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    Description

    Smethport, PA - $5 1902 Plain Back Fr. 600 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 interest 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. This example sports a great title layout and printed signatures of Cashier E.E. Drake and President E.A. Studholm. PMG Very Fine 30, with a couple of minor edge splits.


    Auction Info

    Auction Dates
    November, 2016
    15th Tuesday
    Internet/Mail Bids: 5
    Lot Tracking Activity: N/A
    Page Views: 84

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