Peoples National Bank, Clintonville, PA (Charter 9154)

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Needed: a contemporary postcard or photo of the bank.
Needed: a contemporary postcard or photo of the bank.

Peoples National Bank, Clintonville, PA (Chartered 1908 - Open past 1935)

Town History

Clintonville is a borough in Venango County, Pennsylvania. It is located just north of I-80 on PA Route 308 about 10 miles west of Emlenton and 64 miles north of Pittsburgh. The population was 437 at the 2020 census. In 1910 the population was 335, growing to 354 by 1930.

Clintonville had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.

Bank History

  • Organized May 25, 1908
  • Chartered June 1, 1908
  • Opened for business June 25, 1908
  • Bank was Open past 1935

On June 1, 1908, the certificate was issued authorizing Clintonville's new bank, The Peoples National Bank, to commence business with capital of $25,000. The organizers were connected with the First National Bank of Emlenton and planned to open for business by July 1st.

On Saturday, October 8, 1927, George A. Rumsey, a prominent oil producer and president of the Peoples National Bank died. He came to Clintonville in 1876 about the time of the Bullion oil excitement and resided there ever since. He was the executive head of the Peoples National since its organization in 1908.

On Wednesday, January 22, 1936, the stockholders elected directors as follows: H.B. Mitchell, Harry Heasley, H.R. Gilmore, E.L. Martin, and C.C. Hoffman. The board organized and elected the following officers: H.B. Mitchell, president; C.C. Hoffman, vice president and cashier; and E.L. Martin assistant cashier.

James A. Forbes was born in Lisbon, Ohio on June 12, 1873. Mr. Forbes attended Ohio State university in Columbus. From 1916-1930 he served as cashier and vice president of the Peoples National Bank of Clintonville. From 1930-1936 he became institutional manager at Polk State School and served as a trust officer and vice president of the First National Bank of Grove City. He passed away in Akron, Ohio, on July 15, 1943.

On Monday, October 15, 1956, The Peoples National Bank of Clintonville and Oil City National Bank, Oil City merged. The members of the Clintonville Board of Directors became the advisory board for the Clintonville Office. The advisory board members were G.A. Breene, C.C. Hoffman, E.L. Martin, Merle P. Phipps, and H. Carl Wasson. The officers and employees were E.L. Martin, vice president and manager; C.C. Hoffman and Clair E. Gladd, assistant managers; Miss Edith E. Donaldson, teller, and Mrs. Gloria W. Burk and Miss Dorothy A. Custer. The Oil City National Bank had in addition to its main office the Knox Office in Knox, South Side Office in Oil City, and the Clintonville Office.

Official Bank Title(s)

1: The Peoples National Bank of Clintonville, PA

Bank Note Types Issued

1902 Date Back $20 bank note with pen signatures of James A. Lawson, Cashier and G.A. Rumsey, President.
1902 Date Back $20 bank note with pen signatures of James A. Lawson, Cashier and G.A. Rumsey, President. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $10 bank note with pen signatures of C.C. Hoffman, Assistant Cashier and J.S. Forbes, Vice President.
1902 Plain Back $10 bank note with pen signatures of C.C. Hoffman, Assistant Cashier and J.S. Forbes, Vice President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with printed signatures of J.S. Forbes, Cashier and T.B. Gregory, President.
1929 Type 1 $10 bank note with printed signatures of J.S. Forbes, Cashier and T.B. Gregory, President. Courtesy of Heritage Auctions, www.ha.com

A total of $416,320 in National Bank Notes was issued by this bank between 1908 and 1935. This consisted of a total of 33,575 notes (26,836 large size and 6,739 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Date Back 3x10-20 1 - 2280
1902 Plain Back 3x10-20 2281 - 6709
1929 Type 1 6x10 1 - 738
1929 Type 1 6x20 1 - 182
1929 Type 2 10 1 - 963
1929 Type 2 20 1 - 256

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1908 - 1935):

Presidents:

Cashiers:

Other Bank Note Signers

  • James Steward Forbes signed notes as Vice President
  • Claude C. Hoffman signed notes as Assistant Cashier

Wiki Links

Sources

  • Clintonville, PA, 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 Clarion Democrat, Clarion, PA, Thu., June 4, 1908.
  • Butler Citizen, Butler, PA, Thu., June 11, 1908.
  • The News-Herald, Franklin, PA, Tue., Oct. 18, 1927.
  • The News-Herald, Franklin, PA, Sat., Jan. 25, 1936.
  • The News-Herald, Franklin, PA, Sat., Oct. 13, 1956.
  • The News-Herald, Franklin, PA, Fri., Oct. 17, 1958.
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