Union National Bank, Scranton, PA (Charter 8737)

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Scranton National Bank on the corner of Lackawanna and Washington Avenues, Scranton, Pennsylvania, ca2022. This was the former Union National Bank building.
Scranton National Bank on the corner of Lackawanna and Washington Avenues, Scranton, Pennsylvania, ca2022. This was the former Union National Bank building. Courtesy of Google Maps

Union National Bank, Scranton, PA (Chartered 1907 - Receivership 1934)

Town History

This could be recent photo of the bank or another postcard. (Set Height x300px)

Scranton is located in Lackawanna County.

Scranton had 10 National Banks chartered during the Bank Note Era, and eight of those banks issued National Bank Notes.

Bank History

  • Organized May 4, 1907
  • Chartered Jun 10, 1907
  • Opened for business Jul 1, 1907
  • Conservatorship Mar 15, 1933
  • Receivership Feb 21, 1934

On May 17, 1933, a reorganization of the Union National Bank which would immediately free 50% of deposits was announced by W.W. McCulloch, president of the institution. The reorganization called for the establishment of a new bank to be known as the Scranton National Bank, was agreed upon to meet the situation arising from the delay in licensing the bank since the bank holiday declared by President Roosevelt.

Official Bank Title(s)

1: The Union National Bank of Scranton, PA

Bank Note Types Issued

1902 Red Seal $10 bank note with stamped signatures of F.W. Wollerton, Cashier and W.L. Connell, President.
1902 Red Seal $10 bank note with stamped signatures of F.W. Wollerton, Cashier and W.L. Connell, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1902 Plain Back $5 bank note with engraved signatures of William W. McCulloch, Cashier and F.W. Wollerton, President.
1902 Plain Back $5 bank note with engraved signatures of William W. McCulloch, Cashier and F.W. Wollerton, President. Courtesy of Heritage Auctions, www.heritage.com
1929 Type 1 $10 bank note with printed signatures of Sebert Wenzel, Cashier and W.W. McCulloch, President.
1929 Type 1 $10 bank note with printed signatures of Sebert Wenzel, Cashier and W.W. McCulloch, President. Courtesy of Heritage Auctions, www.ha.com

A total of $10,336,640 in National Bank Notes was issued by this bank between 1907 and 1934. This consisted of a total of 1,296,878 notes (1,051,964 large size and 244,914 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 4x5 1 - 6000
1902 Red Seal 3x10-20 1 - 4800
1902 Date Back 4x5 1 - 36500
1902 Date Back 3x10-20 1 - 27000
1902 Plain Back 4x5 36501 - 152202
1902 Plain Back 3x10-20 27001 - 99989
1929 Type 1 6x5 1 - 21246
1929 Type 1 6x10 1 - 12154
1929 Type 1 6x20 1 - 3032
1929 Type 2 5 1 - 15686
1929 Type 2 10 1 - 8846
1929 Type 2 20 1 - 1790

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1907 - 1934):

Presidents:

Cashiers:

Other Bank Note Signers

  • There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

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