Port Richmond NB/Staten Island NB & TC, Port Richmond, NY (Charter 6198)

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

Port Richmond National Bank/Staten Island NB & TC, Port Richmond, NY (Chartered 1902 - Open past 1935)

Town History

Port Richmond is a neighborhood situated on the North Shore of Staten Island, a borough of New York City. Port Richmond is bounded by Kill van Kull on the north, Jewett Avenue on the east, Forest Avenue on the south, and the Bayonne Bridge on the west. It is adjacent to West New Brighton to the east, Westerleigh to the south, and Elm Park and Mariners Harbor to the west. In 2020, the population was 20,191.

Formerly an independent village, it is one of the oldest neighborhoods on the island. In the 19th century it was an important transportation and industrial center of the island, but this role has vanished nearly completely, leaving a largely blue collar residential area bypassed by the shift of development of the island to its interior after the 1960s. The formerly bustling commercial center along Richmond Avenue (now Port Richmond Avenue) had been largely abandoned, but many small businesses have opened in the area since the late 20th century.

Port Richmond has had many names through the years. In the late 17th century it was known simply as The Burial Place. Subsequently, the area was alternately known as Bristol, New Bristol, Irvington, Cyrene, and Cityville. These names were proposed, but Port Richmond eventually won out in 1866. The name "Port Richmond" was given to the place by Rev. Dr. James Brownlee of the Dutch Reformed Church.

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

Bank History

In March 1902, Robert D. Kent and Ernest R. Moody, of Passaic were interested in the new national bank which the comptroller of the currency has just authorized to be organized in Port Richmond, Staten Island. Authority to organize the Port Richmond National Bank was granted to William J. Burlee, Thomas F. Quinlan, Azel F. Merrill, George T. Egbert and Robert D. Kent. The four gentlemen first named were representative citizens of Port Richmond and vicinity. R.D. Kent was to be vice president and Mr. Moody cashier. The presidency had not been decided, but the forming of the bank was practically completed, and it was expected to begin business very shortly. Mr. Kent had effected the organization as he believed there was an excellent field for a bank in Port Richmond. It was the center of many important Staten Island towns, and there were no banks of any kind nearer than St. George, three miles from Port Richmond. Mr. Kent was very experienced in organizing banks, and he was confident that there was a fine future for the Port Richmond National Bank. It was understood that Messrs. Kent and Moody would continue their residence in Passaic.

In April 1903, the bank reported total resources of $370,843.22, capital $100,000, surplus and profits $6,605.98 Deposits $239,177.29 and circulation $25,000. Chas. E. Griffith was president; Robt. D. Kent and Wm. J. Burlee, vice presidents; and E.R. Moody, cashier.

Official Bank Title(s)

1: The Port Richmond National Bank, Port Richmond, NY

2: Staten Island National Bank & Trust Company of (5/1/1926), New York, NY

Bank Note Types Issued

1902 Red Seal Proof $20 Port Richmond, NY Ch6198 approved April 25, 1902
1902 Red Seal Proof $20 Port Richmond, NY Ch6198 approved April 25, 1902
1929 $10 bank note error, missing printing. It has printed signatures of Ernest Miller, Cashier and J.F. Smith, President. Based on the plate numbers K191/244, it was most likely produced during a type 2 print run.
1929 $10 bank note error, missing printing. It has printed signatures of Ernest Miller, Cashier and J.F. Smith, President. Based on the plate numbers K191/244, it was most likely produced during a type 2 print run. Courtesy of Heritage Auctions, www.ha.com
1929 Type 2 $20 bank note with printed signatures of Ernest Miller, Cashier and J.F. Smith, President.
1929 Type 2 $20 bank note with printed signatures of Ernest Miller, Cashier and J.F. Smith, President. Courtesy of Heritage Auctions, www.ha.com

A total of $1,234,880 in National Bank Notes was issued by this bank between 1902 and 1935. This consisted of a total of 100,966 notes (40,688 large size and 60,278 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1: 1902 Red Seal 3x10-20 1 - 2140
1: 1902 Date Back 3x10-20 1 - 3780
1: 1902 Plain Back 3x10-20 3781 - 5141 Plate dated 1902
1: 1902 Plain Back 3x10-20 1 - 1676 Plate dated 1922
2: 1902 Plain Back 3x10-20 1 - 1215
2: 1929 Type 1 6x10 1 - 4020
2: 1929 Type 1 6x20 1 - 922
2: 1929 Type 2 10 1 - 23808
2: 1929 Type 2 20 1 - 6818

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1902 - 1935):

Presidents:

Cashiers:

Other Bank Note Signers

  • There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

  • Port Richmond, NY, 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
  • Passaic Daily News, Passaic, NJ, Sat., Jan. 25, 1902.
  • The New York Times, New York, NY, Wed., Apr. 15, 1903.
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