Re ) | | THE History of Union National Mount Joy Bank Founded In cE the nation until the stock mar. ket collapsed in 1929, Conditions : | continued to become worse un- [til the Bank Holiday in 1933 lwhen all the nation’s banks were closed for a fortnight. However Mount Joy was incorporated | . as a horough February 10, 1851 Within two years, a group of | public-spirited citizens of the rewly created borough and vi cinity realized tho need of hav ) : a Re ts. tie <a | due to its strength and careful Ing a financial institution in it management, this bank reopen- | boundaries. Preliminary plans FC ine 1 t tl | siness \ were discussed for several ed for business the moment the | banking holiday was over. When the nation became in- (volved in a second World War in 1941, the Union National again offered to help finance the war effort. D. Victor Shank and Lester G. Hostetter, em- ployees, answered their Coun- try’s Call. During this decade, the | Board visualized the need for | improved facilites. A parking | | lot was opened; the building | was air-conditioned; plans for completely renovating the bank- ing ‘quarters were discussed with no definite action taken. After carefully analyzing the existing time payment facilities, a Consumer Loan Department| Christine R. Weidman, Teller | was opened in 1946. It was soon | apparent the community appre-|the many successful farmers | ciated this opportunity to fin-| and business men who have |ance its needs locally as thous- | peen aided by financial assist. |ands of contracts have since |gnee. Try to measure the peace been written providing fdr the | of mind departing loved ones financing of automobiles, elec-| have in knowing that a compe- trical appliances, home im-|tent institution will care for provements, etc. the financial needs and prob- The Stockholders authorized |jems of their dependents. Thus, the installation of a Profit Shar- the bank often serves from an ing Pension System for the individual's birth until many ployees in 1947. John B. Nis-| years after death. ( sley, Henry H. Koser, and Carl Whatever progress and ac- | S. Krall were a~pointed trus-|epomplishments have been made | tees. The Trust Department was possible in the past century aly designated as fiscal agent. have resulted from the support During the year of 1950, the |and cooperatioh of loyal stock- Board of Directors at various| holders, directors, officers, em- times discussed the increasing ployees, qnd above all else, our ( need for better facilities. In No-| many customers and friends. { vember a committee comprised Qur pledge is to continue to of Martin S. Musser, John B. provide efficient, modern, and lissley, Henry H. Koser, and|complete banking services for Carl S. Krall were appointed to| a1]. —=| serve as a Building Committee ————— Oe | months and finally on October 24, 1853, the Board of Directors met formally for the first time in the H. Shaflner Hotel and adopted the name of Mount Joy Savings Institution. The or iginal directors were Henry Eb erle, H M. North, C. S Kauff- | man, H. Shaffner, Emanuel Cas sel, George D. Portner, Benja- min Greider, Andrew Gerber J. L. Ziegler, and Jacob Nissley The officers were Henry Eberle, President, and Andrew Gerber, Treasurer, At that meeting Mr. J. L.. Zie gler, Chairman of the Commit- tee on Location, reported that] “The most suitable they could | find was in the house of Mrs. | Anne Rohrer which can be got | for five dollars per month from | this until the first of April next | 1854.” After some discussion, it| was agreed to rent this build- ing. (Building is now owned by| Oscar M. Donovan. The part | occupied by the bank is now| the Adam Greer Jewelry | Store.) The treasurer was au- thorized to prepare the room | with such furniture as needed. Salaries of the officers were de cided upon: President $20.00,] Treasurer $500.00, and Clerk] $100.00 per year. Interest rates] paid to depositors were 57% for twelve , months, 41% for nine months,’4% for six months, and 312% for three. months. The treasurer, affer much discus sion, was authorized to pur-| chase a safe at a cost not ex-| ceeding $300.00. The original capital was $12,- 500.00. Total assets December i Bs | 1 i I { { Fa SS Co ELSI 31, 1853, were $27,807.64. The continued in office as hereto . . . s were paid a Boring) and were charged with the re- NUMEROUS EXHIBITS | . . ex” salary > ommencing work. | ihilitv : BY) = Cx Grp bank prospered immediately fore. cers erving e irst ears Fin oe commencing Work. sponsibility of having plans| TO BE DISPLAYED 1 : p . W i. S ne > Fore 3 and cn September 17, 18 .4 —| The bank continued to func- rior fo this time they were | qrawn for a complete renovy- a | less than a vear after ils organ-|tion as a savings institution un PRESIDENTS CASHIERS classified as learners and receiv-| tion of the banking quarters. Numerous interesting exhibits | W = 3 v . ‘7 r ¢ . Ana Hh A 1 $ 8g 3 ization—after some d:libera-|til May, 1860, when the Stock-| Henry Eberls EQ Q ed no salary for the first six |After carefully studying many |, . Cin : | E Y 1853 - 1856 wiohths of their emplovihent > [will be displayed in the Board tion, the Board decided to de.