Bank(s) of North Carolina (1810 - 1865)
The first banks in North Carolina were chartered on December 1804 — the Bank of Cape Fear (Wilmington, NC, chartered Dec. 17) and the Bank of New Bern (New Bern, NC). These banks were joined by the State Bank of North Carolina, chartered in
Here is a brief overview of the branch operations and bank leaders for the State Bank of North Carolina in its three incarnations.
Additional information will be made to this list from time to time, including adjusting dates as additional research indicates. Any information or corrections should be send to Ron Vinson.
State Bank of North Carolina (Raleigh) chartered 1810; operations elected directors on June 16, 1811; elected Raleigh (principle branch) officers and appointed branch boards and officers on June 20, 1811.
Operations began in the latter half of 1811 until 1834. This bank created branches at Edenton, Fayetteville, New Bern, Tarborough, Salisbury and Wilmington. During the War of 1812, the currency was removed in 1813 from the branches at Edenton and Newbern over concerns of British invasion. Morganton branch probably established 1829. See re-chartering of bank in 1834 for other leaders (below).
Raleigh (headquarters): A building was constructed at 11 Newbern Avenue for the bank.
William J. Polk, president (1811 - March 20, 1819)
William Boylan, Sr., president (March 20, 1819 - December 1828) picture at right
Thomas Ruffin, president (December 1828 - December 1829); his salary was $2,500 per year.
Duncan Cameron, president (December 1829 - March 1831)
Peter Browne, president (March 1831 - May 1833)
David W. Stone, president (May 1833 - 1834)
Theophilus Hunter, Jr., president (apparently acted during transition to successor bank, 1834 - 1835?)
William H. Haywood, cashier (June 20, 1811 - April 1828)
Charles Dewey, clerk Newbern branch (1820 - 1826), cashier of Fayetteville branch (1826 - 1827), cashier for main bank office (April 1828 - 1866)
Benjamin A. Barham, Raleigh branch cashier (April 1828 - )
Edenton branch: established in 1811, closed 1836 (shown at right "Beverly Hall"; included a safe for the bank's operation.
Josiah Collins, Jr., president (June 20, 1811 - )
James Iredell, president ( - Sept. 1825)
Samuel Tredwell, president (Sept. 1825 - )
John B. Blount, cashier (June 20, 1811 - )
Samuel H. Pullen, cashier ( - 1828 - )
David W. Stone, cashier ( 1830s - May 1833)
Fayetteville branch: established in 1811
William Barry Grove, Fayetteville Branch president (June 20, 1811 - 1817);
Dr. Benjamin Robeson, branch president (1817 - )
Robert Raiford, cashier (June 20, 1811 - April 1818)
Duncan McRae or MacRae, cashier (April 1818 - )
Charles Dewey, cashier (1826 - April 1828)
Duncan MacRae, cashier (April 1828 - 1833)
Edward L. Winslow, agent (1830 - 1833)
The branch was closed in the early 1830s, operating as an agency until on July 15, 1833, the State Bank closed its agency and had the (Second) Bank of the United States branch in Fayetteville act as its local agency.
Leaksville agency: established in November 1818; Col. James Campbell, agent (October 1818 - )
Milton agency: established in November 1818; John W. Graves, agent (October 1818 - )
Morganton branch: Isaac Thomas Avery, cashier (1829 - 1859) of Morganton branch. This branch closed before 1833, later reopening under successor bank.
Newbern branch: established 1811
John F. Smith, president of Newbern branch (June 20, 1811 - 1812+)
William Shepard, cashier (former cashier of Bank of Newbern) (June 20, 1811 - 12+)
Vine Allen, president of branch?
John M. Roberts, cashier (early 1820s)
James Carney, teller (1820s)
Charles Dewey, bookkeeper (1820 - 1826)
Frederick J. Jones, bookkeeper (early 1820s)
Salisbury branch: established 1811
Richard Trotter, president (June 20, 1811 - )
Archibald Henderson, president (<1821 - Oct. 21, 1822)
Francis Locke, president (Oct./Nov. 1822 - Jan. 20, 1823)
Maxwell Chambers ( - March 1831)
Joseph Chambers, cashier (June 20, 1811 - )
Junius Sneed, cashier (<1822 - 1827+)
Col. Tharp, cashier ( - Dec. 1829)
Col. John Bell, cashier (Dec. 1829 - Dec. 1830)
William E. Troy, cashier (Dec. 1830 - )
William Henry Horah, cashier ( - 1833), he wrapped up business when this branch closed in 1833.
