Union National Bank, New Brighton, PA (Charter 4549)
Union National Bank, New Brighton, PA (Chartered 1891 - Closed (Merger) 1998)
Town History
New Brighton is a borough in north-central Beaver County, Pennsylvania, located along the Beaver River 28 miles northwest of Pittsburgh. It is part of the Pittsburgh metropolitan area. The population was 5,729 at the 2020 census. In 1890 the population was 5,616, peaking in 1930 at 9,950.
In the past, New Brighton had industries in pottery, bricks, sewer pipe, glass, flour, twine, lead kegs, refrigerators, bath tubs, wall paper, steel castings, nails, rivets, and wire. New Brighton is located near the center of Beaver County along the east bank of the Beaver River. Pennsylvania Routes 18 and 65 run through the center of the borough as Third Avenue. To the south, the two highways run to Rochester on the Ohio River; to the north, PA-18 crosses the Beaver River into Beaver Falls, while PA-65 turns northeast and leads to Ellwood City.
New Brighton had four National Banks chartered during the Bank Note Era, and all four of those banks issued National Bank Notes.
Bank History
- Organized February 27, 1891
- Chartered April 11, 1891
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into The Citizens Banking Company in Salineville, OH, December 28, 1998
On December 18, 1890, the comptroller of the currency authorized the Union National Bank of New Brighton to organize.[1][2] In February 1891, the new national bank organized at New Brighton with C.M. Merrick as president.[3]
In July 1894, E.H. Seiple was elected cashier with Clifford C. Keck as assistant. Mr. Seiple was one of the youngest and best of the bankers, having filled every position with ability and honesty. He was recently married to Miss Charlotta Weber of Meadville.[4][5]
In November 1910, the comptroller of the currency announced that E.H. Seiple was elected president in place of C.M. Merrick, and John A. Jackson, vice president, in place of E.H. Seiple.[6]
On April 28, 1924, Ernest H. Seiple, 60 years old, president of the Union National Bank of New Brighton died in his home there. He was born in Meadville and came to New Brighton 40 years ago where he took a position as a clerk in the bank. He was also president of the Standard Horse Shoe Nail Works of New Brighton and director in the Beaver County Building and Loan Association.[7]
On January 16, 1929, Peter A. McHattie, president of the McHattie Co., Beaver Falls, died at his home in Patterson Heights, Beaver Falls. He was president of the Union National Bank, New Brighton, director of the Beaver County Trust Co., New Brighton, and director of the Ambridge National Bank, Ambridge.[8]
In December 1967, Delbert R. Hutchinson, former trust officer of the Union National Bank of New Brighton admitted to embezzling $46,890 between September 1966 and February 1967. He was sentenced to three years in jail by Judge Louis Rosenberg of U.S. District Court.[9]
On Monday, December 9, 1985, the merger of National Bank of Beaver County, Midland National Bank, and Century National Bank and Trust Company became official. A. Dean Heasley, president and chief executive officer of Century announced that final approval was received from state and federal regulatory agencies and the new institution would be known as Century National Bank. with assets of $200 million and 12 offices in a four-county marketing area. John M. Finley of Midland and Harry J. Johnson of Beaver County announce their retirements. The bank's headquarters would remain in Rochester to oversee the 11 other offices. In addition to the single Midland bank, also involved in the merger were the four Beaver County National Bank offices located at 1001 Penn Ave., Beaver Valley Mall, and Center Square Shopping Center, all in Monaca, and the Cranberry office on Haines School Road. Heasley said for the past two years Century had been working towards mergers to create a financially stronger bank.[10]
In April 1998, Century Financial announced record earnings for the first quarter of 1998 ended March 31. The Rochester-based bank holding company attained net income for the quarter of $1.36 million, a 5% increase of 1997's previous record of $1.3 million. Century Financial was the parent company of Century National Bank and Trust which had 13 offices in Beaver and Butler Counties.[11]
On Monday, December 14, 1998, New Castle-based First Western Bancorp Inc., the $2.2 billion holding company for First Western Bank, agreed to be swallowed up by Sky Financial Group Inc., a Bowling Green, Ohio-based financial institution roughly twice its size. First Western was among a handful of $1 billion-plus super-community banks on the periphery of Allegheny County long considered ripe for merger. It had 47 branches in Western Pennsylvania concentrated in Lawrence, Beaver and Mercer Counties and five offices in Ashtabula County in northeast Ohio. Its only office in Allegheny County was in Moon. Sky said it expected to slash about $11 million in annual expenses from First Western, mainly by combining back-office staff. First Western shareholders would receive 1.211 shares of Sky Financial for each of their approximately 11.3 million shares. That placed the deal at roughly $400 million, or $35.27 per share, based on Sky's closing. The deal was valued slightly higher, at $37.24 per share, before Sky's stock fell on the news. First Western President Richard Stover said that although the bank hadn't been searching for a buyer, it considered Sky's offer too good to pass up. At roughly 2.8 times book value and 22 times earnings, "we considered it a very good offer for our franchise," Stover said. Sky operated three banks in Ohio: Citizens Banking Co., Salineville; The Ohio Bank; and Mid American National Bank and Trust Company. In Pennsylvania it owned Century National Bank with 14 offices in Beaver and Butler Counties. The only overlap between First Western and Sky was in Beaver County where five or six branches were thought likely to close.[12] In 1980 the First National Bank of Lawrence County at New Castle which received Charter 562 in 1864 changed its name to First National Bank of Western Pennsylvania with a second name change in 1993 to First Western Bank, National Association.[13]
- 09/01/1973 Main Office moved to 171 West Adams Street, Rochester, PA 15074.
