Peoples National Bank, Shippensburg, PA (Charter 6946)
Peoples National Bank, Shippensburg, PA (Chartered 1903 - Closed (Merger) 1982)
Town History
Shippensburg is a borough in Cumberland and Franklin counties of south central Pennsylvania. Settled in 1730, Shippensburg lies in the Cumberland Valley, 41 miles southwest of Harrisburg, and is part of the Harrisburg–Carlisle Metropolitan Statistical Area. The population was 5,492 at the 2010 census. Of this number, 4,416 were in Cumberland County, and 1,076 were in Franklin County.
Shippensburg is the oldest community of the Cumberland Valley, and the second oldest west of the Susquehanna River in Pennsylvania (after York to the east). In July 1730, twelve Scots-Irish families came to the site of the present-day Shippensburg and built cabin homes along Burd's Run. Shippensburg began as the western outpost of colonial settlement.
The village received its name from Edward Shippen, a prominent resident of Lancaster (and onetime mayor of Philadelphia) who obtained the patent to the land from the heirs of William Penn. Edward Shippen's granddaughter, Peggy Shippen, was historically notable as the wife of General Benedict Arnold, who betrayed the Continental Army by defecting to the British during the American Revolutionary War.
Shippensburg was incorporated as a borough on January 21, 1819. In the past, there were furniture factories, engine and pump works, and other industrial works located within the town. Shippensburg is the home of the Beistle Company, the oldest manufacturer of decorations and party goods in the U.S. In May 2012, Volvo Construction Equipment began a $100 million expansion project to bring its American headquarters to Shippensburg.
Shippensburg University of Pennsylvania, one of 14 universities of the Pennsylvania State System of Higher Education, is located just north of the borough limits.
The first bank in Shippensburg was known as Farmers' & Mechanics' Bank. It preceded The First National Bank and was in business only a short time, but did issue notes. Known dates extend from 1862-1869. Andrew G. Miller was cashier and John Wunderlich was president. Isaac D. Geesaman served as Treasurer. Prior to the establishment of local banks, the Shippensburg Borough Council issued Bank Notes with a known note dated 1837 signed by I. Steinman, Town Clerk.
Shippensburg had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes. Those banks were The First National Bank, Charter 834 and The Peoples National Bank, Charter 6946. Shippensburg also had one Obsolete Bank, the Farmers' and Mechanics' that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).
Bank History
- Organized August 25, 1903
- Chartered September 5, 1903
- Opened for business September 15, 1903
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Dauphin Deposit Bank and Trust in Harrisburg, PA, October 1, 1982
In May 1903, the Comptroller of the Currency approved the application for the organization of the Peoples National Bank of Shippensburg, capital $50,000. The incorporators were: J.S. Omwake, G.B. Cole, G.W. Thrush, George W. Himes and A.A. Aughinbaugh. On May 14, 1903, the board of directors elected were: A.A. Aughinbaugh, George W. Himes, George B. Cole, George W. Thrush, J.S. Omwake, John A. Zullinger, W.S. Zeigler, D.G. Duncan and S.K. Clever. Mr. Aughinbaugh was elected president, George W. Himes, vice president; Howard A. Ryder, cashier; and James D. Robinson, assistant cashier.[1]
In August 1903, Howard A. Ryder, who had served as bookkeeper of the First National Bank of Greencastle for the past three years, was elected cashier of the Peoples National Bank. He entered upon his duties in Shippensburg on September 1st. Mr. Ryder had been an efficient and popular employee and goes to Shippensburg with the best wishes of his friends. On Tuesday morning, September 15, 1903, The Peoples National Bank of Shippensburg opened its doors informally for business with Howard Ryder, of Greencastle, as Cashier. The formal opening was held a few days later. The bank was located in the Shapley Block on East King Street and occupied a large and commodious room. The furniture and fixtures were made at W.S. Snoke’s planing mill, this place and were very artistic in appearance. The wood was of oak and beautifully carved and polished. The tables came from the factory of Boher & Philips. The bank was equipped with a No. 1 fire proof vault and on the inside stood a Manganese steel fire and burglar proof safe. The back of the banking room had the president's office and behind this office, the directors’ room; both being nicely fitted up with suitable furniture. A department has been fitted up for the convenience of the public. Patrons may retire to this room and transact business of a private character. The windows and door had iron gratings over them. The walls and ceiling, when finished, would harmonize beautifully with entire furnishings, the wall decorations being green and red figured paper.[2][3]
On January 10, 1906, at a meeting of the stockholders the following directors were elected for the ensuing year: George W. Thrush, George B. Cole, George W. Himes, J.S. Omwake, J.A. Zullinger, W.S. Zeigle, D.G. Duncan, S.K. Clever and A.A. Aughinbaugh.[4]
On Tuesday, January 13, 1920, stockholders elected the following directors: S.K. Clever, Frank Gates, D.G. Duncan, Geo. W. Himes; J.S. Omwake, Geo. W. Thrush, W.S. Zeigler, Geo. E. Hykes and J.E. Reisner. The directors of the Peoples National Bank met the next morning and organized as follows: Geo. W. Himes, President; Geo. W. Thrush, Vice President; Howard A. Ryder, Cashier; Errol F. Snoke, Assistant Cashier; Conrad E. Fogelsonger, Teller; Misses Emma Heller and Ruth M. Hershey, Bookkeepers.[5]
In 1921, the bank, requiring more space to conduct its business, moved into its new building designed by architect Robert A. Stair and built by Charles E. Cump. The completed building and equipment cost approximately $100,000.
