Quarryville National Bank, Quarryville, PA (Charter 3067)
Quarryville National Bank, Quarryville, PA (Chartered 1883 - Open past 1935)
Town History
Quarryville is located in southern Lancaster County. U.S. Route 222 passes through the borough, leading northwest 14 miles to Lancaster, the county seat, and south 17 miles to U.S. Route 1 in Conowingo, Maryland. Pennsylvania Route 372 (State Street) also passes through Quarryville, leading east 16 miles to Parkesburg and west 11 miles to its crossing of the Susquehanna River near Holtwood. Pennsylvania Route 472 (South Lime Street) leads southeast from Quarryville 13 miles to Oxford. The borough is drained by the headwaters of the South Fork of Big Beaver Creek, a northwest-flowing tributary of Pequea Creek, itself a tributary of the Susquehanna River. In 1880, the population was 346 growing to 1,028 by 1930, and 2,852 by 2020.
The land which became Quarryville Borough was originally located within Providence Township and was the property of a John ("Swamp John") Groff. There was a stone quarry adjacent to the village where many of the workers lived. This village became larger as the work force grew, hence the town acquired the name "Quarryville". Locals say that one day the men went to lunch and returned to find the quarry half-full of water. The quarry site remains, now full of water.
Quarryville had two National Banks chartered during the Bank Note Era, The Quarryville National Bank (Charter 3067) and The Farmers National Bank (Charter 8045). Both of those banks issued National Bank Notes.
Bank History
- Organized May 5, 1883
- Chartered October 26, 1883
- Bank was Open past 1935
- Merged with Lancaster County National Bank of Lancaster, Pennsylvania (Charter 683) in December 1961
On May 5, 1883, a meeting of the stockholders of the Quarryville National Bank was held in Quarryville Hall. Fifty of the nearly one hundred subscribers were present, and considerably more than half the capital stock subscribed, $60,000, was represented. Fully $50,000 more in stock was solicited by outside parties, or those not living in the vicinity, but the persons who projected the enterprise declined the offer, preferring to have the stock among those only who were to be the customers of the bank. The meeting organized with James Collins as president and F. W. Helm, secretary. Its object was stated, the national banking law relating to organization was read, and the articles of association and organization certificate were signed by those present, after which the shareholders elected directors. The following were chosen unanimously: Geo. W. Hensel, Quarryville, Eden township; Robert Montgomery, Eden township; C.M. Hess, Drumore; Thos. E. Ambler, Bethesda, Martic township; E. M. Stauffer, Chestnut Level; Sanders McSparran, Peters' Creek; Dr. John Martin, Bart; J. Penrose Ambler, Goshen; Frank W. Helm, New Providence. The Board of Directors organized by electing George W. Hensel, esq., president, and F.W. Helm, secretary. The bank planned to erect a new bank building, but had not selected a site.
On Tuesday, January 9, 1900, the directors elected were Frank W. Helm, J.P. Ambler, J.J. Coulter, L. Russel Ambler, John H. Bair, Thos. K. Pusey, Neal Hambleton, Forest Preston, and G.W. Hensel, Jr. The officers were F.W. Helm, president; L.R. Ambler, vice president; and A.S. Harkness, cashier.
In January 1918, the directors elected were Noah Hambleton, Forrest Preston, Dr. Charles Helm, Harry C. Bair, George W. Hensel, Jr., A.S. Harkness, and M.D. Montgomery. The officers were George W. Hensel, president; L.R. Ambler, vice president; and A.S. Harkness, cashier.
In March 1929, the officers were George W. Hensel, Jr., President; L. Russel Ambler, Vice President; Thomas R. Ankrim, Secretary; and A.S. Harkness, Cashier. The directors were Neal Hambleton, George W. Hensel, Jr., L. Russel Ambler, Dr. Chas. E. Helm, Thomas R. Ankrim, M.D. Montgomery, Chas. L. Ambler, A.S. Harkness, Harry C. Bair, and Frank M. Greenleaf.
In December 1961, the comptroller of the currency approved the merger of the Quarryville National Bank into the Lancaster County National Bank of Lancaster, Pennsylvania.
The Lancaster County National Bank during 1949 also acquired the Northern Bank and Trust Co. at 138 N. Queen Street. In 1957 the Bridgeport Branch was built. This was followed in 1961 by merger with Quarryville National Bank. In 1962 the fifth and sixth branches were opened under the County Bank name. These, before merger, were the First National Bank and Trust of Mount Joy and its Florin branch. The most recent Lancaster bank merger was not yet complete; the Conestoga National Bank shareholders and those of the Lititz Springs Bank would vote on this latest merger. Total assets of the resulting bank would be $45,868,982 with capital of $5,045,267 according to a recent announcement from Conestoga, which had one other branch in Millersville. The fourth major banking institution in Lacaster County was Farmers Bank and Trust Co. of Lancaster, which to date had not taken an active part in the merger trend. It maintained branch banks at Manor Street and New Holland Avenue locations.
In August 1962, both the Lancaster County National Bank and the Fulton National Bank ranked among the largest 600 banks in the nation. The combined assets of the County Bank as of June 30, 1962 were $56,573,669. The Fulton, which for many years overshadowed all Lancaster County financial institutions in total assets, stated its total resources on Dec. 30, 1961 as $51,680,511 with trust assets in excess of $32 million. Since that date the Fulton acquired Gap National Bank with total resources of $3,905,928. The Fulton was the first county bank to institute branch banking in 1948 when it opened a Mountville branch, formerly Mountville National Bank. Since that time it built a branch on McGovern Avenue (1952), merged with the East Petersburg State Bank (1955), merged with the Akron bank (1955), and in July acquired the Gap National Bank as its fifth branch. The Lancaster County National Bank in 1949 opened the first branch bank in the city and started the drive-in window for Lancaster banking with the building at James and Prince Streets and Old Harrisburg Pike. The former lumber company was converted to an attractive colonial style banking facility complete with a two-buggy shed where farmers could park while doing business.
Official Bank Title(s)
1: The Quarryville National Bank, Quarryville, PA
Bank Note Types Issued
A total of $1,249,200 in National Bank Notes was issued by this bank between 1883 and 1935. This consisted of a total of 100,728 notes (84,156 large size and 16,572 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 - 3622 1902 Red Seal 3x10-20 1 - 2650 1902 Date Back 3x10-20 1 - 5200 1902 Plain Back 3x10-20 5201 - 14767 1929 Type 1 6x10 1 - 1864 1929 Type 1 6x20 1 - 460 1929 Type 2 5 1 - 312 1929 Type 2 10 1 - 1767 1929 Type 2 20 1 - 549
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1883 - 1936):
Presidents:
- George Washington Hensel, (Sr.), 1884-1892
- Frank W. Helm, 1893-1909
- George Washington Hensel, Jr., 1910-1935
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 Quarryville (Wikipedia)
- General information on Lancaster County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Quarryville, PA, Wikipedia, https://en.wikipedia.org/wiki/Quarryville,_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 Semi-Weekly New Era, Lancaster, PA, Sat., May 12, 1883.
- The News-Journal, Lancaster, PA, Wed., Jan. 10, 1900.
- Lancaster New Era, Lancaster, PA, Tue., Jan. 8, 1918.
- Lancaster New Era, Lancaster, PA, Sat., Mar. 16, 1929.
- The Express, Lock Haven, PA, Wed., Dec. 20, 1961.
- Intelligencer Journal, Lancaster, PA, Thu., Aug. 16, 1962.