(Photo by Calvin Shepherd - Use By Permission)
Alderson West Virginia - A History
Banks
The Greenbrier Valley Bank was established in Alderson in 1884. Its president was Matthew Mann and the cashier was James E. Mann.
In 1891 the Bank of Alderson was organized and was located on the site of the present Post Office.
In
1898
the
Bank
of
Alderson
built
the
two-story
building
now
occupied
by
the
First
National
Bank.
T.
H.
Jarrett
was
the
first
president
of
the
Bank
of
Alderson,
E.
Frank
Hill
was
cashier,
J.
M.
Alderson,
vice-president.
Later,
E.
Frank
Hill
became
president. (Click on photo for larger view)
The
Bank
of
Alderson
became
the
First
National
Bank
in
1903.
In
1909
the
Greenbrier
Valley
Bank
consolidated
with
the
First
National
Bank
as
the
First National Bank of Alderson. The first president of that bank was L. E. Johnson., James H. George was cashier and H. B. Rowe, assistant cashier.
In
1910
the
Alderson
National
Bank
was
chartered.
It
was
located
in
North
Alderson
in
the
brick
building
on
the
corner
of
North
Monroe
and
Riverside
Avenue.
O.
D.
Massey
was
president
of
that
bank.
Alderson
National
Bank
failed
on
September
20,
1931,
during
the
depression.
The
Federal
Bank
Receiver
who
then
took
charge
of
settling
the bank’s affairs had a most appropriate name - U. S. Seal. The First National Bank was then the only bank.
(Click on photo for larger view)
The
First
National
Bank’s
president
after
L.
E.
Johnson’s
death
in
1948
was
H.
B.
Rowe,
a
prominent
figure
in
Alderson.
Mr.
Rowe
resigned
in
1962
and
died
shortly
thereafter.
Carl
Bivens,
long
an
officer
in
the
bank,
became
president
in
July
1962.
John
M.
Alderson,
III
is
vice-president.
Ted
B.
Law,
a
Federal
Bank
examiner,
came
to
Alderson
as
executive
vice
president
and
cashier.
J.
Tracy
Leach
and
Betty
Pennell
are
assistant-cashiers.
The assets of the First National Bank are $4,200,000.00. In 1963 the bank was extensively remodeled and modernized.
The contents contained in this series is copyrighted and the sole property of The Greenbrier Historical Society - Lewisburg, WV Used by permission - November 18, 2008
Main Index
The History of Alderson, West Virginia
From The Journal Of The Greenbrier Historical Society On Alderson, West Virginia
Written by Kenneth D. Swope - Compiled and Transcribed by Barry Worrell
