Peoples National Bank, New Lexington, OH (Charter 13596)
Peoples National Bank, New Lexington, OH (Chartered 1932 - Open past 1935)
Town History
New Lexington is a village in and the county seat of Perry County, Ohio, 21 miles southwest of Zanesville and 45 miles miles southeast of Columbus.
New Lexington was laid out in 1817. The village was named after Lexington, Massachusetts. A post office called New Lexington has been in operation since 1829. The Perry County Courthouse that stands at the corner of Main Street and West Brown Street was erected in 1887 and was dedicated one year later.
In 1900, 1,701 people lived in New Lexington, Ohio; in 1910, 2,559 lived here. The population was 4,731 at the 2010 census.
New Lexington had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized February 1, 1932
- Chartered February 11, 1932
- Succeeded 6505 (Citizens National Bank, New Lexington, OH)
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Changed title to Peoples State Bank on January 1, 2019 and still in business (January 2022)
Reorganization of the Citizens National bank of New Lexington which closed its doors on November 9, 1931, was announced on February 4, 1932. Messrs. Asberry Garlinger, Wm. A. Welker, Wm. E. Switzer, George A. Sheeran, H.A. Lowe, and T.J. Selby were selected by stockholders as their representatives in the reorganization. They met at the federal building in Columbus with Wm. Taylor, Cleveland, chief national bank examiner for the district, and C.A. Jones, receiver of the Citizens National bank to take care of details. The board of directors formally elected for the ensuing year were Asberry Garlinger, Wm. A. Welker, Wm. E. Switzer, George A. Sheeran, H.A. Lowe, T.J. Selby and Paul Tague.
On February 16, the comptroller of the currency announced that a charter had been issued to the Peoples National Bank of New Lexington, Ohio, with capital stock of $75,000. A. Garlinger was President; William A. Welker, vice president; B.G. Davis, cashier; and George A. Sheeran, assistant cashier of the new institution.
Mr. Garlinger had a quarter of a century of banking experience and was the founder and one of the original promoters of the Citizens National bank until he retired in 1927. Mr. Davis was associated with Bullock & Davis, the Daily Ohio Co., the Davis Oil Co. and several other oil and gas companies since 1918. He was well known throughout the community and was connected with the Citizens bank of Beverly, Ohio for over eight years.
Official Bank Title(s)
1: The Peoples National Bank of New Lexington, OH
Bank Note Types Issued
A total of $150,090 in National Bank Notes was issued by this bank between 1932 and 1935. This consisted of a total of 18,974 notes (No large size and 18,974 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1929 Type 1 6x5 1 - 1230 1929 Type 1 6x10 1 - 624 1929 Type 1 6x20 1 - 210 1929 Type 2 5 1 - 4060 1929 Type 2 10 1 - 2035 1929 Type 2 20 1 - 495
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1932 - 1936):
Presidents:
Cashiers:
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Ohio Bank Note History
- General information on New Lexington (Wikipedia)
- General information on Perry County (Wikipedia)
- General information on Ohio (Wikipedia)
Sources
- New Lexington, OH, 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 Times Recorder, Zanesville, OH, Tue., Nov. 10, 1931.
- The Times Recorder, Zanesville, OH, Fri., Feb. 5, 1932.
- The Cincinnati Enquirer, Cincinnati, OH, Wed., Feb. 17, 1932.
- The Times Recorder, Zanesville, OH, Mon., Sep. 29, 1952.