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    Description

    Smethport, PA - $20 1929 Ty. 2 The Grange NB of McKean County Ch. # 8591
    A pleasing, moderately circulated and problem free 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. PMG Very Fine 30.
    From The Marvin R. Levine Collection


    View all of [The Marvin R. Levine Collection ]

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    Auction Dates
    September, 2017
    6th-12th Wednesday-Tuesday
    Internet/Mail Bids: 3
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