Miners National Bank, Nanticoke, PA (Charter 13524)
Miners National Bank, Nanticoke, PA (Chartered 1931 - Open past 1935)
Town History
Nanticoke is a city in Luzerne County, Pennsylvania. As of the 2010 census, the population was 10,465, making it the third largest city in Luzerne County. The city can be divided into several sections: Honey Pot (northwestern Nanticoke), (northern and central Nanticoke), and Hanover Section (southeastern Nanticoke). It was once an active coal mining community. Today, the 167-acre main campus of Luzerne County Community College is located within the city.
The name Nanticoke was derived from Nentego ("tidewater people"), an Algonquian-speaking Native American people who moved to the Wyoming Valley from their Chesapeake Bay homelands. For quite some time, the tribe maintained a village in the valley before Europeans settled there. The nearby Nanticoke Creek, also named after the tribe, was once known as Muddy Run. In the 19th century, Nanticoke was carved out of Hanover Township and Newport Township. The settlement was incorporated as a village in 1830; Nanticoke was chartered by the Pennsylvania Legislature as a borough on January 31, 1874. Nanticoke experienced its greatest population increase between 1917 and 1925 due to anthracite coal mining. This allowed for it to qualify as a third class city.
Nanticoke had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized January 16, 1931
- Chartered January 30, 1931
- Conversion of The Miners Trust Company, Nanticoke, PA
- Bank was Open past 1935
- Merged with Miners National Bank of Wilkes-Barre in 1952
The Miners Trust Company was organized originally as the Polish Deposit Bank in August 1920. On May 1, 1923, it was reorganized as the Miners Trust Company located at 164 South Market Street. It had capital of $125,000 with a surplus of $150,000 and deposits of over $16 million. Emil Malinowski, president and trust officer, was largely responsible for the success of the Miners Trust Company. Emil was born in Poland in 1860 and emigrated to the united States in 1883. He had been the president of the Franklin Brewery and his son, John, succeeded him at the brewery. Mr. Malinowski was also a director in the Wilkes Barre Deposit and Savings Bank. John Karboski, second vice president, was one of the organizers and also served as Nanticoke's tax collector. M.J. Cannon, secretary, also managed the Nanticoke branch of Swift and Company. H.S. Twarowski, treasurer and cashier of the Miners Trust Company, received his first training in England then joined the Wilkes-Barre Deposit and Savings bank where he was employed for 21 years. Later he became the cashier of the Pennsylvania Bank and Trust Company of Wilkes-Barre which was formerly the Slavonic Bank. Prior to coming to Nanticoke, he was cashier of the West Side Trust Company of Kingston. The directors in 1924 were Harry L. Cimmet, Stanley Budzynski, Julius Hecht, B.W. Gorski, John L. Turner, John J. Williams, Dr. J.A. Hugo, J.J. Janowski, and Michael Lupcho.
A new Diebold vault for the Miners Trust Company for their new location on the corner of Market and Broad streets, Nanticoke, arrived on Friday, May 2, 1924. The vault weighed 75 tons with 1 1/2 inch laminated steel drill-proof plate with 18 inch walls of re-enforced concrete. It was equipped with a two combination lock and a four movement time clock with 24-3 1/2 inch bolts securing the door when locked. The vault contained 1500 safe deposit boxes and had a McClintock burglar alarm. The officers intended to move into the magnificent new building on July 1, 1924, if possible.
In 1929, the capital and surplus was increased to over one million dollars. National bank examiners conducted a thorough examination into the financial condition, safety, methods, etc., to determine the bank's eligibility to becoming a national bank. On January 30, 1931, The Miners Trust Company of Nanticoke became a member of the National Banking Association. The Comptroller of the Currency authorized the bank to begin business as the Miners National Bank of Nanticoke.
On January 11, 1933, the following were retained as directors by stockholders of Miners National Bank of Nanticoke: Carter Bache, M.J. Cannon, Harry Cimmett, Dr. J.F. Hill, Dr. J.A. Hugo, Robert B. Job, Emil Malinowski, Albert Reese, H.S. Twarowski, and John A. Clark. Officers re-elected were: Emil Malinowski, president; John Malinowski, vice president; Evan Jones, trust officer; Harry Cimmett, vice president; M.J. Cannon, secretary, and H.S. Twarowski, cashier.
In November 1952, a second merger of Luzerne County banks occurred. The Miners National Bank of Nanticoke with assets of about $6,500,000 was joined with the Wilkes-Barre Miners National Bank and became the second branch bank in Nanticoke known as the Nanticoke Broad Street Branch (located on the corner of Market and Broad Streets, the branch adopted the name of Market Street branch) of the Miners National Bank of Wilkes-Barre. It joined the Main Street branch created in August when The First National Bank of Nanticoke also merged with the Miners National Bank of Wilkes-Barre. Assets of the newly combined institution exceeded $64,000,000.
Official Bank Title(s)
1: The Miners National Bank of Nanticoke, PA
Bank Note Types Issued
A total of $1,072,450 in National Bank Notes was issued by this bank between 1931 and 1935. This consisted of a total of 130,440 notes (No large size and 130,440 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1929 Type 1 6x5 1 - 7416 1929 Type 1 6x10 1 - 4860 1929 Type 1 6x20 1 - 1498 1929 Type 2 5 1 - 28404 1929 Type 2 10 1 - 15125 1929 Type 2 20 1 - 4267
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1931 - 1936):
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 Nanticoke (Wikipedia)
- General information on Luzerne County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Nanticoke, PA, Wikipedia, https://en.wikipedia.org/wiki/Nanticoke,_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 Wilkes-Barre-Record, Wilkes-Barre, PA, Tue., Oct. 16, 1923.
- The Wilkes-Barre-Record, Wilkes-Barre, PA, Sat., May 3, 1924.
- The Evening News, Wilkes-Barre, PA, Sat., Jan. 31, 1931.
- The Wilkes-Barre Record, Wilkes-Barre, PA, Wed., Jan. 11, 1933.
- Wilkes-Barre Times Leader, The Evening News, Wilkes-Barre, PA, Thu., Aug. 14, 1952.
- Wilkes-Barre Times Leader, The Evening News, Wilkes-Barre, PA, Wed., Nov. 12, 1952.
- The Times-Tribune, Scranton, PA, Wed., Oct. 1, 1952.