Ohio National Bank, Columbus, OH (Charter 5065)

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Postcard of the Ohio National Bank of Columbus, postmarked 1913. Courtesy of Heritage Auctions, www.ha.com

Ohio National Bank, Columbus, OH (Chartered 1897 - Closed (Merger) 1998)

Town History

Postcard of the interior of the Ohio National Bank, ca1910s. Courtesy of Heritage Auctions, www.ha.com

Columbus is the state capital and the most populous city in the state of Ohio. With a population of 905,748 for the 2020 census, it is the 14th-most populous city in the United States. Columbus is the county seat of Franklin County, and also extends into Delaware and Fairfield counties. The population of Columbus was 18,554 in 1860, growing to 290,564 in 1930.

Columbus originated as numerous Native American settlements on the banks of the Scioto River. Franklinton, now a city neighborhood, was the first European settlement, laid out in 1797. The city was founded in 1812, at the confluence of the Scioto and Olentangy rivers, and laid out to become the state capital. The city was named for Italian explorer Christopher Columbus. The city assumed the function of state capital in 1816 and county seat in 1824.

Columbus had 17 National Banks chartered during the Bank Note Era, and 16 of those banks issued National Bank Notes. Columbus also had five Obsolete Banks that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

  • Organized February 4, 1897
  • Chartered April 29, 1897
  • Assumed The First Citizens Trust Company, Columbus by consolidation September 30, 1931
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into National City Bank in Cleveland, OH, February 1, 1998

On January 23, 1897, the application of Emil Kiesewetter, Isaac Eberly, Louis Siebert, Edward M. Movar, John Siebert, Fred Lazarna, Philip Lindenberger, Alex W. Krumm and Conrad Barn for authority to organize the Ohio National Bank of Columbus, Ohio, with a capital of $400,000, was approved.[1]

In February 1900, the comptroller of the currency approved the following changes in officers of the Ohio National Bank: E. Kiesewetter and C.F. Myers, vice presidents in place of Alexander W. Krumm and Isaac Elberty; L.F. Kiesewetter, cashier, in place of Emil Kiesewetter; Henry Deeg, assistant cashier in place of L.F. Kiesewetter.[2]

The report of condition at the close of business, June 23, 1909, showed total resources of $5,925,575.32. John Siebert, Fred Lazarus and E.A. Cole were directors attesting to the correctness of the report, and L.F. Kiesewetter was cashier. The bank commence business on May 15, 1897. The table below shows the increases in the capital, surplus and profits as well as total deposits over a 12-year period from 1897 to 1912.[3]

Growth of the Ohio National Bank
Date Capital, Surplus and Profits Total Deposits
July 23, 1897 $328,159.12 $766,546.24
June 30, 1899 $445,999.70 $1,562,580.60
July 15, 1901 $511,536.54 $2,514,552.47
June 9, 1903 $544,620.43 $3,220,127.15
May 29, 1905 $593,813.07 $3,681,975.28
May 20, 1907 $663,782.42 $4,366,806.65
June 23, 1909 $713,666.07 $4,735,874.05

On September 11, 1916, Louis F. Kiesewetter, vice president of the Ohio National Bank resigned to accept the position of vice president of the Bank of New York, National Banking Association. Mr. Kiesewetter had been connected with the bank since 1888. The resignation was effective September 30, but Mr. Kiesewetter would retain his position as director until the annual meeting in January.[4] 

On September 19, 1929, a bank holding company was introduced to Ohio with the incorporation of the BancOhio Corp., a $12,000,000 Columbus organization formed to acquire and hold interests in sound financial institutions. This followed announcement of the Marine Midland Corp. in New York State with capital sufficient to handle a $1,000,000,000 corporation.  A similar organization was formed in Minnesota to hold control of 34 banks in that state. The BancOhio Corp. had authorized capital of 600,000 shares of $20 par of which 187,500 shares would be issued in exchange for shares of the First Citizens Trust Co. and 135,000 in exchange for shares of the Ohio National Bank, and Otis & Co. planned to offer 120,000 shares at a price yet to be named. Boards of both Columbus banks would continue to function separately. The directors were chosen from the boards of the two banks; directors of BancOhio Corp. were Julius F. Stone, Charles R. Shields, Edgar T. Wolfe, George J. Karb, H.P. Wolfe, Emil Hoster, Robert H. Wolfe, Edwin Buchanan, I.F. Wells, John A. Kelley, and Walter A. Fox.[5]

