Pennsylvania Obsolete to National Bank Conversions
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Pennsylvania had numerous Obsolete Banks that converted to National Banks between 1864 and 1865, including a branch of a Camden, New Jersey bank. Philadelphia was home to the First and Second Bank of the United States. Banking in Pennsylvania expanded after the Commonwealth’s Omnibus Banking Act of 1814 divided the state into twenty-seven banking districts and approved charters for forty-one banks.
Camden, New Jersey
- The State Bank at Camden (Haxby NJ-65) (1812-1865) -> The National State Bank of Camden, NJ (Charter 1209) (1865-1985). The State Bank at Camden operated a branch in Philadelphia and provides an interesting lesson in branch banking throughout the national bank note era. The branch of this New Jersey bank was the seventh oldest bank in Philadelphia at one time. Two Philadelphia branches were operated starting in the 1920s.
Brownsville (Fayette County)
- The Monongahela Bank of Brownsville (Haxby PA-40) (1812-1864); -> Monongahela National Bank, Brownsville, PA (Charter 648) (1864-1931)
Columbia (Lancaster County)
- Columbia Bank (Haxby PA-840) (1854-1864); -> Columbia National Bank, Columbia, PA (Charter 641) (1864-1917). The Columbia Bank had under various names been in existence almost 108 years. The first Columbia–Wrightsville Bridge was begun in 1812 and completed December 5, 1814, at a total cost of $231,771, which was underwritten by the newly formed Columbia Bank and Bridge Company.
Danville (Columbia County and in 1850, Montour County)
The Bank of Danville, (Haxby PA-95) (1849-1865); -> Danville National Bank, Danville, PA (Charter 1078) (1865-1968)
Germantown (Philadelphia County)
- Bank of Germantown (Haxby PA-150) (1814-1864); -> The National Bank of Germantown, Philadelphia, PA (Charter 546) (1864-1953)
Gettysburg (Adams County)
- The Bank of Gettysburg (Haxby PA-155) (1814-1864); -> Gettysburg National Bank, Gettysburg, PA (Charter 611) (1864-1992)
Harrisburg (Dauphin County)
- The Harrisburg Bank (Haxby PA-170) (1814-1864); -> Harrisburg National Bank, Harrisburg, PA (Charter 580) (1864-1922)
Lancaster (Lancaster County)
- The Farmers Bank of Lancaster (Haxby PA-205) (1810-1864); -> Farmers National Bank, Lancaster, PA (Charter 597) (1864-1904)
- Lancaster County Bank (Haxby PA-215) (1841-1865); -> Lancaster County NB, Lancaster, PA (Charter 683) (1865-1970)
Lebanon (Lebanon County)
- The Lebanon Bank (Haxby PA-231) (1837-1864); -> Lebanon National Bank, Lebanon, PA (Charter 680) (1864-1998)
Lewisburg (Union County)
- The Lewisburg Bank (Haxby PA-240) (1857-1865); -> Lewisburg National Bank, Lewisburg, PA (Charter 745) (1865-1980)
Lewistown (Mifflin County)
- The Mifflin County Bank (Haxby PA-255) (1861-1865); -> Mifflin County NB, Lewistown, PA (Charter 1579) (1865-1946)
New Castle (Lawrence County)
- The Bank of Lawrence County (Haxby PA-345) (1857-1865); -> NB of Lawrence County/NB of Lawrence County at Newcastle, New Castle, PA (Charter 1156) (1865-1926)
- The Bank of New Castle (Haxby PA-350) (1855-1857); -> The Bank of Lawrence County succeeded the Bank of New Castle
Norristown (Montgomery County)
- The Bank of Montgomery County (Haxby PA-365) (1861-1865); -> Montgomery National Bank, Norristown, PA (Charter 1148) (1865-1954)
Northern Liberties (Philadelphia County)
- The Bank of the Northern Liberties (Haxby PA-470) (1814-1864); -> National Bank of the Northern Liberties, Philadelphia, PA (Charter 541) (1864-1916)
Philadelphia (Philadelphia County)
- Bank of North America (Haxby PA-465) (1781-1864); -> Bank of North America, Philadelphia, PA (Charter 602) (1864-1923)
- Philadelphia Bank (Haxby PA-485) (1803-1864); -> Philadelphia National Bank, Philadelphia, PA (Charter 539) (1864-1990)
- Farmers and Mechanics Bank (Haxby PA-430) (1807-1864); -> Farmers and Mechanics NB, Philadelphia, PA (Charter 538) (1864-1918)
- Girard Bank (Haxby PA-435) (1811-1864); -> Girard National Bank, Philadelphia, PA (Charter 592) (1864-1926)
- The Commercial Bank of Pennsylvania (Haxby PA-410) (1814-1864); -> Commercial NB of Pennsylvania, Philadelphia, PA (Charter 556) (1864-1898)
- The Mechanics Bank of the city and county of Philadelphia (Haxby PA-455) (1814-1865); -> Mechanics National Bank, Philadelphia, PA (Charter 610) (1865-1903)
- Southwark Bank (Haxby PA-495) (1825-1864); -> Southwark National Bank, Philadelphia, PA (Charter 560) (1864-1929)
