Newville in Cumberland County, Pennsylvania — The American Northeast (Mid-Atlantic)
The First National Bank of Newville
Photographed By William Fischer, Jr., May 21, 2009
1. The First National Bank of Newville Marker
Inscription.
The First National Bank of Newville. . Rea, Gracy and Company, also known as the Newville Deposit Bank, was founded in 1857. Following the passage of the National Banking Act, the First National Bank Newville was chartered in July of 1863 as the 60th National Bank in the U.S. The company office at that time was located at 9 West Main St. with capital stock of $52,000. Some of the area's best known families were stockholders; among them were Brown, Davidson, Hursh, Laughlin, McCandlish, McKeehan, Sharp and Waggoner., The bank prospered and in March 1871 purchased this lot for $1,600. Robert M. Black of Carlisle contracted to build a bank house of three stories and basement for $9,065.14. The bank was on the first floor, and the cashier had an apartment on the second floor, with the vault in the basement. The building was enlarged in 1912 and a new steel-lined vault was installed on the first floor.
Rea, Gracy & Company, also known as the Newville Deposit Bank, was founded in 1857. Following the passage of the National Banking Act, the First National Bank Newville was chartered in July of 1863 as the 60th National Bank in the U.S. The company office at that time was located at 9 West Main St. with capital stock of $52,000. Some of the area's best known families were stockholders; among them were Brown, Davidson, Hursh, Laughlin, McCandlish, McKeehan, Sharp and Waggoner.
The bank prospered and in March 1871 purchased this lot for $1,600. Robert M. Black of Carlisle contracted to build a bank house of three stories and basement for $9,065.14. The bank was on the first floor, and the cashier had an apartment on the second floor, with the vault in the basement. The building was enlarged in 1912 and a new steel-lined vault was installed on the first floor.
Topics. This historical marker is listed in these topic lists: Industry & Commerce • Notable Buildings. A significant historical month for this entry is March 1871.
Location. 40° 10.317′ N, 77° 23.943′ W. Marker is in Newville, Pennsylvania, in Cumberland County. Marker is on Big Spring Avenue, on the right when traveling west. Touch for map. Marker is at or near this postal address: 9 W Big Spring Avenue, Newville PA 17241, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are within walking distance
Photographed By William Fischer, Jr., May 21, 2009
2. The First National Bank of Newville Marker
Marker to right of building.
Photographed By William Fischer, Jr., May 21, 2009
3. The First National Bank of Newville
The bank remained an independent bank until February 1983 when it was purchased by Cumberland County National Bank for $1,312,500, plus the amount of deposits and other liabilities and obligations.
Photographed By William Fischer, Jr., May 21, 2009
4. The First National Bank of Newville Vault
Entrance to 1912 vault - still in use.
Photographed By William Fischer, Jr., May 21, 2009
5. The First National Bank of Newville, c.1917
Photograph on marker courtesy of Sylvia M. Smith.
Credits. This page was last revised on June 16, 2016. It was originally submitted on June 2, 2009, by William Fischer, Jr. of Scranton, Pennsylvania. This page has been viewed 770 times since then and 10 times this year. Photos:1, 2, 3, 4, 5. submitted on June 2, 2009, by William Fischer, Jr. of Scranton, Pennsylvania. • Kevin W. was the editor who published this page.