In January 1931, the directors were Edwin Buchanan, president; Arthur E. Campbell, treasurer, Dispatch Printing Co.; James T. Carroll, publisher, Cath. Columbian; Fred J. Heer, president, F.J. Heer Ptg. Co.; Emil W. Hoster, Treas., Hoster Realty Co.; George J. Karb, capitalist; Charles S.M. Krumm, attorney; H.B. Spain, president, Seagrave Corp.; Will J. Thompson, Jr., vice president, BancOhio Securities Co.; H. Preston Wolfe, The Ohio State Journal Co.; L. Francis Wells, vice president. The officers were Edwin Buchanan, president; L. Francis Wells, vice president; Neath O. Jones, vice president and trust officer; George H. Mock, vice president; Alex W. Krumm, vice president and cashier; Albert E. French, John J. Tierney, Fred E. Zuber, and Raymond Link, assistant vice presidents; Henry Lorenz, assistant cashier and auditor; Herbert F. Albers, Frank T. Kronenbitter, and Thomas E. Murtha, assistant cashiers. BancOhio Corporation had ten affiliated banks including the Ohio National Bank and First Citizens Trust Company of Columbus. Officers of BankcOhio Corporation were Julius F. Stone, president; John A. Kelley, executive vice president; Edwin Buchanan, vice president; J.B. Cartmell, vice president; Robert T. Crew, secretary-treasurer; John Blanpied, assistant secretary and treasurer; Fred E. Zuber, assistant secretary and treasurer; and O.W. Powers, comptroller.[6]

On August 24, 1931, announcement was made of the consolidation of the Ohio National Bank and the First Citizens Trust Company. Total resources of the bank were estimated at $56,000,000 and the capital, surplus and undivided profits were more than $7,500,000. The new bank would retain the name of the Ohio National Bank. Edwin Buchanan was president and Charles R. Shields, chairman of the board of directors.[7] The First Citizens Trust Company was formed in April 1928 upon the merger of the Citizens Trust and Savings Bank and the First National Bank of Columbus (Charter 4443), resulting in a bank with total resources in excess of $40,000,000.[8]

On July 1, 1979, the largest merger of banks in the nation's history occurred when 40 BancOhio Corp. banks merged into one statewide institution creating Ohio's first statewide bank. This was the culmination of 3-years of planning by the Columbus-based holding company and its subsidiary banks designed to create a bank with sufficient resources to meet the economic needs of the sixth most populous state. The new bank, BancOhio National Bank would be approximately the 34th largest in the country according to Robert G. Stevens, chairman and chief executive officer. The corporations' lead and largest bank prior to the merger, Ohio National Bank of Columbus, was ranked 86th by Moody's Bank and Finance Manual. With a lending limit of nearly $30 million to a single customer, BankOhio National would have assets of about $4.2 billion.[9]