- Kensington Bank (Haxby PA-440) (1826-1864); -> Kensington National Bank, Philadelphia, PA (Charter 544) (1864-1947)
- Bank of Penn Township (Haxby PA-475) (1828-1864); -> Penn National Bank, Philadelphia, PA (Charter 540) (1864-1930)
- Union Bank (Haxby PA-505) (1858-1864); -> Union National Bank, Philadelphia, PA (Charter 563) (1864-1927)
- Western Bank (Haxby PA-510) (1832-1864); -> Western National Bank, Philadelphia, PA (Charter 656) (1864-1912)
- City Bank of Philadelphia (Haxby PA-400) (1855-1865); -> City National Bank, Philadelphia, PA (Charter 543) (1865-1900)
- Corn Exchange Bank (Haxby PA-425) (1857-1864); -> Corn Exchange National Bank, Philadelphia, PA (Charter 542) (1864-1951)
Pittsburgh (Allegheny County)
- Bank of Pittsburgh (Haxby PA-550) (1810-1899); -> Bank of Pittsburgh NA, Pittsburgh, PA (Charter 5225) (1899-1931)
- Merchants & Manufacturers Bank of Pittsburgh (Haxby PA-545) (1833-1864); -> Merchants and Manufacturers NB, Pittsburgh, PA (Charter 613) (1864-1904)
- Exchange Bank of Pittsburgh (Haxby PA-525) (1836-1865); -> Exchange National Bank, (Charter 1057) (1865-1931)
- Iron City Bank of Pittsburgh (Haxby PA-535) (1857-1864); -> Iron City National Bank, Pittsburgh, PA (Charter 675) (1864-1904)
Pottsville (Schuylkill County)
Miners Bank of Pottsville x(Haxby PA-575) (1828-1864); -> Miners National Bank, Pottsville, PA (Charter 649) (1864-1999)
Reading (Berks County)
- Farmers Bank of Reading (Haxby PA-595) (1814-1865); -> Farmers National Bank, Reading, PA (Charter 696) (1865-1934)
Sunbury (Northumberland County)
- The Northumberland Bank (Haxby PA-375) (1831-1865); -> The First National Bank of Sunbury, (Charter 1237) (1865-2005)
Uniontown (Fayette County)
- The Fayette County Bank (Haxby PA-655) (1858-1864); -> National Bank of Fayette County, Uniontown, PA (Charter 681) (1864-1931)
Waynesburg (Greene County)
- The Farmers and Drovers Bank, Waynesburg (Haxby PA-695) (1830s?-1865); -> Farmers and Drovers NB, Waynesburg, PA (Charter 839) (1865-1906)
West Chester (Chester County)
- Bank of Chester County at West Chester (Haxby PA-700) (1814-1865); -> National Bank of Chester County, West Chester, PA (Charter 552) (1865-1970)
Wilkes-Barre (Luzerne County)
- The Wyoming Bank at Wilkesbarre (Haxby PA-715) (1829-1865); -> The Wyoming National Bank of Wilkes Barre, PA (Charter 732) (1865-1985)
York (York County)
- York Bank (Haxby PA-725) (1810-1864); -> The York National Bank, (Charter 604) (1864-1936+)
Bank Reports to the Auditor General
Name of Bank | Stock | Notes | Specie | Dividends |
---|---|---|---|---|
Chambersburg Bank | 245,875 | 134,662 | 26,450.65 | 5.5% |
Bank of Chester County | 90,000 | 133,310 | 43,224.37 | 8% |
Carlisle Bank | 164,574 | 98,238.50 | 23,429.99 | 7.5% |
Commercial Bank of Pennsylvania | 1,000,000 | 168,406 | 121,783.13 | 5.5% |
Bank of Delaware County | 77,510 | 63,386 | 36,836.20 | 8% |
Easton Bank | 181,140 | 234,667.20 | 31,472.69 | not stated |
Farmers Bank of Bucks County | 60,090 | 60,340 | 6,062.69 | 1,885.80 |
Bank of Germantown | 122,100 | 76,268 | 17,011.16 | 6% |
Gettysburg Bank | 128,698 | 72,805 | 31,659.33 | 3% |
Harrisburg Bank | 158,525 | 267,785.59 | 32,607.46 | 8% |
Lancaster Bank | 134,235 | 101,780 | 21,541.10 | 613.125 |
Mechanics Bank, Philadelphia | 530,320 | 367,004.50 | 149,117.42 | 7% |
Brownsville Bank | 102,123 | 63,381 | 13,071.50 | 5% |
Bank of Montgomery County | 112,455 | 161,395 | 58,062.85 | 6% |
Northampton Bank | 125,000 | 103,236 | 25,200.55 | 6% |
Pittsburgh Bank | 342,480.50 | 171,260 | 17,147.24 | 6% |
Schuylkill Bank | 500,000 | 406,521 | 102,268.87 | 6% |
Westmoreland Bank | 112,063 | 77,514 | 13,011.56 | 6% |
York Bank | 168,720 | 88,900 | 73,596.64 | 7% |
Philadelphia Bank | 1,800,000 | 313,335 | 179,097 | not stated |
Bank of the Northern Liberties | 200,000 | 344,084 | 84,520.95 | 4% |
Farmers and Mechanics Bank | 1,250,000 | 445,950 | 232,400 | not stated |
Columbia Bridge Company | 395,000 | 113,909.29 | 34,136.41 | $4/share |
Southwark Bank | 192,350 | 61,681.16 | 23,077.72 | not stated |
Farmers Bank of Lancaster | 500,000 | 164,158 | 50,643.94 | 4% |
Farmers Bank of Reading | 300,350 | 122,721 | 17,770.18 | not stated |
Total | 8,993,608.50 | 4,416,698.24 | 1,465,201.60 |
Sources
- Bank Act of 1814. Carlisle Weekly Herald, Carlisle, PA, Fri., Apr. 1, 1814.
- Gettysburg Compiler, Gettysburg, PA, Wed., Jan. 18, 1826.