Warren National Bank, Warren, PA (Charter 4879)

ca.1910 postcard of the Warren National Bank. Courtesy of Adam Stroup.

Warren National Bank, Warren, PA (Chartered 1893 - Closed (Merger) 1982)

Town History

Vice President's office and lobby, Warren National Bank circa 1910 courtesy of Adam Stroup

Warren is the county seat of Warren County, PA, located along the Allegheny River. After the Revolutionary War, General William Irvine and Andrew Ellicott were sent to the area to lay out a town in 1795. It was named after Major General Joseph Warren. David Beaty discovered oil in Warren in 1875 while drilling for natural gas in his wife's flower garden. Oil came to dominate the city's economy. Many of the town's large Victorian homes were built with revenue generated by the local oil and timber industries.

The population was 9,710 at the 2010 census. As of the census of 1900, there were 8,043 people, and the population peaked in 1940 at 14,891.

Warren had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.

Bank History

Organized February 23, 1893
Chartered April 11, 1893
Absorbed 8165 November 17, 1931 (First National Bank, Youngsville, PA)
Bank was Open past 1935
For Bank History after 1935 see FDIC Bank History website
On October 30, 1953, acquired The First National Bank of Warren (520), Warren, PA
1963 acquired The Johnsonburg National Bank (4544), Johnsonburg, PA
On October 30, 1970, acquired The Gold Standard National Bank of Marienville (7908), Marienville, PA
Merged into Marine Bank in Meadville, PA June 30, 1982

On September 11, 1963, officers and directors of the Warren National Bank announced that an agreement had been completed with the Johnsonburg National Bank to merge the two financial institutions, subject to approval by the comptroller of the currency and the shareholders. Total assets of the combined institution would be approximately $59 million. Started in 1893, the Warren National grew steadily as had the community of Warren. Assets of the Warren National were listed at $53,455,154.17 as of June 28, 1963. The directors were D.C. Smith, W.M. Cashman, W.F. Swanson, A.L. Rasmussen, E.T. Lundahl, D.S. Mervine, R.Y. Kopf, J.S. Beckley, N.D. Paterson, H.W. Conarro, J.W. Moll, J.L. Blair, W.F. Crossett, S.J. Myers, H.R. Lauffenburger, D.A. Anderson, D.E. Conaway, and J.A. Loranger. Clare J. Crary was honorary chairman and Albert L. Rasmussen, president. Assets of the Johnsonburg National were slightly over $5 million. On November 29, 1963, the Warren National Bank received permission from the comptroller of the currency, James Saxon, to merge with the Johnsonburg National Bank. The acquisition allowed the Warren National to expand into another county. It operated three offices in Warren as well as offices in Sheffield, Tionesta, Tidioute, Kane and now Johnsonburg.

A 1963 logo for the Warren National Bank

Acquisitions of the Warren National Bank:

1945 purchase of the Sheffield National Bank
1946 purchase of the Forest County National Bank
1948 opening of Warren's East Side Branch
1952 purchase of the Tidioute State Bank
1953 purchase of the First National Bank of Warren
1956 opening of the Driven-in Branch
1960 opening of the Kane Office
1963 opening of the Liberty Street walk-up windows

Official Bank Title

1: The Warren National Bank, Warren, PA

Bank Note Types Issued

1882 Date Back $5 bank note with pen signatures of E.H. Lampe, Cashier, and F.E. Hertzel, President. Courtesy of Heritage Auctions, www.ha.com

1902 Date Back $5 bank note with printed signatures of E.H. Lampe, Cashier, and F.E. Hertzel, President. Courtesy of Adam Stroup

1929 Type 1 $5 bank note with printed signatures of R.W. Mackay, Cashier, and F.E. Hertzel, President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 2 $5 bank note with printed signatures of R.W. Mackay, Cashier, and Miner D. Crary, President. Courtesy of Heritage Auctions, www.ha.com

A total of $10,421,950 in National Bank Notes was issued by this bank between 1893 and 1982. This consisted of a total of 1,437,685 notes (1,021,900 large size and 415,785 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 - 15425
1882 Brown Back	3x10-20	1 - 15420
1882 Date Back	4x5	1 - 15415
1882 Date Back	3x10-20	1 - 10341
1902 Date Back	4x5	1 - 10500
1902 Date Back	4x10	1 - 10500
1902 Plain Back	4x5	10501 - 111261
1902 Plain Back	4x10	10501 - 87613
1929 Type 1	6x5	1 - 35820
1929 Type 1	6x10	1 - 17950
1929 Type 2	5	1 - 59172	14581-14586 Not issued
1929 Type 2	10	1 - 33993

Bank Presidents and Cashiers

The Warren National Bank Presidents and Cashiers during the National Bank Note Era (1893 - 1982):

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, 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://bbdata.banknotehistory.com
The Kane Republican, Kane, PA, Mon., Nov. 2, 1953.
Warren Times Mirror, Warren, PA, Wed., Sep. 11, 1963.
The Kane Republican, Kane, PA, Fri., Nov. 29, 1963.
Warren Times Mirror, Warren, PA, Wed., Dec. 4, 1963.