First National Bank, Perkasie, PA (Charter 5736)

ca1920 postcard of the First National Bank. Courtesy of Mark Hotz

First National Bank, Perkasie, PA (Chartered 1901 - Open past 1935)

Town History

Advertisement from The First National Bank of Perkasie, Pennsylvania from 1901. The ad shows Capital of $50,000 and the bank officers and directors as listed in the Bank History.

Perkasie is located in Bucks County.

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

Bank History

• Organized January 10, 1901
• Chartered March 7, 1901
• Opened for business Mar 18, 1901
• Bank was Open past 1935
• Merged with four other banks to form the Bucks County Bank & Trust Co., February 10, 1955

On March 7, 1901, the acting comptroller of the currency, Thomas P. Kane, authorized The First National Bank of Perkasie to commence the business of banking with capital of $50,000. The directors were Henry G. Moyer, Charles E. Freed, Leidy F. Harpel, Grier Scheetz, Leidy Fulmer, C.S. Gulick, Edwin C. Leidy, John S. Bissey, Henry O. Moyer, and Dr. George M. Grim. Officers were Henry G. Moyer, president; Charles E. Freed, vice president; and Milton C. Pyle, Cashier.

On February 10, 1955, a merger of four banks in upper Bucks County into one institution with assets of 16.5 million dollars and capitalization of $1,814,000 was approved by stockholders. The banks were the Quakertown Trust Co., The First National Bank of Perkasie, the Perkasie Trust Co., and the Dublin National Bank. The title of the resulting institution was the Bucks County Bank & Trust Co. with Quakertown president D. H. Erdman as head of the new bank. The new bank applied for a state charter.

Official Bank Title(s)

1: The First National Bank of Perkasie, PA

Bank Note Types Issued

1882 Brown Back $20 bank note with pen signatures of Walter K. Terry, Cashier and Henry G. Moyer, President. Courtesy of Heritage Auctions, www.ha.com

1929 Type 2 $10 bank note with printed signatures of Walter K. Terry, Cashier and Charles B. Weaver, President. Courtesy of Heritage Auctions, www.ha.com

A total of $1,226,400 in National Bank Notes was issued by this bank between 1901 and 1935. This consisted of a total of 98,368 notes (81,416 large size and 16,952 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	3x10-20	1 - 3100
1882 Date Back	3x10-20	1 - 5800
1882 Value Back	3x10-20	5801 - 8953
1902 Plain Back	3x10-20	1 - 8301
1929 Type 1	6x10	1 - 1724
1929 Type 1	6x20	1 - 520
1929 Type 2	10	1 - 2690
1929 Type 2	20	1 - 798

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1901 - 1936):

Presidents:

• Henry Gerhart Moyer, 1901-1920
• Rev Charles B. Weaver, 1921-1935

Cashiers:

• Milton Conrad Pyle, 1901-1901
• Walter K. Terry, 1902-1935

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 Perkasie (Wikipedia)
• General information on Bucks County (Wikipedia)
• General information on Pennsylvania (Wikipedia)

Sources

• Perkasie, PA, Wikipedia, https://en.wikipedia.org/wiki/Perkasie,_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 Central News, Perkasie, PA, Thu., June 6, 1901.
• The Central News, Perkasie, PA, Thu., May 2, 1901.
• The Daily Item, Sunbury, PA, Thu., Feb. 10, 1955.
• The Gettysburg Times, Gettysburg, PA, Fri., Feb. 11, 1955.