First National Bank, Loysville, PA (Charter 11524)

NEEDED: a contemporary postcard or photo of the bank.

First National Bank, Loysville, PA (Chartered 1919 - Closed (Merger) 1988)

Town History

Loysville is an unincorporated community in Perry County, Pennsylvania. The community is located at the intersection of Pennsylvania Route 274 and Pennsylvania Route 850, about 9 miles west-southwest of New Bloomfield and 9 miles east of Blain. Michael Loy, a Revolutionary War soldier was the founder of Loysville.

The Tressler Orphans' Home was an early academy opened in the basement of Lebanon Church at Loysville in 1853 of which Josiah R. Titzell was principal. In 1855-56, Col. John Tressler erected a 3-story brick building with a large auditorium and twenty rooms to which the school was transferred. When the Civil War broke out, Mr. D.L. Tressler, Col. Tressler's son, accepted a captaincy in the U.S. Army and with him went almost the entire male enrollment of the little institution. In 1865 it was one of the first soldiers' orphan schools in the United States. A charter was granted on January 6, 1869 for a corporation known as the "Tressler Orphans' Home of the Evangelical Luthern Church of the United States of America." The academy and its grounds comprising five acres was purchased February 20, 1868 for $5,000 from the Tresslers, Capt. Rev. D.L. Tressler donating his share in the property. In appreciation it was named the Tressler Orphans' Home.

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

Bank History

Organized October 21, 1919
Chartered November 28, 1919
Bank was Open past 1935
For Bank History after 1935 see FDIC Bank History website
Merged into CCNB Bank, National Association in New Cumberland, PA, December 2, 1988

On October 21, 1919, at a meeting of the stockholders of the recently organized First National Bank of Loysville, the following officers and directors were elected: Directors--H.O. Ritter, Loysville; Dr. W.T. Morrow, Loysville; L.R. McMillen, Loysville; J.E. Garber, Elliottsburg; Theorus Bernheisel, Loysville; E.G. Briner, Loysville; B. Stiles Duncan, Duncannon. The officers of the new banking institution were Dr. W.T. Morrow, president; H.O. Ritter, vice president; B. Stiles Duncan, casher. The bank was capitalized at $25,000 with a surplus of $5,000. The shares were distributed among eighty holders, nearly all of whom reside in the upper end of the county, The officers and directors of the were all well known professional and businessmen and farmers. The equipment for the bank was on order and was expected to arrive within a short time. It was planned to break ground in the near future for the erection of a building to house the bank. The bank opened for business on January 2, 1920.

On Tuesday, January 13, 1920, the stockholders elected the following officers for the ensuing year: Directors--Theorus Bernheisel, E.G. Briner, B. Stiles Duncan, J.E. Garber, L.R. McMillen, Dr. W. Morrow, James Rhinesmith, H.O. Ritter, and John H. Shumaker. The officers were B. Stiles Duncan, president; Dr. W.T. Morrow, vice president; and W.H. Soule, cashier. Mr. Soule succeeded B. Stiles Duncan as cashier and was formerly an assistant cashier of the Citizen's National Bank of Newport.

The first annual outing of the Perry County Bankers was held at Loysville, Friday afternoon and evening of June 26, 1922. The officers and directors of the First National Bank of Loysville acted as hosts and the arrangement committee. The local entertainment committee was headed by W.T. Morrow, president of the local bank. The following assisted with the local committee work: Joseph B. Lightner, Jas. E. Wilson, B.F. Kell, Dr. B.F. Hohenshilt, C.C. Nickel, C.T. Smith, H.P. Dyson, Chester L. Emlet, and Joseph G. Bistline. After becoming acquainted, they visited various places of interest in the surrounding community with a visit to the Perry County Almshouse. On their return to the village they were met in the square by the Tressler Orphans' Home Band which escorted them to the large pavilion at the Home. Here they were very heartily welcomed by Charles K. Hampton in his usual pleasing and forceful manner, on behalf of the citizens of the community. Mr. Hampton spoke in place of Dr. Morrow on account of the death of his mother at the time. Attending from the Loysville National Bank were B. Stiles Duncan, cashier, G.H. Ritter, assistant cashier, W.T. Morrow, president, J.E. Garber, vice president, James Rhinesmith, John H. Shumaker, H.O. Ritter, L.R. McMillen, E.G. Briner, and Theorus Bernheisel.

In May 1924, Mr. J. Geary Morrow of Landisburg was elected cashier of the First National Bank to succeed B. Stiles Duncan who resigned to accept a position with the Standard Novelty Works of Duncannon. On June 22, 1925, Harold Noll of Greenpark began his work as assistant cashier.

On Tuesday, January 17, 1928, at a meeting of the stockholders all the former officers and directors were re-elected as follows: President, Dr. W.T. Morrow; vice president, J.E. Garber; cashier, J.G. Morrow; assistant cashier, J.H. Noll; directors, Dr. W.T. Morrow, H.O. Ritter, Theorus Bernheisel, E.G. Briner, L.R. McMillen, Loysville; C.W. Bistline, New Germantown; J.E. Garber, Elliottsburg; Arthur Kling, Landisburg, and B. Stiles Duncan, Duncannon.

