The First National Bank was
chartered in 1804, under the corporate name of the First National Bank
of West Greenville, and began operations with a capital stock of
$60,000. One year later this was increased to $100,000, and five years
thereafter to the present amount, $125,000. The prefix “West” was
dropped at the same time the name of the borough was changed. The
building in which the bank first commenced business was a brick
structure on Main Street, the dwelling of its first president, Samuel
P. Johnston. Subsequently the room occupied by Brittain &
Johnston
was secured, and the business of the bank was conducted therein until
1876, when the building was destroyed by fire, and the present
quarters, costing $14,000, erected. The present officers of the
institution are: President, Marvin Loomis, elected in 1888 to succeed
Hon. William Waugh, who served from 1875; vice president, Robert S.
Johnston; cashier, Calvin R. Beatty. The general history of the bank’s
operations has been one of gradual enlargement and growth. There have
been no serious reverses, and the condition of the establishment to.
day is best evidenced by the fact that it has a reserve fund of
$35,000, and that its deposits amount to over $150,000. Under the name
of First National Bank of Greenville it was re-chartered in 1884 for a
period of twenty years.
History of Mercer County, 1888, page 441
The
First National Bank of Greenville was chartered in 1864, under the
congressional acts of the previous year, which established a national
currency for the United States. It commenced operations with a capital
stock of $60,000, one year later this was increased to $100,000 and
five years afterward to $125,000. The institution was originally
chartered as the First National Bank of West Greenville, the “West”
being dropped when the name of the borough was changed. At first the
business of the bank was conducted in the residence of its first
president, Samuel P. Johnston; afterward quarters were secured in the
room occupied by Brittain and Johnston, and were occupied until the
building was burned in 1876, when a separate structure was erected. In
1884 the concern was rechartered under the name of the First National
Bank of Greenville for a term of twenty years, and again in 1904 for a
like period. The history of the bank is a record of continued progress,
both in business and reputation, and for many years it has stood for
one of the most substantial financial institutions in Mercer county.
Among the oldest officials in point of continuous service is George G.
Stage, now [1909] president of the bank, who first became a stockholder
in 1870, at which time he was elected vice-president. He has held the
presidency since 1895 and to him, more than to any other one man, are
its steady progress and present standing legitimately due.
Twentieth Century History of Mercer County, 1909, page 226
| Advertisement from the 1925 Pennerian, Greenville High School Yearbook |
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First National Bank of West Greenville 1870's
First National Bank of Greenville, 1922
The above drawings are from the 1932 Pine Knot, Grove City High School Year Book.
Click images to enlarge.
In 1925...
W. S. McKay was Bank President
R. A. Horne was Cashier
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