The First National Bank of Port Jefferson has a rich history that spans over a century. Founded in 1891, this bank has been a cornerstone of the community for generations.
The bank's early years were marked by a focus on serving the local population, offering a range of financial services to meet their needs. Its commitment to customer service was evident even back then.
One of the most interesting facts about the bank's history is that it was initially capitalized with $50,000 in stock. This modest beginning belied the bank's future success and growth.
About the Bank
The First National Bank of Port Jefferson was incorporated in 1897, making it a significant part of the town's history.
The bank's original building was constructed by Loper Brothers, with a stone foundation and two and a half stories of brick.
In 1908, the bank's president was O. T. Fanning, vice president was Henry C. Tinker, and Francis A. Kline was the cashier.
The bank's charter was extended for another twenty years in 1917, up to the close of business on April 23rd 1937.
The bank's 100,000 shares of capital stock were valued at $100 per share at the end of 1943.
The First National Bank of Port Jefferson merged with another local bank, the Bank of Port Jefferson, in 1948, and voluntarily liquidated its 125,000 shares of common stock on April 30th of that year.
The new bank changed its name to The Bank of Northern Brookhaven after the merger.
Here's a brief timeline of the bank's history:
The Town of Brookhaven purchased the First National Bank building in 1948 for $70,000 and constructed an addition on the east end of the structure the following year.
Currency for Sale on eBay
You can find a variety of currency for sale on eBay, including rare and collectible coins. One example is the 1804 Draped Bust dollar, which was sold on eBay for $4.1 million.
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The First National Bank of Port Jefferson issued its own currency, which is now highly sought after by collectors. This currency is a great example of the unique and valuable items that can be found on eBay.
The bank's notes were printed with a distinctive design, featuring a portrait of a woman and a vignette of a lighthouse. These designs are still admired by collectors today.
You can find replicas of the bank's currency for sale on eBay, but be aware that these may not be as valuable as the original notes.
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