The First National Bank of New Carlisle, 1900–1963

1900–1963 · THE TOWN'S ONLY CHARTER

The Brummitt brothers banked privately for three years and then took the town's one national charter. The firm's biography gives the course whole: the private bank was "established in the spring of 1897" in the Brummitt hardware building, A. R. Brummitt cashier, and "continued until 1900, when it was incorporated as the First National Bank of New Carlisle." The 1916 directory catches the chartered bank at its working size: "First National Bank (capital $25,000), W Hubbard pres, A R Brummitt, cashr" — the same cashier across the incorporation, the presidency gone to W. Hubbard. In 1929 the Federal Reserve Bank of Chicago's annual report lists the First National Bank of New Carlisle among the Indiana member banks authorized that year to exercise fiduciary powers — trust powers, the mark of a bank intending to hold its town's estates as well as its deposits. The bank's OCC charter number is not printed in this section because no source carries it; it is banked as a named gap (GAP-NC3-BANK-2), settler the Comptroller of the Currency's charter records and annual-report charter tables for 1900, and it stays a gap rather than a guess.

Sources:

1. Biography of Mark L. Brummitt, county-history biographical volume (inportercounty.org transcription): spring 1897 founding, 1900 incorporation, A. R. Brummitt cashier.
2. Polk (1916–17), New Carlisle entry, read whole: capital $25,000; W. Hubbard president; A. R. Brummitt cashier.
3. Federal Reserve Bank of Chicago, annual report for 1929: fiduciary-powers authorization list, "New Carlisle, First National Bank."