First National Bank
First National bank
Richburg First National Bank was granted a charter on August 11, 1881 on the application of a group of local citizens along with a number of Friendship residents. It was organized with a capital of $50,000. The Allegany Directory of 1882 says, “It stands well among the monied institutions of the State”.
The firsts officers were:
President- John S. Rowley
Vice President- Albert B Cottrell
Cashier- Frank E. Fairbanks
Treasurer- William J. Richardson
All the Directors of the Bank but two were engaged in the oil business, then booming in the area. A contract was let for a two-story brick building at the corner of Main Street and Park Place, to be erected at the cost of $10,000.
(Information from “A History of the Town of Wirt”)
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