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BANKS
“The Banks”, “Lawrence National
Bank” and “Indiana State and Union Trust Banks” in
Weesner, History of Wabash County, 392-3:
North Manchester has three
banks—the Union Trust, Lawrence National and Indiana
State and Union Trust.
The first bank in North Manchester
came in with the railroad, in December, 1871, when Jesse
Arnold and John Arnold founded the Manchester Bank as a
private institution. For many years it was considered
the leading bank in the Eel River region and from it was
evolved the First National Bank of North Manchester,
which was chartered on the 17th of March,
1883. Its officers were: Jesse Arnold, president; James
Arnold, vice president; John R. Wallace, cashier.
The year before the chartering of
the First National, on the 15th of March,
1882, George W. Lawrence founded the Eel River Valley
Bank, and on account of his high standing and wide
acquaintance as a merchant its business prospered from
the first. In 1886 it became a national institution,
with Mr. Lawrence as president, A.C. Mills, vice
president, and H. Mills, cashier. Mr. Lawrence retained
the presidency until 1894. The Lawrence National Bank
has a capital of $50,000, deposits of $400,000 and
surplus and undivided profits of $45,000. The present
officers are: John M. Curtner, president; John W. Dome,
vice president; George W. Shively, cashier.
The Indiana State Bank was
organized August 8, 1901, with a capital of $25,000
which has been doubled. Present deposits, $300,000;
surplus, $30,000. From 1901-05, W.H. Shaffer served as
president, S.S. Ulrey as vice president, and J.C.
Gochenour as cashier. The present officers are: A.A.
Ulrey, president; Calvin Ulrey, vice president; A.I.
Urschel, cashier.
The Union Trust Bank was founded
October 11, 1913, with David Ginther as president, but
has fairly entered the field with a capital of $40,000,
deposits of $45,000 and a surplus of $10,000.
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