Spring Valley National Bank, Spring Valley, OH (Charter 7896)
The Spring Valley National Bank of Spring Valley, OH (1905 - 1955) was the only national bank to serve the small farming community of Spring Valley in Greene County.
Early History
Spring Valley National Bank was founded on September 12, 1905 with the minimum $25,000 required capital. It originally operated out of a rented building, but in 1910 was able to construct its own building on lot no. 4, Pike Street. [1] The Spring Valley National Bank primarily served Spring Valley and Bellbrook residents. [2]
Bank History
In 1917, the bank brokered the sale of $24,000 in bonds for the Spring Valley Township Rural School District. The proceeds of the bonds were to be used for building an additional school building, furnishing seats, black boards, and heating and ventilating systems for the two buildings.[3]
In 1955, the Spring Valley National Bank merged with the nearby Citizens First National Bank of Xenia. The combined institution held assets of $9,262,552.61. [4]
The bank building pictured above was remodeled in 1970.[5]
A bank employee recollected in 1976 a time some point after the merger when workmen accidentally triggered the tear gas bomb in the Spring Valley branch. The effects apparently did not subside for several days. [6]
Bank Notes Issued
A total of $164,210 in National Bank Notes was issued by this bank between 1905 and 1935. This consisted of a total of 13,126 notes (10,684 large size and 2,442 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 - 450 1902 Date Back 3x10-20 1 - 920 1902 Plain Back 3x10-20 921 - 2221 1929 Type 1 6x10 1 - 303 1929 Type 1 6x20 1 - 104
Official Bank Title(s)
- Spring Valley National Bank
Bank Presidents and Cashiers
First National Bank Presidents and Cashiers during the National Bank Note Era (1889 - 1935):
Presidents:
- Fremont Miars, 1906 – 1908
- J. Leigh Harper, 1909 – 1912
- P. A. Alexander, 1913 – 1917
- Wayne Craft Smith, 1918 – 1940
Cashiers:
- W. W. Whiteker, 1906 – 1917
- William Evans Crites, 1918 – 1933
- H. G. Williamson, 1934 – 1935
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Ohio Bank Note History
- General information on Spring Valley (Wikipedia)
- General information on Greene County (Wikipedia)
- General information on Ohio (Wikipedia)
References
- 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://bbdata.banknotehistory.com