In January 1925, stockholders elected the following directors: S.K. Clever, Frank Gates, David G. Duncan, George W. Himes J.S. Umwake. A.C Book, W.S. Ziegler, J.E. Reigner, W.M. Hykes, S.A. Angle, J.G. Early, M.L. Beistle, and Carl A. Naugle. The board elected the following officers: Geo. W. Himes, President; J.S. Omwake, Vice President; Howard A. Ryder, Cashier; Errol F. Snoke, Assistant Cashier; Conrad E. Fogelsonger, Teller; Calvin Rebok, Gen. Bookkeeper; and Misses Emma Heller and Ruth M. Hershey, Bookkeepers.[6]
In 1953, the bank celebrated its 50th anniversary. The Officers were Errol F. Snoke, President and Trust Office; Carl A. Naugle, Vice President; Harold U. Crouse, Cashier; Harold E. Killian, Assistant Cashier and Assistant Trust Officer; Donald M. Rine, Assistant Cashier; Richard H. Cramer, Teller; M. Louise Piper, Gen. Bookkeeper; Jean E. Merson, Louis B. Jones, Joyce P. Flohr, Bookkeepers; and Alverda F. Culberson, Stenographer. The directors for 1953 are shown in the table below along with their first year of election.[7]
| Director | Year of Election |
|---|---|
| A.R. Burkhart | 1949 |
| Mark E. Cockley | 1950 |
| R.M. Currens | 1927 |
| John G. Earley | 1924 |
| J. Paul Foglesanger | 1944 |
| H.E. Hoch | 1936 |
| John B. Hasfeld | 1949 |
| Carl A. Naugle | 1924 |
| Hilton A. Russell | 1950 |
| Errol F. Snoke | 1938 |
| Galen H. Gates | 1947 |
In 1985, Dauphin Deposit Bank and Trust Co. with headquarters in Harrisburg celebrated its 150th year. It had 50 offices in the region with $1.7 billion in assets. The bank began in September 1835 as Harrisburg Savings Institution. Growth in the past 30 years was fueled by mergers with Market Street Trust Co. (1955), Penbrook Banking Co. (1956), Carlisle Trust Co. and Peoples Bank (1957), Camp Curtain Trust Co. (1961), Lemoyne Trust Co. (1965), Peoples National Bank of Hanover (1966), First National Bank of Lebanon (1972), Peoples National Bank of Shippensburg (1982) and Southern Pennsylvania Bank of York (1982).[8]
Official Bank Title
1: The Peoples National Bank of Shippensburg, PA
Bank Note Types Issued
A total of $1,262,250 in National Bank Notes was issued by this bank between 1903 and 1982. This consisted of a total of 102,305 notes (65,020 large size and 37,285 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Red Seal 3x10-20 1 - 2560 1902 Date Back 3x10-20 1 - 4000 1902 Plain Back 3x10-20 4001 - 13695 1929 Type 1 6x10 1 - 4268 1929 Type 1 6x20 1 - 1076 1929 Type 2 10 1 - 4012 1929 Type 2 20 1 - 1209
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1903 - 1982):
Presidents:
Cashiers:
Other Bank Note Signers
- Jeremiah S. Omwake, Vice President 1925
- There are currently no known Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Shippensburg (Wikipedia)
- General information on Cumberland County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Shippensburg, 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
- ↑ Franklin Repository, Chambersburg, PA, Tue., May 12, 1903.
- ↑ Public Opinion, Chambersburg, PA, Thu., Aug 13, 1903.
- ↑ The Shippensburg Chronicle, Shippensburg, PA, Thu., Sep. 17, 1903.
- ↑ Harrisburg Daily Independent, Harrisburg, PA, Fri., Jan. 12, 1906.
- ↑ Carlisle Evening Herald, Carlisle, PA, Thu., Jan. 15, 1920.
- ↑ The Sentinel, Carlisle, PA, Thu., Jan. 15, 1925.
- ↑ The News-Chronicle, Shippensburg, PA, Tue., July 14, 1953.
- ↑ York Daily Record, York, PA, Fri., Oct. 18, 1985.