Trumbull National Bank, Warren, OH (Charter 1578)

Needed: a contemporary postcard or photo of the bank.

Trumbull National Bank, Warren, OH (Chartered 1865 - Liquidated 1885)

Town History

Warren is a city in and the county seat of Trumbull County, Ohio. The municipality is located in northeastern Ohio, approximately 14 miles northwest of Youngstown and 56 miles southeast of Cleveland. The population was 41,558 at the 2010 census. Warren is the second largest city in the Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area, and anchors the northern part of that area.

Ephraim Quinby founded Warren in 1798, on 441 acres of land that he purchased from the Connecticut Land Company, as part of the Connecticut Western Reserve. Quinby named the town for the town's surveyor, Moses Warren. The town was the county seat of the Western Reserve, then became the Trumbull County seat in 1801.

During the latter decades of the nineteenth century and throughout the twentieth century, Warren remained an important trading and manufacturing center. By 1888, four railroads connected the community with other parts of Ohio. In that same year, there were five newspaper offices, seven churches, three banks and numerous manufacturing firms in Warren. The businesses manufactured a wide variety of products including linseed oil, furniture, barrel staves, wool fabric, blinds, incandescent bulbs, automobiles, and carriages.

During the late nineteenth and early twentieth centuries, steel production was a major industry in the county because of large deposits of coal and iron ore in surrounding counties. In recent years, many Warren residents have worked in local service and retail sales businesses. Many examples of late 19th and early 20th century architectural styles still stand in downtown Warren, including the Trumbull County Courthouse, which contains one of the largest courtrooms in the state of Ohio, and the Trumbull County Carnegie Law Library.

Warren had six National Banks chartered during the Bank Note Era, and all six of those banks issued National Bank Notes. Warren also had one Obsolete Bank that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

Organized July 5, 1865
Chartered October 7, 1865
Liquidated July 5, 1885
Succeeded by 3362 (Western Reserve NB, Warren, OH)

Notation on Organization Report: Circulation limited to $9,000 according to organization papers. October 4, 1865

On October 7, 1865, Freeman Clark, Comptroller of the Currency, authorized the Trumbull National Bank of Warren, Ohio to commence the business of banking. Anderson and Rupp's store was the site of the new bank on Main Street. It was expected to open for business about the first Monday of December, 1865. The bank had procured the temporary use of the room occupied by B.H. Fitch with plans to erect a bank building on Market Street the following year.

At the stockholders' meeting at the banking house on January 9, 1866, the following Directors were elected: Charles Smith, Harmon Austin, H.W. Smith, R.S. Parks, C.A. Harmon, Darius Baldwin, and Warren Packard. Officers elected were Charles Smith, president; John S. Edwards, cashier; K.M. Fitch, Teller. The bank received $100,000 in new bills for circulation. On November 7, 1866, the directors announced a dividend of 3% free of Government Tax payable to stockholders on or after the 12th. By July 1869, the lot and brick store building, west-side of Main Street formerly occupied by Anderson & Rupp was placed for sale by the Trumbull National Bank.

In July 1886, The Trumbull National Bank filed suit in Common Pleas Court against Edward C. Smith, former cashier of the bank and his bondsman, Henry W. Smith, the executors of the immense Smith estate, and John H. McCombs, for the sum of $14,000 and interest from 1878. The charter of the Trumbull National ran out in July 1885 and it was running under the name of the Western Reserve National.

Official Bank Title(s)

1: The Trumbull National Bank of Warren, OH

Bank Note Types Issued

Series of 1875 $10 bank note with pen signatures of Edward C. Smith, Cashier and Harmon Austin, President. Courtesy of Heritage Auctions, www.ha.com

A total of $440,000 in National Bank Notes was issued by this bank between 1865 and 1885. This consisted of a total of 47,500 notes (47,500 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
Original Series	4x5	1 - 3625
Original Series	3x10-20	1 - 2950
Series 1875	4x5	1 - 1500
Series 1875	3x10-20	1 - 3800

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1885):

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

Warren, 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://bbdata.banknotehistory.com
Western Reserve Chronicle, Warren, OH, Wed., Nov. 15, 1865.
Cleveland Daily Leader, Cleveland, OH, Fri., Nov. 17, 1865.
Cleveland Daily Leader, Cleveland, OH, Sat., Jan. 13, 1866.
Western Reserve Chronicle, Warren, OH, Wed., Nov. 14, 1866.
Western Reserve Chronicle, Warren, OH, Wed., July 14, 1869.
Pittsburgh Post-Gazette, Pittsburgh, PA, Thu., July 8, 1886.