Tarborough branch: established 1811
Thomas Blount, president (June 20, 1811 - 1812)
Edmund D. MacNair, president (1812 - 1834?)
Bennet Barrow, cashier (June 20, 1811 - )
Weeks C. Hadley, cashier? ( - 1818)
Peter P. Lawrence, cashier (1819 - 1853 )
Wilmington branch: established 1811, branch closed December 1833.
Robert Cochran, president (June 20, 1811 - January 1812)
Hanson Kelly, president (1812 - )
Charles Jewkes Wright, president (1813? - 1821)
John M. Gabie, cashier (June 20, 1811 - )
John H. Ward, cashier ( - April 1818)
Archibald Maclaine Hooper, cashier (April 1818 - )
The bank was re-chartered as the Bank of the State of North Carolina (1834 - 1859). The reason for the new company was to failure of the original bank to maintain a proper ratio of circulated banknotes versus the amount of specie supporting those notes. This version of the bank had branches in Charlotte (1835 -1866), Elizabeth City, Fayetteville (1835 - ), Leaksville (agency 1835), Milton (agency 1835, branch 1845), Morganton ( - 1865), Newbern (1834), Tarborough (1834), Wilmington and Windsor (1835 -1866).
Samuel F. Patterson, acted as president during 1836 of bank (Patterson was State Treasurer of North Carolina (1835 - 1837);
Duncan Cameron, president (1834 - 1849);
George W. Mordecai, president (1849 - 1859);
Charles Dewey, Raleigh cashier (of principal bank) (1828 - 1866);
S. W. Whiting, Teller (1840s-50s)
D. DuPre', book-keeper (1840s-50s)
T. W. Dewey, clerk (1840s-50s);
Charlotte agency/branch: Thomas T. Hogg, agent (1835)
H. B. Williams, branch president (1835 - );
John Irwin, branch president (< 1851- 1860),
William A. Lucas, branch cashier (1834/1835 - 1851+),
Thomas W. Dewey, branch cashier ( - 1866).
Elizabeth City branch: (November 1836 - )
William Biddle Shepard, president (1837? - 1852);
Charles R. Kinney, president (1840)
Johann Christoph Ehringhaus, cashier (1836 - 1859);
Fayetteville branch: opened on October 8, 1835
John Huske, president (1835 - )
Charles P. Mallett, president (<1851 - );
Ichabod Wetmore, cashier (1835 - 1851+)
Louis D. Henry, attorney for the branch (1835 - )
William Huske, clerk (-1850-)
Leaksville agency: established in 1834;
William R. Hill, cashier & agent (1834 - 1845
Milton branch: agency established in 1834 on Main Street; established branch in March 1845;
Alexander Henderson, cashier & agent (1834 -)
Samuel Watkins, president (after 1845 - 1851+);
Monroe agency?: Neill W. Stelle, Monroe agent (1851);
Morganton branch: Robert C. Pearson, president (<1851 - ); Isaac Thomas Avery, cashier (1829 - 1859)
Newbern branch: opened November 1834 at intersection of Pollok & Middle streets.
Asa Jones, president (1834 - )
George S. Attmore, president (<1851 + );
John M. Roberts, cashier (1834 - 1851+)
Frederick J. Jones, teller and clerk (1834 - )
Tarborough branch: opened 1834
Theophilus Parker, president (1834? - 1849?); James Weddell, Tarboro(ugh) branch president (1849 -);
Robert Rufus Bridgers, president ( - 1865).
Peter P. Lawrence, cashier (1819 - 1853)
Alexander Anderson, president (January 1836 - )
Edward P. Hall, president (<1851 - );
John A. Lillington, cashier (January 1836 - September 1839)
William E. Anderson, cashier (October 1839 - 1851+)
Other Wilmington staff:
William Reston, teller ( - 1852 - );
J. J. Lippitt, discount clerk ( - 1852 - )
Windsor branch: Lorenzo S. Webb, cashier (1852 - 1866).
It was again re-chartered in 1859 as The Bank of North Carolina. This version of the bank closed the Elizabeth City branch, while keeping open the others and adding one in Salisbury. The bank closed in 1866/67. The bank issued its last banknote in January 1866.
George W. Mordecai, president (1859 - 1866), Bartholomew F. Moore, president (briefly as company wrapped up operations, est. 1866 - 1868); Charles Dewey, cashier (see previous listings);
Morganton branch: Thomas George Walton, president, Morganton branch (1859 - 1862 )
Tarborough branch: Robert Rufus Bridgers, president (<1859 - 1865)
Wilmington branch: John Dawson, president ( -1861- ); William Reston, cashier
Bank of the State of North Carolina