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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
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![](FNBGroveCity1920-sm.jpg)
First National Bank of Grove City, 1920s
(Postcard Photo)
Click to
enlarge
![](FNBgrovecity1932-sm.jpg)
First
National Bank of Grove City, 1932
(Photo from the 1932 Pine
Knot,
Grove City High School yearbook)
Click to enlarge
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