First National Bank, Grove City, Mercer County, PA
 

Mercer County Genealogy

 

Places First National Bank, Grove City    

 

The First National Bank of Grove City was organized and incorporated in July, 1896, with a capital stock of $50,000, which was increased to $200,000 in 1908. The bank succeeded to the private business established in 1884 by A. E. Graham, under the name of the Grove City Banking Company, and with whom, two years later, W. C. Alexander became an associate partner. The business was conducted as a private one until 1896, when it was nationalized under its present title. During the first ten years of its existence, the First National Bank increased its deposits from $95,000 in 1896 to $635,000, in the corresponding month of 1906. In 1908 there were deposits of nearly $700,000 and a surplus of more than $50,000. In the latter year a handsome bank building was constructed, modernly furnished and equipped with all possible safeguards against fire and burglars. The management has long ago established well organized safe deposit and savings departments, and has in active working order such up-to-date methods as complete auditing systems, banking by mail, travelersí checks and effective collections. Its present [1909] officers are as follows: W. C. Alexander, president; Dr. J. M. Martin, vice president; W. S. McKay, cashier, and D. E. Frew, assistant cashier. Besides the president and vice president, the directors are S. R. McKinney, A. M. Allen, M. H. McCoy, J. A. Gilmore, John Floyd, John A. Turner and W. J. Wilson. 

Twentieth Century History of Mercer County, 1909, page 229

 

First National Bank of Grove City, 1920s

Click to enlarge

 

First National Bank of Grove City, 1932

Click to enlarge

 

 

 

                      

Return to the Mercer County

Genealogy Main Page

Or Visit One of these Major Sections of the Site:

Biographies

Cemeteries

Census Data

Churches

General info

Men of the Cloth

Military

Obituaries

Old Photos

Orphans

Places

Query & Data Boards

Schools

Search

Surnames

Western PA Old Photos      familyoldphotos.com

  Crawford County USGenWeb site       Lawrence County USGenWeb site     

Harry A. "Dutch" Rapp Memorial Website

 

All photos, documents and graphics contained in the Mercer County Genealogy pages are copyrighted by the submitter and by this site.  You may not use them elsewhere, whether in print or electronically, without written permission.  

Space provided by RootsWeb.  

 

Copyright © 2004 Teri A. Brown, Walter Brown and Assoc. All rights reserved.