The First National Bank of Stoneboro commenced business February 8, 1904. Though this bank is organized on the basis of $25,000 capital—the lowest legal limit—its volume of business transacted and secured places it among the best banks of the county. On November 27, 1908, its statement showed deposits of $122,176.35, and total resources of over $170,000. The officials of this bank have remained the same from the beginning. E. W. Echols is president, Theo. N. Houser cashier and the other directors are Robert P. Cann, John L. Rossiter, F. M. Allison. The bank is situated in a substantial brick building on the principal business corner. 

Twentieth Century History of Mercer County, 1909, page 231