|holders decided to incorporate] Aj... © { p10} . plans, a contract was awarded Room. on the second floor A ADA oo cr aor | ipa A OF Tap rac f y fr : ot . aan clare a dividend of 5% on thelas a State Bank changing the|. , 1856 - 1886 | First World War was fought to Wilkinson Associates Incor- rion them Will be a collselion ' ta | a; ( 1 | i C C . noai . > ) capital stock. Dividends bave | name to The Mount Joy Bank. a) Np 188 189( during 1914-1918 and again, the | porated of Philadelphia, Pa. of issued by the bank i . | . : Ch i 000 - 10YU | hank fored its services y 188 3 > bank been paid every year since that|By virtue of becoming a state h I. Ni 108 bank offered its services to the providing for a complete reno. nearing the of Gath . . : 1 QQ ava ns | ati A ‘NC or > . : . . Cc « date. |chartered institution, the bank] H. 895 - 1890 - 1 17 | nation. To- encourage the PUT- | yation of the entire interior of of its predidents during the per . 3 2 En # | ehace p Ties Res ibhertv ry 3s + S S S > - In less than two years after|was permitted to issue its own| J. FE. Longehecker )24 - _ {chase of United States Liberty | {he building. Operations com-|. DIOR ed > 3 | J 1912 - 1947 | Bonds, it was agreed to hold all iod 1860-1935 when banks were J the bank opened. the Board re-|currency. H. S 331 ii i Re on July 1 and continued allowed to issue their own cur | i - 1 y 1 . < SS . 1 - 4 alized the necessity of owning | National affairs began having| wv a ‘Avenir 1936 - 1947 - jae Horus hn Withow for approximately a year, dur- rency. This unusual collection VY... i. V IY 1900 = I charge . 5 x pr . . . J SUC its own quarters. Accordingly, their effect on all citizens and | ,, YR sisi 1941 { charge. During this period, ing which time the business was is owned by Mr. H. N. Nissly they agreed to prirchase the en-|corporations during the Civil] ~~ ~~ 7° ; oe [arte Sums of the var Bus conducted as usual, however, at former cashi Tr, NOW relited and ire Toi: te s. Bont Wa i ORT : IIOP PRES ASST. CASHIERS | were purchased by the bank for | times ler great difficulties ! » ang tire building of which the bank War period, 1861-1865, and we VICE PRESIDENTS . : : ; a Imes under great Alvin R. Nissly of Hanover then occupied a part at a cost|find on numerous occasions the H CS 204 120 [VI a 1861 f its own Bem The The renovation program includ- “9 ) re 20 © Ai . RET. Tree owe Na , i i Po ng 1000 - 100 | yates paid by e government | SPA ye Roe il of $2,200.00. As soon as posses- [bank purchased Government Eli G. Reist 189 1898 wl Bh ok i ed the removal of the old-fash+ Mr. Norman H. Sprecher, an sion was secured they rented Bonds to help finance the war| =~ ~~ re mvs #H. N. Niss 1905 - 1917 Wer 0 24%. oned counters with high super. | ssistant cashier of the ban the portion now occupied by | hetween the North and they’ ei 1924 rl & Kra 1923 1047 | Following the practice of al structure and the replacing of | will display a coin and frac “i > " i -~ xi 2 an IT1 O. NIQ i J¢ 10% { " ROTA 5 he sod o p . oe | spiaj < 1 ¥ - the B. iitus Rutt Insurance Ag-|South. An interesting compari- New r 1924 - 1© : | ways serving the needs of the|{hem with modern low, friendly | : 5 : ss D. V r Shank 194 | community, it was decided in : . © |al currency collection as well ency and the second fioor to|son as to war costs is noted] } vard I 331 193, = : hii Si i Lal counters, the installation of alas a number of advertising nov > 1 . anita s 910 . . Trmissic . on das ¢ 1 D> EE IV= John B. Shelly for $80.00 per when Congress decided to issue wn B Nis 1934 Norma “ner 194 1310 10 apply for permission 10 new Lighting system, a NEW distribute { by th pank in year. a War Loan for $2,000,00000,] ‘Uv et cee ee | ATS om ig AP" | hookkeeping room, a ladies | yo bast > X The resident Jenry srle. | w hy Seems. meader wha - TTT, Ts, Te . | plication was granted and with: Co yp