Mercer County PAGenWeb

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, travelers’ 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

(Postcard Photo)

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First National Bank of Grove City, 1932

(Photo from the 1932 Pine Knot, 

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