Tinker National Bank, East Setauket, NY (Charter 11511)
Tinker National Bank, East Setauket, NY (Chartered 1919 - Open past 1935)
Town History
Setauket /səˈtɔːkɪt/ is a hamlet and census-designated place (CDP) in the Town of Brookhaven, Suffolk County, New York, on the North Shore of Long Island. As of the 2010 United States census, the CDP population, which at the time included East Setauket, was 15,477.
Setauket was founded in 1655, the first settlement in what would become the town of Brookhaven. The name "Setauket" is derived from the historic Algonquian-speaking Setalcott Indians, who had lived in the area prior to its colonial period. It was an agricultural community in the mid-17th century, and was a regional center of activity during the American Revolutionary War noted for the Culper spy ring and the Battle of Setauket. Many of Setauket's early structures are intact and now form the Old Setauket Historic District. The Setaukets remain a mostly residential area, while bordering the more commercial enclaves of Port Jefferson and Stony Brook. The handful of businesses within the community largely cater to the over 24,500 students of Stony Brook University.
East Setauket had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized October 30, 1919
- Chartered November 14, 1919
- Bank was Open past 1935
- Merged with Marine Midland in 1969
The Tinker National Bank of East Setauket began business on August 28, 1920, and has steadily grown since that time. The bank was promoted by Edward L. Tinker, who was its first president, for the purpose of serving the village and at the same time establishing a memorial to his father, the late Henry C. Tinker, who had been a banker and first president of the Liberty National Bank, now the New York Trust Company. One of the president's earnest supporters in starting the bank was George E. Hand, a retired shipbuilder, Mr. Hand had charge of the construction and furnishing of the building. Early in 1921 he was made vice president and served in that office until his death in November, 1922. He was succeeded by Dr. James H. MacIvor. The cashier is W. Merritt Wisham, who in 1921 succeeded Myron W. Osborn upon his resignation.
A 5'2" female bandit brandishing a small, silver pistol robbed the Tinker National Bank of $6,600 on October 28, 1965. Police described her as attractive, brunette, in her early thirties wearing dungarees and a black raincoat. She escaped in a car.
On February 5, 1969, two Bay shore brothers charged with a $50,000 Setauket bank robbery interrupted their trial to plead guilty after which a federal judge issued an arrest-warrant for a third brother who was wounded in a gun battle with California police the week prior and was wanted in connection with the same holdup. The two brothers on trial in US District Court, Manuel Pereira, 35, and John Pereira, 29, changed their pleas from innocent to guilty as witnesses testifying during the second day of the trial identified them as participants in the stickup of the Tinker National Bank of Setauket on July 22, 1968. Police said that five participated including the injured brother. Judge Joseph C. Zavatt also issued a fugitive warrant for the third alleged gang member, another brother, Paul, 28, who was captured last week in Los Angeles following a gun battle with police along with an alleged fourth member, John Widmann, 25, of East Patchogue. Widmann was also being held by California authorities for extradition. Mrs. Jean Pereira, 32, of Bay Shore described as a fifth gang member, pleaded guilty to the same charge earlier in the year and was awaiting sentencing.
In April 1969, Marine Midland Banks, Inc., a $5.9 billion Buffalo-based holding company that owned 11 banking chains in New York with 231 offices succeeded in expanding into the Suffolk area when the Federal Reserve Board approved its takeover of the small Tinker National Bank with $97 million in resources. Marine Midland had previously failed to enter Suffolk in a similar attempt to acquire the Security National Bank and the Bank of Smithtown. The Federal Reserve's decision had two of the five board members opposed, stating that it was clearly anti-competitive because Tinker was a thriving institution.
Official Bank Title(s)
1: The Tinker National Bank of East Setauket, NY
Bank Note Types Issued
A total of $85,800 in National Bank Notes was issued by this bank between 1919 and 1935. This consisted of a total of 6,864 notes (6,864 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 1902 Plain Back 3x10-20 1 - 1716
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1919 - 1936):
Presidents:
- Edward Larocque Tinker, 1920-1927 Note: A featured biography is available.
- Dr. James H. MacIvor, 1928-1935
Cashiers:
- Oliver Lyons, 1920-1920
- Myron Wallace Osborn, 1920-1921
- William M. Wisham, 1922-1923
- Barrington George Dearborn, 1924-1935
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- New York Bank Note History
- General information on East Setauket (Wikipedia)
- General information on Suffolk County (Wikipedia)
- General information on New York (Wikipedia)
Sources
- East Setauket, 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
- The Brooklyn Daily Eagle, Brooklyn, NY, Wed., Jan. 9, 1924.
- The York Dispatch, York, PA, Thu., Oct. 28, 1965.
- Newsday (Suffolk Edition), Melville, NY, Thu., Feb. 6, 1969.
- Newsday (Nassau Edition), Hempstead, NY, Thu., Apr. 17, 1969.
- Three Village Historical Society, Images of America, The Setaukets, Old Field, and Poquott, (Charleston, SC: Arcadia Publishing, 2005).