First National Bank, Sharon, Mercer County, PA
 

Mercer County Genealogy

 

Places First National Bank of Sharon     

 

The First National of Sharon, one of the oldest and most reliable banks of western Pennsylvania, was founded in 1868, John J. Spearman, the iron manufacturer of more than sixty years standing and one of the most influential men in this part of the state, having been one of its incorporators and its president since January, 1872. There was but one other incumbent of that office, George Prather, the first president, who died in the latter part of 1871. The first vice-president was James Westerman and the first cashier, J. T. Wilson. Besides Mr. Spearman, following are the present [1909] officers of the bank: Norman Hall, vice-president; A. S. Service, cashier, and W. F. Porter, assistant cashier; directors, J. J. Spearman, Norman Hall, Irvine J. Hyde, David Adams, A. S. Service, J. C. Chaplin and William Flinn. In 1875 the bank erected an excellent building on State street, which, with alterations and improvements to conform to modern requirements, is still occupied. By the late eighties the books of the concern showed a surplus of $100,000 and deposits of $500,000, twenty years after, or in 1908, these items having been replaced by $160,000 and $1,048,000, respectively. The business quarters of the First National Bank of Sharon are models of convenience and comfort, its vaults being among the most complete in western Pennsylvania, out side of Pittsburg. Its savings department is well organized, and it has also a completely equipped foreign department. Among its specialties, which have met with much favor, are the issuance of travelersí checks, available in any part of the world, and allowing the privileges of a personal checking account, even by those who are not in business. 

Twentieth Century History of Mercer County, 1909, page 227

First National Bank of Sharon

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Biography of John J. Spearman

 

                      

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