nes; atic] abl. The president, Henry Eberle,|which seems meager when com- | } wich occurrence, the payment } as its many depositors with ad- Ll ibe Fie Danis wa lounge, modern glass automatic | For comparison of progress on the last day of the year 1857|pared with our present debt of | Ten years later the matter of |such occu ' ll sd bi rs hy jan several mony fhe ban wali doors, ele. Po mat aE “ . : pe I 3 x : { rr i i he | ditional funds for the Christmas! inted guardian of four min- : 3 {and efficiency, a device for can- advised the board he no longer |$275.000.000.000.00 better protection again became of $33.66 for renovating the |" {appoinieq guarqaian of our mir Again, the parking probiem : : ee iii Shady : eid i wags : 0 , | Seasons. | or children. Thus, from a small . i |celling checks and notes one wanted any salary for his ser- In 1863. during some of {he |2 necessity and the cashier was | banking rooms was authorized A development of far-reach { i Ney > confronted the directors and it d vears nec inl 1 1 vices as president (salary was; NOE Hine of authorized to install a gong or|. irectors realized in 19091; : J | beginning, the I'rust Depart was decided. to purchase the 3 ago will be dem . | bitterest fighting of the Civil : { The directors realized in 1909 | iho benefit to the nation’s com. | . [SC lonstrated along side : jer $20.00 per year). After some ; alarm bell as additional safety |, tanks cy fT 7 | ment has grown from total dwelling adioinins the SH along side a modern RWI year, 3 War, Congress passed the Tare Te the building then occupied | merce, agriculture, and industry sets in 1919 of $15,000.00 to a oS BE ux [automatic electrically controll- liscussion, i ras agree 0 is-| 4; - nls i Y 4 zainst urglars 5 . 2 pra - § ee , : i sels wy Puy . c aster f > be rem- | sides, discussion, it was agreed to d [tional Bank Act to aid in meet 3 { was not adequate for its pres-|geceurred in the closing months total in 1953 of $1.400.000.00 eastern side of the pank prem {ed cancelling machine nue 5s salarv : Tl fave A 3 A : @ Je ol, , A woe TT >» TET F the = aE 24 ' continue his salary. |ing the expenses of the war I'he directors did not receive | ent needs and future expansion | of 1913 with the passage by the During this period it has served 15g. The lov in fhe rear of ix 3 » of i > 2 . : : WOO : ‘ing this perioc as serve colli re ONE 5 An example of unique em-|Two years later, the stockhold. @ for attending meetings decided to purchase the lot | Congress of the Uuited States | ol 200 fiduciary ¢ dwelling was filled to meet the ne ati is f i ry : Bo I SAR Bangin . in more than 2 ‘lary ca ie SO OR ployee relations is found in of The Mount Joy Bank au- until 1893. On November 16 of | which the bank now occupies. | of The Federal Reserve Act. | : level of the present lot, result | pacities and at present is serv- ling as executor and adminis- minutes of a meeting held June |horized the directors to con-jol that year, the Board adopted | A Building Committee compris- | This met a long felt need by ing in one of the fines; parking 23, 1859, when the following the bank from a state to a!a resolution agreeing to pay the |ed of Eli G. Reist, John G. Sny- bankers, economists, and oo etn an {lots in Mt. Joy with a capacity letter was presented to the|pational bank. The name select- | directors living in the country T. M. Breneman, J. E.| nessmen over the entire nation Teale of estas. hg of of 40 to 50 cars, which is now Board: ed was The Mount Joy Nation-|50c and those living in Mount | Longenecker and H. C. Schock | {or a banker's bank that would minors and ineonpets nis, ire availgble day and night for the “Gents: We, the undersigned |, Bank; however, the Comp |Joy 25¢ per meeting attended, | was appointed to supervise the | mobilize to its {ull effectivencss tes der wills and frustee of bank’s customers and friends. treasurer and clerk of this insti-|{ro1jer of the Currency would |the fee not to be paid to direct { construction of its new build-|{he potential power of the na- COTpOoraLe Depsion $d and uy, perennial problem of safe- tution, would respectfully askinot approve of the name sug ‘ors reporting after opening |ing, which was completed in |{jon’s financial institutions. Ac- porate bond i [ty was not forgotten and a new the Board as a courtesy due 10| gested. The name, The Union| time. [1911 at a total cost of $24,350 | cordingly, on January 22, 1914, Projection und Safety became | pb, roar alarm system was in- us to pass a resolution of con-|National Mount Joy Bank, was| The bank continued to ex-|.00. The vault, which was con-|it was decided unanimously by | © Sue agam and resulted 1164 in the vault and through- the installation of a modern out the building providing the burglar alarm system. maximum of protection both The first female employee i 3 . | 1 y nf : . tinuance for us in our respect-|gpmitted and later approved {pand and Keep pace by intro-|sidered one of the best avail-|{he Board of Directors that: ive stations which we now res.