Citizens National Bank, Connellsville, PA (Charter 6452)
Citizens National Bank, Connellsville, PA (Chartered 1902 - Receivership 1930)
Town History
Connellsville is a city in Fayette County, Pennsylvania, 50 miles southeast of Pittsburgh on the Youghiogheny River, a tributary of the Monongahela River. It is part of the Pittsburgh Metro Area. The population was 7,637 at the 2010 census, down from 9,146 at the 2000 census.
During the French and Indian War, a British army commanded by General Edward Braddock approached Fort Duquesne and crossed the Youghiogheny River at Stewart's Crossing, which is situated in the middle of what is now the city of Connellsville.
Connellsville was officially founded as a township in 1793 then as a borough on March 1, 1806, by Zachariah Connell, a militia captain during the American Revolution. In February 1909, balloting in New Haven and Connellsville resulted in these two boroughs joining and becoming the first city in Fayette County on May 12, 1911.
Due to the city's location in the center of the Connellsville Coalfield, coal mining, coke production, and other accompanying industries became the major sources of employment and revenue during the late 19th and early 20th centuries. Connellsville became known at the "Coke Capital of the World" due to the amount and quality of coke produced in the city's many beehive ovens.
Connellsville has the distinction of having been served at one time by five railroads: the Baltimore and Ohio Railroad, the Pennsylvania Railroad, the Western Maryland Railroad, the Pittsburgh and Lake Erie Railroad, and the Norfolk and Western Railroad.
Connellsville had seven National Banks chartered during the Bank Note Era, and all seven of those banks issued National Bank Notes.
Bank History
- Organized Sep 8, 1902
- Chartered Oct 7, 1902
- Absorbed 2329 Jun 22, 1928 (First National Bank, Connellsville, PA)
- Receivership Jul 31, 1930
An initial dividend of 50% was paid to depositors seven months after the bank closed. There were 11,490 accounts to receive a check; the total of this payout was $1,026,312.
Official Bank Title(s)
1: The Citizens National Bank of Connellsville, PA
Bank Note Types Issued
A total of $1,819,780 in National Bank Notes was issued by this bank between 1902 and 1930. This consisted of a total of 145,958 notes (137,936 large size and 8,022 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Red Seal 3x10-20 1 - 7025 1902 Date Back 3x10-20 1 - 9300 1902 Plain Back 3x10-20 9301 - 27459 1929 Type 1 6x10 1 - 1081 1929 Type 1 6x20 1 - 256
Bank Presidents and Cashiers
The Citizens National Bank of Connellsville Presidents and Cashiers during the National Bank Note Era (1902 - 1930):
Presidents:
Cashiers:
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Connellsville (Wikipedia)
- General information on Fayette County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Connellsville, PA, Wikipedia, https://en.wikipedia.org/wiki/Connellsville,_Pennsylvania
- 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 Daily Courier, Connellsville, PA, Sat., Feb. 21, 1931