Mingo County, West Virginia THE FIRST NATIONAL BANK OF WILLIAMSON This biography was submitted by Valerie Crook, E-mail address: ********************************************** ***The submitter does not have a connection*** ********to the subject of this sketch.******** ********************************************** This file may be freely copied by individuals and non-profit organizations for their private use. All other rights reserved. Any other use, including publication, storage in a retrieval system, or transmission by electronic, mechanical, or other means requires the written approval of the file's author. This file is part of the WVGenWeb Archives. If you arrived here inside a frame or from a link from somewhere else, our front door is at http://www.usgwarchives.net/wv/wvfiles.htm The History of West Virginia, Old and New Published 1923, The American Historical Society, Inc., Chicago and New York, Volume II, pg. 619 Mingo THE FIRST NATIONAL BANK OF WILLIAMSON is the oldest banking house in Mingo County, and was organized in 1903. W. J. Williamson was the first president, and has been the effective head of the institution ever since. Ben Williamson was the first vice president and Alexander Bishop was cashier, and the fourth director was John Russell. This bank opened for business in a small wooden building on Second Avenue, but in 1905 moved into its present quarters, a substantial business structure at the northeast corner of Second Avenue and Logan Street. It is a three-story brick building, the first floor being occu- pied by the bank and stores, and the other floors divided into offices. This is a commercial bank, now has a capital stock of $200,000, surplus and profits $90,000, and there are only seven stockholders. The present officers and directors are: W. J. Williamson, president; Ben Williamson, vice presi- dent; M. Z. White, vice president; Alexander Bishop, vice president and cashier; A. B. Varney, assistant cashier. A stock dividend of $100,000 was declared July 1, 1922, out of the undivided profits and the capital stock in- creased to $200,000.