Tipp National Bank, Tippecanoe City, OH (Charter 3004)
Tipp National Bank, Tippecanoe City, OH (Chartered 1883 - Open past 1935)
Town History
Tipp City is a city in Miami County, Ohio, just outside Dayton. The population was 9,689 at the 2010 census. Originally known as Tippecanoe, and then Tippecanoe City, it was renamed to Tipp City in 1938 because another town in Ohio was likewise named Tippecanoe. The city lies in the Miami Valley and sits along Interstate 75 near the Interstate 70 interchange.
Tippecanoe City was founded in 1840 along the developing Miami and Erie Canal. Its name derives from Presidential candidate William Henry Harrison's nickname, Tippecanoe, which, in turn, was derived from his heroism at the Battle of Tippecanoe, November 7, 1811.
Tippecanoe City had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized February 24, 1883
- Chartered July 16, 1883
- 1: Assumed 8839 by consolidation and assumed its circulation December 1, 1934 with title change (Citizens National Bank, Tippecanoe City, OH)
- Bank was Open past 1935
On March 19, 1883, the directors of the Tipp National Bank met in the office of W.W. Crane, and elected A.W. Miles, Cashier. Mr. Miles was postmaster of Tippecanoe City. The bank building would shortly be commenced on the lot occupied by W.W. Crane's residence. The remainder of the lot would be used for two fine business rooms by Wm. W. Crane. The bank officials expected to be ready to commence business about July 1st, or shortly after.
In January 1909, the directors were T.C. Leonard, William Ashworth, J.W. Bowman, A.W. Miles, E.L. Crane, W.E. Crane, and A.L Harshberber. The officers were T.C. Leonard, president; E.L. Crane, vice president; A.W. Milles, cashier and E.L. Crane, assistant cashier.
On October 8, 1933, Thomas C. Leonard, 83, president of Tipp National died after a long illness due to paralysis. Mr. Leonard was born in Covington, December 25, 1849. In 1875, he married Mary Ann Rohrer, daughter of Jacob and Elizabeth Kendig Rohrer and they moved to Tippecanoe City the following year. He took over management of the Ford Wheel Works where his father-in-law was president. In 1908, T.C. Leonard succeeded his father-in-law as president of the Tipp National Bank.
In October 1934, directors of the Tipp National Bank and the Citizens National Bank of Tippecanoe City approved plans for consolidation. The new institution would be known as the Tipp-Citizens National Bank of Tippecanoe City with capital of $50,000, surplus of $50,000 and undivided profits of $10,000. The directorate would be composed of the combined boards of the two merged banks. Officers of the merged institution would be named at a meeting of directors to be held soon. Details for effecting the merger had been approved by the comptroller of currency and chief national bank examiner from Cleveland. B.E. Detrick was president of the Citizens National and Kenneth Trost, cashier.
On December 3, 1934 organization of the Tipp-Citizens National Bank was completed and the new institution opened for business. E.L. Crane, president of the Tipp National Bank was named president, B.E. Detrick, vice president; M.T. Staley, cashier; Kenneth Trost, first assistant cashier; Paul Ruby, second assistant cashier; Maurice Kreider, teller; and James Wick and Robert Jackson, bookkeepers. The removal of equipment from the rooms of the Tipp National Bank on the south side of the street began on Saturday after the close of the bank and continued Sunday with the result that everything was ready Monday morning for the opening in what was the Citizens bank building. The two banks were in close proximity with the Citizens located on the north side of Main. The Tipp National Bank was organized and built its building in 1883. The Citizens National Bank was organized in 1907 and the same year built its modern banking home. Its first president was S.R. Fergus and he was succeeded in turn by Dr. S.D. Hartman, A.R. Garver, and B.E. Detrick. C.O. Davis was cashier from the first until his death a few years ago when the vacancy was filled by Kenneth Trost.
In June 1936, the Monroe Federal Savings and Loan Association announced it would be located in the former Tipp National Bank building which the association purchased and was remodeling.
On September 9, 1963, the merger of three Miami County banks combining assets of more than $20 million was announced. Involved were Citizens National Bank and Turst Company of Piqua, Troy's Citizens Bank and Tipp City's Tipp-Citizens National Bank. The proposed name of the new bank was Miami Citizens National Bank and Trust Company. On Monday, December 23rd, Comptroller of the Currency James J. Saxon approved the merger. The new bank would operate under the national charter of the Piqua institution, No. 1061, oldest of the three banks dating back to April 26, 1865.
Official Bank Title(s)
1: The Tipp National Bank of Tippecanoe City, OH
2: 2nd title not used on notes: The Tipp-Citizens National Bank of (12/1/1934) , Tippecanoe City, OH
Bank Note Types Issued
A total of $699,010 in National Bank Notes was issued by this bank between 1883 and 1935. This consisted of a total of 90,780 notes (72,556 large size and 18,224 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1: 1882 Brown Back 4x5 1 - 3892 1: 1882 Brown Back 3x10-20 1 - 252 1: 1902 Red Seal 3x10-20 1 - 1150 1: 1902 Date Back 4x5 1 - 2300 1: 1902 Date Back 3x10-20 1 - 1760 1: 1902 Plain Back 4x5 2301 - 7735 1: 1902 Plain Back 3x10-20 1761 - 5110 1: 1929 Type 1 6x5 1 - 1582 1: 1929 Type 1 6x10 1 - 796 1: 1929 Type 1 6x20 1 - 236 1: 1929 Type 2 5 1 - 2020 1: 1929 Type 2 10 1 - 317 1: 1929 Type 2 20 1 - 203
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1883 - 1935):
Presidents:
- Samuel Sullivan, 1883-1890
- Jacob Rohrer, 1891-1907
- Thomas Corwin Leonard, 1908-1932
- Edward Lewis Crane, 1933-1935
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Tippecanoe City, 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
- The Dayton Herald, Dayton, OH, Fri., Mar. 23, 1883.
- The Dayton Herald, Dayton, OH, Thu., Jan. 14, 1909.
- Dayton Daily News, Dayton, OH, Mon., Oct. 9, 1933.
- The Dayton Herald, Dayton, OH, Fri., Oct. 5, 1934.
- The Piqua Daily Call, Piqua, OH, Fri., Nov. 9, 1934.
- The Piqua Daily Call, Piqua, OH, Tue., Dec. 4, 1934.
- Dayton Daily News, Fri., Dayton, OH, June 5, 1936.
- Dayton Daily News, Dayton, OH, Fri., July 24, 1953.
- The Journal Herald, Dayton, OH, Tue., Sep. 10, 1963.
- Dayton Daily News, Dayton, OH, Tue., Dec. 24, 1963.