| ft was during this period that | ducing new facilities, an ex able, cost $6,500.00. Moving day | “Whereas, after due considera- pectively hold for the ensuing ihe Board. finding it necessary | ample of which js found in the | was March 16, 1911, and the sion of the terms and provisions : on day and night. year. to better protect the bank, neg cf September 22, 1898 | building Committee was in-|of said Act, it is the *opinion of way hired Ih 1925. : vies After renovations were com- Respectfully yours, stalled a vault at a cost of $500. when it was agreed to “sub-|structed by the Board to assist this Board that said terms and|__ The years of he ote wentios pleted in 1952, a committee Jacob R. Long, Treasurer goyeral years later in 1866, |scribe for a telephone, said iele- [in moving. Assets at that date | provisions shall be accepted.” |“ OTe hrosporous-ones However | ., prised of Martin S. Musser, B. F. Eberle, Clerk” the need for better ction: » company ! us Lan-| were $861,000. The directors at During this period, new em- many individuals were not a Clarence S. Newcomer, Alvin J. In response to the above let hocame apparent a a watch- | caster and all »oints in that time were: T. M. Brene : ware of the danger ahead for Reist, Harvey Rettew and Carl] ter, the following resolution nan was hired to guard the|ter County.” In 34906 @ long dis-{ man, H. C. Schock, Christian |” S.Krall was appointed to pro- | was adopted: “Whereas, the pyilding from 10:00 P. M. to|tance phone was installed Nissly, Rohrer Stoner, Eli] mw wpe, » | Vide arrangements to properly | Board of Directors of The|5.00 A. M daily. In addition he|V n several years a iype-|F. Grosh, J. W. Eshleman. Sam. | — ® | celebrate in the one hundredth Mount Joy Savings Institution, | as required to “keep up the|wriler and book: ping machine | uel B. Nissley, Johnson B. Kel- =m | anniversary of the founding of feeling satisfied of the integrity | fires and clean the rooms and | were purchased ler, Eli G. Reist, Samuel N. the bank. and management of the affairs pyrniture” subject to being dis During this period the bank | Mumma, John G. Snyder, I. D. In presenting this resume of of the institution by the treas- charged for fault found by any | ¢ yatinued to per and the Stehman and J. E. Longenecker. ! the activities and growth of the urer and clerk in office, be it, | director. His salary was $200.00 | bank's premi were renovatl-| The officers were: H. C. Schock, bank for the past one hundred therefore, resolved that they be per - year payable aro I trom time to tune. On one! President; J. E. Longenecker, years, we are aware that while CA Sera te as... pr Ce = President; 1. S. Longen- growth of tangible assets from 9 a | ecker, Cashier and H. N. Nissly, a total of $27,000.00 in 1853 to a total of approximately $6,000- ,000.00 one hundred years later and the growth of the trust de- partment from assets in 1919 of $15,000.00 to $1,400,000.00 thir- fy-four years later are of tre- mendous importance, the in- tangible benefits rendered its customers and community are of incalculable value and should!| ! not be forgotten. ; Consider the many young men and women who have acquired Assistant Cashier. Open House | was held in the new building on Friday, April 14, 1911. In 1912 the necessity for pro- viding a method for systematic avings for its depositors in ad lition to the issuance of Certi- ficates of Deposit became ap- parent. After carefully. studying the needs of the customers, it was decided to open a Savings Department. Since that date, {thousands of individuals have {opened accounts which have a college education with conse- of incalculable benefit. 3 : quential positions; the many | Several vears later, a Christmas Left to Right—Mary Jane Zimmerman, Bookkeeper, and families who are enjoying the p IClub was opened which provid-' Joyce N. Miller, Bookkeeper, satisfaction of home ownership;' Samu Ruth E. Shenk, Clerk el N. Hinkle, ‘Messenger _- Ruth C. Kraybill, Stenographer
Significant historical Pennsylvania newspapers