Partially to help fund the Civil War, Congress enacted the National Currency Act in 1863 and the National Bank Act in the following year. The acts allowed the establishment of national banks and the issuance of national bank notes upon the purchase of government securities to secure the notes. The First National Bank of Havana, NY (now Montour Falls) was chartered on March 3, 1864 and the Second National Bank of Havana (later renamed the Havana National Bank), was organized on February 29, 1864. The First National Bank was liquidated in 1873, and the Second National Bank nine years later. Only one national bank note is known to exist from the two banks.
Kenneth Swab will discuss the establishment and history of the two banks, and what they tell us about Havana and the surrounding Finger Lakes area in the late- and post-Civil War era and illustrated with images from the National Archives and a picture of the only surviving note from the two banks.
Doors will open at 7:00 PM and the meeting will start at 7:15 PM SHARP.