National Bank of Virginia, Richmond, VA (Charter 1125)
National Bank of Virginia, Richmond, VA (Chartered 1865 - Liquidated 1912)
Town History
Richmond is located in Richmond County.
Richmond had 11 National Banks chartered during the Bank Note Era, and all 11 of those banks issued National Bank Notes.
Bank History
- Organized April 29, 1865
- Chartered May 9, 1865
- Consolidated with Citizens Exchange Bank November 1899
- Liquidated September 2, 1912
- Consolidated with 1111 (First National Bank, Richmond, VA)
- Circulation assumed by 1111 (First National Bank, Richmond, VA)
On May 9, 1865, The National Bank of Virginia of Richmond, capital $500,000, was authorized to commence business. The directors were Reuben Ragland, John B. Morton, John M. Lamb, George W. Gilliam, David Currie, S.T. Suit, Chas. Gallagher, Robt. W. Hughes, and Geo. T. May. The bank was in the United States Custom House with entrance on Bank Street.
On January 11, 1870, stockholders elected the following directors: A.F. Harvey, C.T. Wortham, T.W. McCance, O.H. Chalkley, J.B. Wilson, T.C. Williams, James W. Allison, E.O. Nolting, James M. Talbott, W.K. Watts, Wm. H. Palmer, George Lee, and Peyton Wise. The officers were A.F. Harvey, president; J.B. Morton, cashier; J.W. Lockwood, teller; John A. Collins, general bookkeeper, F.M. Wise, individual bookkeeper from A to J; William Ott, individual bookkeeper from K to Z; O.S. Morton, discount clerk and notary; and J.W. Slade, runner. In December 1870, J. Wells Lockwood, formerly of Alexandria, was appointed cashier of the National Bank of Virginia at Richmond.
In January 1876, the following directors were elected for the ensuing year: E.O. Nolting, T.W. McCance, W.H. Palmer, H.K. Ellyson, John F. Allen, J.W. Allison, L.B. Tatum, T. William Pemberton, James T. Gray, W.K. Watts, Claiborne Watkins, E.A. Saunders, and T.C. Williams. The board met and unanimously re-elected Mr. Nolting president.
J.T. Keesee, bookkeeper of the National Bank of Virginia, defaulted for about $23,000, nearly all of which was made good by his friends and sureties. Keesee, who had charge of the individual accounts, had hidden his crime by false entries which he had carried on for several years. He was reported to have left for parts unknow.
In July 1899, the directors were James N. Boyd, Robert S. Bosher, George L. Christian, S.H. Hawes, Fred. R. Nolting, H. Theodore Ellyson, Frank D. Williams, George R. Cannon, Benjamin P. Alsop, and T. Archibald Cary. The officers were George L. Christian, president; Frederick E. Nolting, vice president; J.W. Lockwood, cashier; and O.S. Morton, assistant cashier. The bank, located at the NW corner of Main and Eleventh Streets, had capital of $300,000 and surplus of $50,000.
The Citizens' Exchange was organized on January 14, 1898, and located on Ninth and Main Streets. In July 1899, the bank had capital of $200,000 and surplus and undivided profits of $11,000.29. W.M. Habliston was president and T.K. Sands, cashier. The Directors were John Addison, Frank A. Davenport, R. Lancaster Williams, J.H. Capers, T.L. Alfriend R.G. Rennolds, J.W. Rothert T.H. Ellett, W. Otto Nolting, B. Rand. Wellford, H.M. Vaughan, and W.M. Habliston.
On September 6, 1899, stockholders of the National Bank of Virginia met and approved the consolidation with the Citizens' Exchange Bank of Richmond. They also ordered that the capital stock be increased from $300,000 to $500,000. The following were elected as directors: Judge George L. Christian, F.E. Nolting, F.D. Williams, T.A. Cary, James N. Boyd, S.H. Hawes, H.T. Ellyson, B.P. Alsop, George R. Cannon, Robert S. Bosher, B. Rand Wellford, John Addison, J.H. Capers, R. Lancaster Williams, R.G. Rennolds, T.H. Ellett, J.W. Rothert, H.M. Vaughan, T.L. Alfriend, and W.M. Habliston.