- 09/01/1973 Acquired The Freedom National Bank (Charter 5454) (FDIC #7883) in Freedom, PA.
- 12/09/1985 Acquired The National Bank of Beaver County (7921) in Monaca, PA.
- 06/01/1988 Reorganized banking operations.
- 07/26/1993 Main Office moved to 1 Century Place, Rochester, PA 15074.
- 12/28/1998 Merged and became part of The Citizens Banking Company (14641) in Salineville, OH.
- 06/08/1999 Changed Institution Name to Sky Bank.
- 12/31/2001 Merged and became part of Sky Bank-Ohio Bank Region (5982) in Findlay, OH.
- 09/21/2007 Merged and became part of The Huntington National Bank (6560) in Columbus, OH.
Official Bank Title
1: The Union National Bank of New Brighton, PA
Bank Note Types Issued
A total of $2,028,510 in National Bank Notes was issued by this bank between 1891 and 1935. This consisted of a total of 157,403 notes (126,118 large size and 31,285 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1882 Brown Back 4x5 1 - 3000 1882 Brown Back 50-100 1 - 1674 1882 Date Back 4x5 1 - 3110 1882 Date Back 50-100 1 - 371 1902 Date Back 3x10-20 1 - 5900 1902 Plain Back 3x10-20 5901 - 24397 1929 Type 1 6x10 1 - 3354 1929 Type 1 6x20 1 - 978 1929 Type 2 10 1 - 4475 1929 Type 2 20 1 - 818
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1891 - 1935):
Presidents:
- Charles M. Merrick, 1891-1910
- Ernst Hartman Seiple, 1911-1923
- Peter A. McHattie, 1924-1928
- John D. Bruhn, 1929-1935
Cashiers:
- DeWitt C. Champlin, 1891-1893
- Ernst Hartman Seiple, 1894-1903
- George L. Hamilton, 1904-1915
- A. Lynn Bingham, 1916-1928
- Joseph DeVenny Brubaker Sr., 1929-1935
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- New Brighton, 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 Philadelphia Inquirer, Philadelphia, PA, Fri., Dec. 19, 1890.
- ↑ Altoona Times, Altoona, PA, Fri., Dec. 19, 1890.
- ↑ New Castle News, New Castle, PA Wed., Mar. 11, 1891.
- ↑ The Evening Republican, Meadville, PA, Tue., July 31, 1894.
- ↑ The Record-Argus, Greenville, PA, Thu., Aug. 2, 1894.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Thu., Dec. 1, 1910.
- ↑ The Pittsburgh Post, Pittsburgh, PA, Wed., Apr. 30, 1924.
- ↑ The Pittsburgh Press, Pittsburgh, PA, Fri., Jan. 18, 1929.
- ↑ Dayton Daily News, Dayton, OH, Sun., Dec. 17, 1967.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Wed., Dec. 4, 1985.
- ↑ North Hills News Record, North Hills, PA, Mon., Apr. 20, 1998.
- ↑ Pittsburgh Post-Gazette, Pittsburgh, PA, Tue., Dec. 15, 1998.
- ↑ Ellwood City Ledger, Ellwood City, PA, Mon., July 28, 1980.