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MERCHANTS - - -
- The
First National Bank
- "One of the Solidest Institutions
in the State of Ohio. Organized in 1872.
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- The First national Bank has paid
up cash capital of $50,000, and undivided profits and surplus
of $25,000. It is the oldest bank in Shelby, having been organized
April 9, 1872, making it twenty-five years old thyis year. The
late Dr. W.R. Bricker was the first president and served
in that capacity for twenty-one years. B.J. Williams cashier,
has held his position ever since the foundation of the institution,
carefully guiding the financial craft through the panics of 1873
and 1893, besides several minor disturbances that wrecked many
of the banks of the country.
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- Shelby Historical Postcard, created
by Sally Maier**
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- The first directors were: W.H.
Pennock, William H. Marvin, W.G. Beatty, of Cardington, Ohio,
David Anderson W.R. Bricker S. F. Stambaugh and J. A. Beverstock
of Shelby.
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- Today the stock is principally held
in Shelby among the following well-known citizen: John Dempesy,
B. J. Williams, H.M. Dick, W.A. Shaw, M. H. Davis, J.W. Williams,
J.L. Pittenger, A. Farrington, J.J. Smiley, W.E. Miller, and
Danforth Brown. The present officers are: John Dempsey,
president; J.L. Pittenger, Vice President; B.J. Williams,
Cashier; J.W. Williams, Asst. Cashier. The directors are:
John Dempsey, J.L. Pittenger, B.J. Williams, H.M. Dick, W.A.
Shaw, Danforth Brown, and M.H. Davis.
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- The 1879 First National Bank Building
c. 2005
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- The bank has an enviable reputation
among the business fraternity for fair dealing, safe and conservative
methods. The losses through bad debts for a period of twenty-five
years have been remarkably light, and the management in this
respect challenges comparison with any bank in the country. In
addition to general banking business, they conduct a savings
department, paying interest of 4 per cent per annum upon deposits,
a very popular idea.
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- While the bank makes no pretenses
of being a charitable institution, it has been of very substantial
benefit to all classes of the community. To its depositors in
encouraging habits of industry and economy by paying them interest
for the use of money which would otherwise been idle, if not
wasted by the purchase of articles not really needed. To its
borrowers by collecting together and aggregating these small
sums of idle or surplus money and loaning it to them to carry
on business enterprises that furnish employment for a vast number
of laborers, and to keep the wheels of trade and manufacture
in motion even in hard times.
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- The 1879 First National Bank Building
c. 2005
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- To the high character, integrity
and well-known conservatism of its officers and managers, who
are among the most successful business men in the city, must
be attributed in a large measure, the most satisfactory record
of the bank. We doubt whether there is another city in the State
of the size of Shelby that can boast of such a successful institution.
It has for years paid semi-annual dividends of 5 per cent, besides
adding to the surplus. The stock is highly appreciated and seldom
changes hands." *
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- * The Shelby Republican - May 20,
1897
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- ** To Purchase postcards, contact
Sally Maier, 76 Raymond Ave., Shelby, Ohio 44875
- or email: shelbymuseum@copperfast.com
-
- If you would be
interested in adding to, or commenting on the items on this page,
- please contact
us.
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