The First National Bank of Sharpsville succeeded the Iron Banking Company, established in 1873 by James Pierce and Sons, L. Erfling and J.W. Ormsby, with a capital stock of $50,000. Its first officers were: General Pierce, president, and L. Hefling, cashier. In 1875, soon after the death of General Pierce, Frank Pierce, son of the deceased, succeeded his father to the presidency, which he has held continuously since. About the same time Charles E. Agnew was elected cashier, a position which he still holds. In 1883 the business was reorganized, Walter Pierce, Wallace Pierce, James B. Pierce and C. E. Agnew being also stockholders in the new concern. The Iron Banking Company was re-organized as the First National Bank of Sharpsville in 1903, commencing business on June 15th of that year. Its present capital surplus and undivided profits amount to over $125,000, and its officers are as follows: Frank Pierce, president; James R. Gemmill, vice president; and C. E. Agnew, cashier. Its directors (besides the foregoing) are James Blaney, J. H. Twitmyer, T. H. Given, W. G. Kranz, C. C. Moore, James B. Pierce and Peter J. Pierce. 

Twentieth Century History of Mercer County, 1909, page 228  

Officers in 1924: Frank Pierce, President; Jas. R. Gemmill, Vice-President; Dr. J. H. Twitmyer, Vice-President; T. F. Wickerham, Cashier; and L. M. Bartleson, Asst. Cashier.

First National Bank of Sharpsville, located at Mercer and Shenango Streets, 1940s

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First National Bank of Sharpsville, 1910

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View advertisement from 1924

The First National Bank of Sharpsville continued until 1964 when it was sold to the McDowell Bank of Sharon.  It has continued to operate as a branch of the McDowell Bank [1974].     Sharpsville Centennial Booklet, 1974

Biography of General James Pierce