First National Bank, Goldsboro, PA (Charter 9072)

The old First National Bank of Goldsboro on 14 W. Broadway Street, ca2022. Courtesy of Google Maps

First National Bank, Goldsboro, PA (Chartered 1908 - Receivership 1933)

Town History

Photo of the U.S. Post Office, Etters, Pennsylvania. This is the post office serving Goldsboro. Cooling towers from Three Mile Island are visible in the background behind the postoffice

Photo of the U.S. Post Office, Etters, Pennsylvania. This is the post office serving Goldsboro. Courtesy of Google Maps

Goldsboro (formerly Goldsborough) is a borough in York County, Pennsylvania. It is located along the Susquehanna River opposite the Three Mile Island Nuclear Generating Station, the site of the largest nuclear accident in the United States. The population was 930 at the 2020 census. In 1910 the population was 434.

In 1738 Nathan Hussey, a Quaker, from New Castle County, Delaware, obtained a grant for land on which the Village of Goldsboro now stands. In 1743 a road from Walnut Bottom, now in Cumberland County, to Hussey's ferry was built. The turnpike was completed in 1816 from York to Harrisburg. Along the turnpike, near the site of Hussey's Ferry (now Middletown Ferry) Henry Etter established Etter's Tavern, which included Etter's Post Office by 1838. Goldsboro was founded in 1850 upon completion of a railroad from York Haven to Harrisburg. Prior to completion of the railroad the 20 or so houses that made up Goldsboro were affectionately referred to as Martinsville, for Martin P. Burger who owned a store near the village. When the railway was completed in 1850, the village was named Goldsborough in honor of J.M. Goldsborough, the civil engineer of the railway. Dr. Alexander Small in 1849 surveyed Goldsborough and officially advertised lots for sale in the village of Goldsborough as early as November 19, 1850. The Borough of Goldsborough was incorporated in 1864.

For historical reasons, the post office in Goldsboro is named "Etters" even though there is no incorporated place known by that name.

Goldsboro had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

Charles E. Bair, President, C.E. Bair and Sons, Cigar manufacturers and The First National Bank of Goldsboro, Pennsylvania.

Organized October 25, 1907
Chartered March 17, 1908
Opened for business March 24, 1908
Conservatorship March 23, 1933
Receivership November 3, 1933

In October 1907, at a meeting held in the town hall the following persons were elected as directors: Messrs. C.E. Bair, C.F. Williams, G.W. Bamberger, William Mansberger, Augustus Kohr and D.C. Coble. The bank would be known as the First National bank of Goldsboro. At this meeting C.E. Bair acted as chairman and William Mansberger as secretary. Messrs. C.E. Bair, C.F. Williams and G.W. Bamberger were appointed as a committee to secure a site for the bank. On Friday evening, October 25, the following officers were elected: C.E. Bair, president; G.W. Bamberger, vice president; C.F. Williams, vice president; J.F. Zortman, vice president; and William Mansberger, cashier. In the bank's statement of May 1908, it reported $15,000 in capital stock paid in, loans and discounts of $7,633.01 and $6,500 in U.S. Bonds to secure circulation, although no national bank notes were issued at this point.

At his Goldsboro home, Charles E. Bair, senior member of C.E. Bair and Sons, cigar manufacturers, and president of the First National Bank of Goldsboro died Sunday afternoon, September 12, 1915. He was 63 years old. Mr. Bair was one of the best-known businessmen, his firm being widely known throughout the tobacco trade circles of Central Pennsylvania. He came to this place 16 years ago from New Cumberland, but had been in the cigar manufacturing business many years before that, his activity in the trade covering fully 40 years. He first entered the business at Newberrytown, going from there to New Cumberland. He was the manufacturer of the "General Hartranft" and other popular cigar brands. Through him the First National Bank of Goldsboro was organized, he having served as president from the time of its inception until his death. Mr. Bair was survived by his wife, eight sons, William, Filmore, Harvey, Daniel, Charles B., Ross, Orville, Benjamin and three daughters, Annie, Mary and Ella Bair. His sons would be pallbearers at the funeral.

In January 1923, the stockholders elected the following directors: Harvey B. Bair, Samuel Schlosser, A.G. Kohr, Charles E. Bair, J. Frank Zortman, G.W. Bamberger, W.G. Fetrow, and F.V. Crone. The following officers were elected: Harvey B. Bair, president; Samuel Schlosser, vice president; G.W. Bamberger, cashier; and Dale Hays, assistant cashier.

In January 1931, the following directors were elected: A.G. Kohr, J. Frank Zortman, Dr. H.C. Hetrick, William Bamburger, William Mansberger, B.F. Crone, and Charles B. Bair. The directors re-elected the following officers: Harvey B. Bair, president; A.G. Kohr, vice president; J. Frank Zortman, secretary; and William Mansberger, cashier.

On March 25, 1933, the Philadelphia Federal Reserve Bank announced the appointment of conservators for eight national banks in York County. Mr. William M. Mansberger, the cashier, was appointed the conservator of the First National Bank of Goldsboro.

In January 1934, since the First National Bank of Goldsboro was in receivership, no meeting of stockholders was held. The Receiver, Clair K. Young of 264 York Street, Hanover, was named receiver last November 3rd, and he was proceeding with plans for liquidation. The bank had operated under a conservator for six months following the national banking holiday of March 1933 and when no progress was made towards securing a reorganization plan, the receiver was named.

Official Bank Title(s)

1: The First National Bank of Goldsboro, PA

Bank Note Types Issued

1902 Plain Back $10 bank note with pen signatures of W.M. Mansberger, Cashier and Harvey B. Bair, President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $20 bank note with printed signatures of W.M. Mansberger, Cashier and H.C. Hetrick, President. Courtesy of Heritage Auctions, www.ha.com

A total of $403,290 in National Bank Notes was issued by this bank between 1908 and 1933. This consisted of a total of 32,418 notes (26,844 large size and 5,574 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 - 300
1902 Date Back	3x10-20	1 - 2120
1902 Plain Back	3x10-20	2121 - 6411
1929 Type 1	6x10	1 - 722
1929 Type 1	6x20	1 - 200
1929 Type 2	10	1 - 42

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1908 - 1933):

Presidents:

Cashiers:

William Norman Mansberger, 1908-1932

Other Bank Note Signers

There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Goldsboro, PA, Wikipedia, https://en.wikipedia.org/wiki/Goldsboro,_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://spmc.org/bank-note-history-project
The York Daily, York, PA, Mon., Oct. 21, 1907.
The York Daily, York, PA, Mon., Nov. 11, 1907.
The York Dispatch, York, PA, Fri., May 22, 1908.
The York Dispatch, York, PA, Tue., Sep. 14, 1915.
Harrisburg Telegraph, Harrisburg, PA, Mon., Sep. 13, 1915.
York Daily Record, York, PA, Wed., Jan. 10, 1923.
The York Dispatch, York, PA, Tue., Jan. 13, 1931.
York Daily Record, York, PA, Sat., Mar. 25, 1933.
York Daily Record, York, PA, Wed., Jan. 10, 1934.