The Peoples National Bank
Known colloquially as "Peoples Bank" and officially as "The Peoples National Bank of Charlottesville" (also known as "Peoples National Bank of Central Virginia"), this downtown Charlottesville-based financial institution was founded in 1876 and later evolved into the Virginia National Bank.
The bank was organized in 1875 and granted National Charter No. 2594 in 1881. [1] [2]
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 fire in the nearby Charlottesville Hardware Store. In 1917, Peoples National Bank moved into a new building on the west end of this block (previously the Nations Bank building).[3]
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.[4] [5]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.[6]
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References
- ↑ 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.
- ↑ 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.