History of the Connecticut Valley in Massachusetts, 1879.

The Hadley Falls National Bank.



The pioneer banking institution in this city was the Hadley Falls Bank, which was organized May 24, 1851, twenty-three years before the city was organized, and only one year after the town of Holyoke was set off from West Springfield. Its original capital was $100,000, which in 1853 was increased to $200,000. The first officers of the bank were C.B. Rising, President; J.R. Warriner, Cashier. The first board of directors was composed of the following: John Ross, N.D. Perry, Cyrus Frink, J. Miller, R.G. Marsh, Whiting Street, A.D. Chapin, and William Melcher. Chester Crafts was chosen in place of Whiting Street, declined. Mr. Street, however, was soon after chosen a director, and remained in the board until his death, in 1878. The following are the several presidents and cashiers from the organization to the present time: Presidents, C.B. Rising,, Rufus D. Woods, A.D. Chapin, and Charles W. Ranlett; cashiers, J.R. Warriner, C.W. Ranlett. H.P. Terry was chosen cashier in 1864, and has officiated in that capacity since.

The Bank was reorganized as the Hadley Falls National Bank, April 3, 1865. The present board of directors is as follows: C.W. Ranlett, Broughton Alvord, William Skinner, Jonas Kendall, Spenser A. White, Benjamin Aldrich, Alfred White, Edwin H. Ball, and Charles B. Prescott. Present capital. $200,000; surplus and earnings, $125,000.







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