of Manchester announced the acquisition of the National Bank of Lebanon (NBL). The New Bank with 10 incorporators filed for a charter with the state banking commissioner as a subsidiary of First NH in a legal move to expedite the merger. Once state and federal regulators approved the acquisition of NBL by First NH, NBL and the New Bank would be legally merged into one bank, probably in April. NBL would then change its name to First NH Bank according to S. Whitney Dickey, President of NBL. First NH's purchase offer was 7.5 shares of First NH stock for each share of NBL, representing a market price of about $156 per share for NBL's 80,000 outstanding shares. First NH was a bank holding company based in Manchester that had $940 million of assets as of September 30th. NBL had $80 million in assets as of the same date. NBL had offices in Enfield, Hanover, Meriden, Plainfield and West Lebanon.[23]

  • 05/31/1985 Changed Institution Name to First NH Bank of Lebanon.
  • 05/31/1985 Reorganized banking operations.
  • 01/01/1991 Merged and became part of First NH Bank (FDIC #6214) in Concord, NH.
  • 09/01/1996 Changed Institution Name to Citizens Bank New Hampshire.
  • 09/01/2007 Merged and became part of RBS Citizens, National Association (FDIC #57957) in Providence, RI.
  • 04/16/2014 Changed Institution Name to Citizens Bank, National Association.

Official Bank Title

1: The National Bank of Lebanon, NH

Bank Note Types Issued

1882 Brown Back $50-$100 proof sheet approved January 24, 1885. Courtesy of the Smithsonian Institution Archives
1902 Date Back $5 bank note with stamped signatures of C.E. Cooper, Cashier and Frederick H. Emerson, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $20 bank note with printed signatures of Clifton C. waldo, Cashier and H.B. Jackson, President. Courtesy of Heritage Auctions, www.ha.com

A total of $2,657,260 in National Bank Notes was issued by this bank between 1865 and 1935. This consisted of a total of 291,126 notes (254,898 large size and 36,228 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
Original Series 3x1-2 1 - 2000
Original Series 4x5 1 - 1000
Original Series 3x10-20 1 - 1500
Original Series 50-100 1 - 600
Series 1875 4x5 1 - 1050
Series 1875 3x10-20 1 - 2068
1882 Brown Back 3x10-20 1 - 6745
1882 Brown Back 50-100 1 - 685
1902 Red Seal 4x5 1 - 3125
1902 Red Seal 3x10-20 1 - 2350
1902 Date Back 4x5 1 - 7950
1902 Date Back 3x10-20 1 - 5920
1902 Plain Back 4x5 7951 - 25610
1902 Plain Back 3x10-20 5921 - 17634
1929 Type 1 6x5 1 - 2254
1929 Type 1 6x10 1 - 1858
1929 Type 1 6x20 1 - 606
1929 Type 2 5 1 - 3838
1929 Type 2 10 1 - 2869
1929 Type 2 20 1 - 1213

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1935):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  • Lebanon, NH, 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
  1. ↑ Farmer's Herald, St. Johnsbury, VT, Tue., Dec. 23, 1828.
  2. ↑ Burlington Weekly Free Press, Burlington, VT, Fri., Jan. 9, 1829.
  3. ↑ Vermont Republican and Journal. Windham, Windsor and Orange County Advertiser, Windsor, VT, Sat., Apr. 11, 1829.
  4. ↑ Vermont Telegraph, Brandon, VT, Tue., Nov 3, 1829.
  5. ↑ The Universalist Watchman, Montpelier, VT, Sat., Feb. 27, 1836.
  6. ↑ The Universalist Watchman, Montpelier, VT, Sat., July 1, 1848.
  7. ↑ Fall River Daily Evening News, Fall river, MA, Tue., Sep. 21, 1875.
  8. ↑ Vermont Chronicle, Bellows Falls, VT, Sat., Aug. 20, 1870.
  9. ↑ Vermont Chronicle, Bellows Falls, VT, Sat., Jan. 20, 1872.
  10. ↑ Vermont Journal, Windsor, VT, Sat., Jan. 25, 1873.
  11. ↑ Boston Evening Transcript, Boston, MA, Thu., Sep. 16, 1875.
  12. ↑ Vermont Journal, Windsor, VT, Sat. Feb. 4, 1888.
  13. ↑ Vermont Journal, Windsor, VT, Sat., Jan. 21, 1888.
  14. ↑ Vermont Journal, Windsor, VT, Sat., Jan. 21, 1888.
  15. ↑ Vermont Journal, Windsor, VT, Sat., Nov. 9, 1889.
  16. ↑ Vermont Journal, Windsor, VT, Sat., Feb. 1, 1890.
  17. ↑ Vermont Journal, Windsor, VT, Sat., July 22, 1899.
  18. ↑ The Landmark, White River Junction, VT, Thu., Jan. 17, 1935.
  19. ↑ Valley News, West Lebanon, NH, Mon., Jan. 23, 1984.
  20. ↑ Valley News, West Lebanon, NH, Wed., Jan. 14, 1953.
  21. ↑ Valley News, West Lebanon, NH, Wed., Sep. 18, 1985.
  22. ↑ Valley News, West Lebanon, NH, Thu., Feb. 12, 1981.
  23. ↑ Valley News, West Lebanon, NH, Sat., Jan. 26, 1985.
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