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The First
National Bank of Greenville
was chartered in 1864, under the congressional acts of the previous year,
which established a national currency for the United States. It commenced
operations with a capital stock of $60,000, one year later this was
increased to $100,000 and five years afterward to $125,000. The
institution was originally chartered as the First National Bank of West
Greenville, the “West” being dropped when the name of the borough was
changed. At first the business of the bank was conducted in the residence
of its first president, Samuel P. Johnston;
afterward quarters were secured in the room occupied by
Brittain
and Johnston, and were occupied until the
building was burned in 1876, when a separate structure was erected. In
1884 the concern was rechartered under the name of the First National Bank
of Greenville for a term of twenty years, and again in 1904 for a like
period. The history of the bank is a record of continued progress, both in
business and reputation, and for many years it has stood for one of the
most substantial financial institutions in Mercer county. Among the oldest
officials in point of continuous service is George
G. Stage, now [1909] president of the bank, who first became a
stockholder in 1870, at which time he was elected vice-president. He has
held the presidency since 1895 and to him, more than to any other one man,
are its steady progress and present standing legitimately due.
Twentieth Century History of Mercer
County, 1909, page 226
The First National Bank
was chartered in 1804, under the corporate name of the First National Bank
of West Greenville, and began operations with a capital stock of $60,000.
One year later this was increased to $100,000, and five years thereafter
to the present amount, $125,000. The prefix “West” was dropped at the same
time the name of the borough was changed. The building in which the bank
first commenced business was a brick structure on Main Street, the
dwelling of its first president, Samuel P. Johnston.
Subsequently the room occupied by Brittain
& Johnston was secured, and the business of
the bank was conducted therein until 1876, when the building was destroyed
by fire, and the present quarters, costing $14,000, erected. The present
officers of the institution are: President, Marvin
Loomis, elected in 1888 to succeed Hon.
William Waugh, who served from 1875; vice president,
Robert S. Johnston; cashier,
Calvin R. Beatty. The general history of the
bank’s operations has been one of gradual enlargement and growth. There
have been no serious reverses, and the condition of the establishment to.
day is best evidenced by the fact that it has a reserve fund of $35,000,
and that its deposits amount to over $150,000. Under the name of First
National Bank of Greenville it was re-chartered in 1884 for a period of
twenty years.
History of Mercer County,
1888, page 441 |
First National Bank of West Greenville, 1870s
Click to enlarge
First National Bank of
Greenville, 1922
Click to enlarge
W. S. McKay was
President of the bank in 1925. R. A. Horne
was Cashier.
View advertisement from 1925. |
Places
First National Bank Greenville
