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”)