In January 1912, the stockholders elected the following board of directors: E.B. Addison, E.L. Bemies, T.H. Ellett, H. Theodore Ellyson, George L. Christian, T.A. Cary, Carl H. Nolting, William T. Reed, J.W. Rothers, Wm. Northrop, T.C. Williams, Jr., E.C. Laird, R.H. Lindsay, W.P. Glinn, Eppa Hunton, Jr., R.G. Rennolds, W.H. Habliston, B.P. Alsop, B.R. Wellford, S.W. Travers, James G. Tinsley, John T. Wilson, James A. Moncure, John Skelton Williams, and F.D. Williams. The directors elected W.M. Habliston, president; John Skelton Williams, vice president; W.M. Addison, cashier; O.S. Morton, W.H. Slaughter, John Tyler, and J.M. Ball, Jr., assistant cashiers.
On July 29, 1912, directors of the First National Bank and the National Bank of Virginia met at noon and unanimously recommended to their respective stockholders that the two institutions be consolidated. A call for stockholders meetings to be held on August 29th was made. By the terms of the consolidation, the National Bank of Virginia would go into voluntary liquidation and and the merged institution would be known as the First National Bank, the capital stock of which was to be increased from $1,000,000 to $2,000,000. The stockholders of the National Bank of Virginia would have the privilege of subscribing for 3 shares of the consolidated bank stock for each 4 shares of their current stock, paying $150 per share for the consolidated bank stock. The directors of the new institution agreed to endorse the following officers: W.M. Habliston, chairman of the board; Colonel John B. Purcell, president; John M. Miller, Jr., vice president; W. Meade Addison, cashier. After consolidation, the First National Bank would be the largest institution of the kind between Philadelphia and New Orleans. The capital as stated would be $2,000,000, surplus $1,000,000 and deposits of between $12 and $14 million. It was expected that the First National would be somewhat delayed in getting into its new building at the corner of Ninth and Main Streets. Original plans did not make provision for the increased force and business that would come with the merger. It was expected the quarters would be ready by November 1st.
Official Bank Title(s)
1: The National Bank of Virginia of Richmond, VA
Bank Note Types Issued
A total of $5,081,580 in National Bank Notes was issued by this bank between 1865 and 1912. This consisted of a total of 623,350 notes (623,350 large size and No small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments Original Series 4x5 1 - 19000 Series 1875 4x5 1 - 12000 Series 1875 50-100 1 - 680 1882 Brown Back 4x5 1 - 18455 1882 Brown Back 3x10-20 1 - 16034 1882 Brown Back 50-100 1 - 1575 1902 Red Seal 4x5 1 - 15863 1902 Red Seal 3x10-20 1 - 12288 1902 Date Back 4x5 1 - 34421 1902 Date Back 3x10-20 1 - 26649
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1912):
Presidents:
- Samuel Taylor Suit, 1865-1867
- Abner Ford Harvey, 1868-1871
- Emil Otto Nolting, 1872-1893
- George Llewellyn Christian, 1894-1901
- William Merritt Habliston, 1902-1911
Cashiers:
- John Brightwell Morton, 1865-1870
- Joshua Wells Lockwood, (Sr.), 1871-1899 Note: a featured biography is available
- Tucker Kingsford Sands, 1900-1903
- William Meade Addison, 1904-1911
Other Bank Note Signers
- William Habliston signed notes as vice president
- There are currently no known Assistant Cashier bank note signers for this bank.
Wiki Links
- Virginia Bank Note History
- General information on Richmond (Wikipedia)
- General information on Richmond County (Wikipedia)
- General information on Virginia (Wikipedia)
Sources
- Richmond, VA, 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
- The Bankers' Magazine, Vol. 85, July 1912-Dec. 1912, pp 194-200.
- Richmond Times-Dispatch, Richmond, VA, Mon., May 15, 1865.
- Alexandria Gazette, Alexandria, VA, Sat., Dec. 24, 1870.
- Richmond Dispatch, Richmond, VA, Wed., Jan. 12, 1870.
- Richmond Dispatch, Richmond, VA, Wed., Jan. 12, 1876.
- Alexandria Gazette, Alexandria, VA, Mon., Mar. 7, 1881.
- Richmond Dispatch, Richmond, VA, Tue., July 11, 1899.
- Richmond Dispatch, Richmond, VA, Tue., July 25, 1899.
- The Virginian-Pilot, Norfolk, VA, Wed., Sep. 6, 1899.
- Richmond Dispatch, Richmond, VA, Wed., Jan. 10, 1912.
- Richmond Times-Dispatch, Richmond, VA, Tue., July 30, 1912.