The Peoples National Bank
The Peoples National Bank, known colloquially as Peoples Bank, chartered as The Peoples National Bank of Charlottesville and later known as Peoples National Bank of Central Virginia, was a downtown Charlottesville-based financial institution founded in 1876. The bank later evolved into the Virginia National Bank on July 29, 1998. On April 1, 2021, The Fauquier Bank merged with Virginia National Bank. The combined banks are intending to cover the counties of Fauquier, Prince William, and Albemarle, and the cities of Richmond, Winchester, and Charlottesville.[1]
History
The Peoples National Bank of Charlottesville was organized in 1875 and granted National Charter No. 2594 in 1881. [2] [3]
1875 – 1935
The original bank stood at 322 East Main Street, on the south-west corner of East Main and 4th Street. In 1909, the ground floor façade was altered and the top story of the bank building removed after suffering damage from a 1907 fire in the nearby Charlottesville Hardware Store.[4]
- In 1915, Marshall Timberlake purchased the building at 322 East Main Street (corner of Fourth and East Main streets) and two years later he established Timberlake Drug Store in the "old" Peoples Bank building.
In 1917, Peoples National Bank moved into a new building on the west end of this block (previously the Nations Bank building).[5]
Currency issue
Opening in 1881 as a national bank (assigned charter number 2594), The Peoples National Bank of Charlottesville stopped printing money in 1935. In its 55 year printing period, the bank printed $5,695,190 dollars worth of national currency. Considered a long operation period for a national bank, The Peoples National Bank of Charlottesville issued 10 different types and denominations of national currency.[6] [7]The Peoples National Bank of Charlottesville Virginia issued the following types of bills (this is not a complete list):
- 1875 – $10 Ten Dollar Bill
- 1875 – $20 Twenty Dollar Bill
- 1881 – $10 Ten Dollar Bill
- 1882 – $10 Ten Dollar Bill
- 1882 – $20 Twenty Dollar Bill
- 1902 – $10 Ten Dollar Bill
- 1902 – $20 Twenty Dollar Bill
- 1921 – $10 Ten Dollar Bill
- 1921 – $20 Twenty Dollar Bill
- 1929 – $10 Ten Dollar Bill
- 1929 – $20 Twenty Dollar Bill
1951
The bank reported total assets of $23 million in 1951.[8]
1957
The U.S. Comptroller of the Currency approved a branch office at the corner of Barracks Road and North Emmett Street. The cost to construct the building was $65,000 and the developer was the Thomas Jefferson Corporation. This was part of the larger development of the Barracks Roads Shopping Center. The one-story brick building with a drive-through was in the Colonial style and featured a serpentine wall between the rest of the shopping center and the bank. [9]
|
This article is a stub. You can help cvillepedia by expanding it. |
References
- ↑ https://www.vnb.com/index.php/our-story/our-story#:~:text=and%20enrichment%20opportunities.-,VIRGINIA%20NATIONAL%20BANK%20OPENED%20IN%20CHARLOTTESVILLE%20ON%20JULY%2029%2C%201998,and%20continuity%20in%20your%20relationship.
- ↑ http://www.antiquemoney.com/national-bank-notes/virginia/old-money-from-the-peoples-national-bank-of-charlottesville-2594/
- ↑ http://americanhistory.si.edu/collections/search?custom_search_id=collections-search&edan_local=1&edan_q=peoples+bank+charlottesville&op=Search&edan_fq%5B%5D=online_visual_material%3Atrue
- ↑ (repr., Albemarle County Historical Society, 1992); Advertisement, page 17, The Daily Progress, January 30 1907, on file at ACHS.
- ↑ (repr., Albemarle County Historical Society, 1992); Advertisement, page 17, The Daily Progress, January 30 1907, on file at ACHS.
- ↑ http://www.antiquemoney.com/national-bank-notes/virginia/old-money-from-the-peoples-national-bank-of-charlottesville-2594/
- ↑ http://americanhistory.si.edu/collections/search?custom_search_id=collections-search&edan_local=1&edan_q=peoples+bank+charlottesville&op=Search&edan_fq%5B%5D=online_visual_material%3Atrue
- ↑ Web. Peoples Assets Top $23 Million, Staff Reports, Daily Progress Digitized Microfilm, Lindsay family, January 23, 1951, retrieved January 21, 2017 from University of Virginia Library. Print. January 23, 1951 page 1.
- ↑ Web. Approval Given for Branch Bank, Daily Progress Digitized Microfilm, Lindsay family, October 17, 1957, retrieved October 17, 2022. Print. October 17, 1957 page 19.