Description
1929 Series Type #1 Ten Dollar THE FIRST NATIONAL BANK OF STATE COLLEGE PENNSYLVANIA
CHARTER #7511 State College is a home rule municipality in Centre County, Pennsylvania, United States. It is a college town, dominated economically, culturally, and demographically by the presence of the University Park campus of The Pennsylvania State University.
On December 15, 1904 – prior to being in its own building – “The First National Bank opened its doors for business,” says Wayland Fuller Dunaway’s 1946 History of the Pennsylvania State College.
In 1911, the bank moved into its permanent home from “one room of a residence on College [A]venue,” reports the 1925 “Our Town” booklet of the State College Chamber of Commerce. “Before that, our banking was done in Bellefonte.”
So, this was State College’s first First National Bank. The multi-branched bank currently operating under that name was originally Peoples National Bank, situated where the downtown branch is today, around the corner at 117 South Allen Street. Peoples was the second town bank, organized April 19, 1923.
Track and price lists #18 small size. This example was third-party graded P.M.G #30. Very fine to Extra fine grade. According to track and price majority of these notes known are in less grade than this one. This note sits at the highest graded example in the census currently. This Title has been very popular for being the Penn State College town bank.
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