On Tuesday afternoon, January 8, 1935, stockholders elected the following directors: Dr. W.T. Morrow, J.E. Garber, Theorus Bernheisel, L.R. McMillen, E.G. Briner, Loysville; and B. Stiles Duncan, Duncannon. The officers re-elected were Dr. W.T. Morrow, president; J.E. Garber, vice president; J.H. Noll, cashier; and J.E. Garber, secretary and assistant cashier.

On Tuesday, January 11, 1944, the Directors, each of whom received the same number of votes, were: E.G. Briner, C.H. Clark, Lynn J. McMillen, Gard M. Smith, Merle Miller. The officers elected were: President, Lynn J. McMillen; vice president, C. H. Clark; secretary, Gard M. Smith; cashier, Merle Miller; assistant cashier, Cletus Myers.

In January 1968, the officers were: President, C.H. Clark; Vice Presidents, Harry Crytzer and Merle Miller; Cashier, Merle Miller; Secretary, J.R. Lyons; Assistant Secretary, Harold Swartz: Assistant Cashier, Robert E. Smith; Clerks, Janet Neely, Jean Morrow, Mrs. Hostetter; Directors, C.H. Clark, Harry B. Crytzer, Merle Miller, Harold Swartz, and Jere Lyons.

In June 1988, CCNB Corp., based in New Cumberland, was moving on with plans to acquire the First National Bank of Loysville. Officials of CCNB and First Perry Independent Bancorp, Inc., parent company of the First National, announced that over 83 percent of First Perry shareholders approved of the proposed merger, contingent on approval by federal banking authorities. CCNB offered six of its shares for each share of First Perry stock, according to Richard H. Smith, president and chairman of the board for CCNB. The proposed merger would make First National a part of CCNB Bank, a subsidiary of CCNB Corp. The three First National offices in the Loysville area located at Loysville, New Bloomfield and Ickesburg would become CCNB branches. Terry Urich, chief executive officer of First Perry and First National, would become a regional vice president for the Loysville banking offices. As of May 31, First National recorded assets totaling over $34.4 million and CCNB reported just under $703.5 million in assets. CCNB Corp. was also the parent company of Gettysburg National Bank.

Official Bank Title(s)

1: The First National Bank of Loysville, PA

Bank Note Types Issued

1902 Plain Back $10 bank note with pen signatures of J.G. Morrow, Cashier and J.E. Garber, Vice President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $20 bank note with printed signatures of J.G. Morrow, Cashier and W.T. Morrow, President. The Government Printing Office (GPO) prepared the overprinting plate used to produce this note. Courtesy of Heritage Auctions, www.ha.com

1929 Type 1 $5 bank note with printed signatures of J.G. Morrow, Cashier and W.T. Morrow, President. Barnhart Brothers & Spindler (BBS) prepared the overprinting plate used to produce this note. Courtesy of Heritage Auctions, www.ha.com

A total of $285,930 in National Bank Notes was issued by this bank between 1919 and 1988. This consisted of a total of 36,942 notes (25,260 large size and 11,682 small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type	Sheet/Denoms	Serial#s	Sheet Comments
1902 Plain Back	4x5	1 - 4055
1902 Plain Back	3x10-20	1 - 2260
1929 Type 1	6x5	1 - 982
1929 Type 1	6x10	1 - 464
1929 Type 1	6x20	1 - 142
1929 Type 2	5	1 - 1194
1929 Type 2	10	1 - 768
1929 Type 2	20	1 - 192

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1919 - 1988):

Presidents:

Cashiers:

Other Bank Note Signers

James Elmer Garber] signed notes as Vice President
There are currently no known Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

Loysville, PA, Wikipedia, https://en.wikipedia.org/wiki/Loysville,_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
H.H. Hain, History of Perry County, Pennsylvania. (Harrisburg, PA: Hain-Moore Company, 1922), p. 352-3.
The Perry County Times, New Bloomfield, PA, Thu., Oct. 30, 1919.
The Perry County Times, New Bloomfield, PA, Thu., Jan. 15, 1920.
The Perry County Times, New Bloomfield, PA, Thu., June 29, 1922.
Duncannon Record, Duncannon, PA, Thu., May 1, 1924.
The Perry County Democrat, Bloomfield, PA, Wed., June 24, 1925.
The Perry County Democrat, Bloomfield, PA, Wed., Jan. 18, 1928.
The Perry County Times, New Bloomfield, PA, Thu., Jan. 10, 1935.
Duncannon Record, Duncannon, PA, Thu., Jan. 13, 1944.
The News-Sun, Newport, PA, Thu., Jan. 18, 1968.
The Sentinel, Carlisle, PA, Wed., June 15, 1988.