  • 06/28/1976 Main Office moved to 155 East Broad Street, Columbus, OH 43265.
  • 06/30/1979 Changed Institution Name to BancOhio National Bank.
  • 06/30/1979 Acquired The Citizens National Bank in Zanesville (FDIC #6740) in Zanesville, OH.
  • 06/30/1979 Acquired The First National Bank of Washington Court House (FDIC #6724) in Washington Court House, OH.
  • 06/30/1979 Acquired The First National Bank of Springfield (FDIC #6701) in Springfield, OH.
  • 06/30/1979 Acquired The National Bank of Portsmouth (FDIC #6678) in Portsmouth, OH.
  • 06/30/1979 Acquired The Niles Bank Company (FDIC #9863) in Niles, OH.
  • 06/30/1979 Acquired The Perry County Bank (FDIC #12281) in New Lexington, OH.
  • 06/30/1979 Acquired The Community Bank (FDIC #15280) in Napoleon, OH.
  • 06/30/1979 Acquired The Adams Bank (FDIC #9446) in Millersburg, OH.
  • 06/30/1979 Acquired The First National Bank of Marysville (FDIC #15401) in Marysville, OH.
  • 06/30/1979 Acquired The First National Bank of London (FDIC #6627) in London, OH.
  • 06/30/1979 Acquired The Hocking Valley National Bank of Lancaster (FDIC #6620) in Lancaster, OH.
  • 06/30/1979 Acquired The First National Bank of Jackson (FDIC #6610) in Jackson, OH.
  • 06/30/1979 Acquired The Peoples National Bank of Greenfield (FDIC #6595) in Greenfield, OH.
  • 06/30/1979 Acquired The Peoples Savings Bank Company (FDIC #752) in Delta, OH.
  • 06/30/1979 Acquired The Ohio State Bank of Dayton (FDIC #19727) in Dayton, OH.
  • 06/30/1979 Acquired The Capital National Bank (FDIC #9429) in Cleveland, OH.
  • 06/30/1979 Acquired The First National Bank of Chillicothe (FDIC #6545) in Chillicothe, OH.
  • 06/30/1979 Acquired The Cummings Bank Company (FDIC #12276) in Carrollton, OH.
  • 06/30/1979 Acquired The First National Bank of Cadiz (FDIC #6536) in Cadiz, OH.
  • 06/30/1979 Acquired Akron National Bank (FDIC #12979) in Akron, OH.
  • 03/01/1980 Acquired The Citizens Bank of Shelby (FDIC #774) in Shelby, OH.
  • 09/01/1981 Acquired State Bank and Trust Company of Lake County (FDIC #21059) in Mentor, OH.
  • 10/10/1986 Acquired National City Bank, Marion (FDIC #6634) in Marion, OH.
  • 02/16/1991 Acquired Buckeye National Bank (FDIC #27689) in Columbus, OH.
  • 03/29/1993 Changed Institution Name to National City Bank, Columbus.
  • 04/15/1996 Changed Institution Name to National City Bank of Columbus.
  • 02/01/1998 Merged and became part of National City Bank (FDIC #6557) in Cleveland, OH.
  • 11/06/2009 Merged and became part of PNC Bank, National Association (FDIC #6384) in Wilmington, DE.

Official Bank Title

1: The Ohio National Bank of Columbus, OH

Bank Note Types Issued

1882 Brown Back $5 bank note with pen signatures of L.F. Kiesewetter, Cashier and John Siebert, President. Courtesy of Heritage Auctions, www.ha.com
1882 Date Back $20 bank note with stamped signatures of L.F. Kiesewetter, Cashier and E. Kiesewetter, President. This is a Variety 3 over 1 Battle of Lexington Vignette. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $5 bank note with Repeater SN and printed signatures of A.W. Krumm, Cashier and F.L. Stein, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 1 $10 bank note with SN A000001A and printed signatures of Alexander W. Krumm, Cashier and Edwin Buchanan, President. Courtesy of Heritage Auctions, www.ha.com
1929 Type 2 $10 bank note with an inverted back error and printed signatures of L.A. Stoner, Cashier and Edwin Buchanan, President. Courtesy of Heritage Auctions, www.ha.com

A total of $13,208,620 in National Bank Notes was issued by this bank between 1897 and 1935. This consisted of a total of 1,609,932 notes (1,128,316 large size and 481,616 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 4x5 1 - 15200
1882 Brown Back 3x10-20 1 - 18420
1882 Date Back 4x5 1 - 31317
1882 Date Back 3x10-20 1 - 20841
1902 Plain Back 4x5 1 - 118021
1902 Plain Back 3x10-20 1 - 78280
1929 Type 1 6x5 1 - 28654
1929 Type 1 6x10 1 - 19044
1929 Type 1 6x20 1 - 6076
1929 Type 2 5 1 - 90288
1929 Type 2 10 1 - 51569
1929 Type 2 20 1 - 17115

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1897 - 1935):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

  • Columbus, OH, 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
  1. ↑ The Cincinnati Enquirer, Cincinnati, OH, Sat., Jan. 23, 1897.
  2. ↑ The Plain Dealer, Cleveland, OH, Tue., Feb. 20, 1900.
  3. ↑ Columbus Evening Dispatch, Columbus, OH, Fri., June 25, 1909.
  4. ↑ The Cincinnati Enquirer, Cincinnati, OH, Tue., Sep. 12, 1916.
  5. ↑ The Plain Dealer, Cleveland, OH, Fri., Sep. 20, 1929.
  6. ↑ The Zanesville Signal, Zanesville, OH, Thu., Jan. 8, 1931.
  7. ↑ The Times Recorder, Zanesville, OH, Tue., Aug. 25, 1931.
  8. ↑ The Lima Morning Star and Republican-Gazette, Lima, OH, Wed., Apr. 11, 1928.
  9. ↑ Lancaster Eagle-Gazette, Lancaster, OH, Sat., June 30, 1979.
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