First National Bank at Canonsburg, PA (Charter 13813)
First National Bank at Canonsburg, PA (Chartered 1933 - Open past 1935)
Town History
Canonsburg is a borough in Washington County, Pennsylvania, 18 miles southwest of Pittsburgh. Canonsburg was laid out by Colonel John Canon in 1789 and incorporated in 1802. The town lies in a rich coal district, and most of the town's work force once worked in local steel mills or coal mines. Interstate 79 and U.S. Route 19 pass through the town, as does the Pittsburgh and Ohio Central Railroad. A trolley used to operate from Washington, Pennsylvania to Pittsburgh through the borough until 1953. The population was 9,735 at the 2020 census. In 1890 the population was 2,113, peaking in 1940 at 12,599.
Canonsburg was the home of Jefferson College from its inception until it was moved in 1865 to Washington, Pennsylvania, and merged with Washington College, an act bitterly opposed by the people of the former place. The Jefferson Academy in some measure took the place of the old college. Here also flourished the Associate Reformed Theological Seminary and the Ladies' Seminary.[1]
The town is home to Sarris Candies and All-Clad Metalcrafters, makers of cookware and other bonded metals. It is adjacent to the Southpointe office park located in Cecil Township, which has a number of large corporate tenants. Yenko Chevrolet, one of largest and most notable custom muscle car shops of the late-1960s and early-1970s, was also located in Canonsburg. Canonsburg is home to the Pittsburgh Cougars junior hockey league team.
Canonsburg had two National Banks chartered during the Bank Note Era, The First National Bank of Canonsburg (Charter 4570) and The First National Bank at Canonsburg (Charter 13813), and both of those banks issued National Bank Notes.
Bank History
- Organized September 19, 1933
- Chartered October 21, 1933
- Will succeed 4570 The First National Bank of Canonsburg, Pennsylvania, now in the hands of a conservator
- Bank was Open past 1935
On Saturday, March 4, 1933, notice that the Citizens Trust Co., and First National Bank of Canonsburg and the First National Bank of Houston would observe the general state-wide legal. bank holiday declared by Governor Pinchot effective for two banking days. The purpose was to protect all institutions of the state against fear and hysteria that might follow similar holidays in adjacent states, particularly New York and Maryland. Bank holidays in those states would have thrown the financial burden of the east on Pennsylvania and to avoid this the Pennsylvania Governor acted Friday morning.[2] The First National Bank of Canonsburg (Charter 4570) was reopened but under the restricted class.[3]
On October 21, 1933, the old First National was reorganized and opened as the First National Bank at Canonsburg, Charter 13813.[4] George D. McNutt, president and conservator of the old bank was elected president of the new institution and also would remain in charge of the old bank's affairs until liquidation was completed. The old bank had more than $2,000,000 in deposits when it closed during the bank holiday. Opening of the reorganized bank freed up more than $1,200,000 in deposits. The new bank had capital of $200,000 and surplus of $50,000.[5]
Official Bank Title
1: The First National Bank at Canonsburg, PA
Bank Note Types Issued
A total of $123,840 in National Bank Notes was issued by this bank between 1933 and 1935. This consisted of a total of 9,876 notes (No large size and 9,876 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1929 Type 2 10 1 - 7368 1929 Type 2 20 1 - 2508
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1933 - 1935):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Canonsburg, 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://spmc.org/bank-note-history-project