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    Description

    Smethport, PA - $10 1929 Ty. 1 The Grange NB of McKean County Ch. # 8591
    A nice example from this "Grange" bank, one of a number of National Banks organized by local chapters of the National Grange, a nationwide farmers organization. Taking advantage of the lower capital requirements to organize banks enacted early in the Twentieth Century, a number of banks were chartered by agricultural interests to serve the needs of farmers that were allegedly not being met by already existing local banks. The agricultural depression of the 1920s was not kind to these institutions, and the few that survived the decade were soon laid waste by the Great Depression of the 1930s. PCGS Very Fine 20.


    Auction Info

    Auction Dates
    October, 2012
    17th-23rd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 152

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