Borough of Etna - Centennial Festivities Yearbook (Etna, PA)

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BANK HISTORY Etna found itself III lw- in need of a financial institution with the eslalilisliiiieiit of a steel mill known as Spangs'i in town. With the far reaching ideals of some residents. the charter for The First National Bank of Etna was approved by the U.S. Division of Banking in 1901 and was first located in what was known as the Hieber Building on Butler St. tadjoining the present Post Office buildingl. Dr. Kroesen was its first president: Chas. il. Stroll the Cashier with W. J, Porter an employee. Directors included: Henry Ochse. Alex Wfally. Macbeth Wally', Emil Waldfogle, john Metzger. lvm. H. Thomas. Victor Spaeti, Henry Bleil. J. TV. Smith, Henry Wittner, and George Haber- lein. A few years later having outgrown its small quarters. the building at 368 Butler Street was built tnow McNamee's Drug Storel. A. YV. King of Wildinsburg became Cashier, after the resignation of C. J. Stoll lA. W. Kraus and Louis P. Lehr were employeesl. The bank having grown with the community established a L'Eoreign Depart- menti' under Mr. Mark Vinski. to assist many immi- grants to the area. They found good jobs with the Spang Chalfant Steel mill and became permanent residents. Louis P. Lehr became Cashier upon the resignation of Mr. King and substitution andfor additions to the Board included such well-known names as l. W. Edgar, D. Edwin Austen. George Matheson, then President of the bank, considered building the structure at 435 Butler St. as a Spang Employees' Club and Recreation L I ........ ...-I II . Il Ir. ..II . II I... II... II .I.. II........ ... sI.....I...., I I.. . I... lil i I 1 II, Ir I I mi Is ..IIIIII-I. X IllI.I A I II I II... I-.I...I. t.I.I... .I'.I..... II x..vI.-.. IIIiII I IIIIII I IIIIIIII II.xI.ItI In It II II xI I I I I I I I I I I ll INII I'.IIt. ' L' tl tl L x I I I I I I I I I xl I I I IJ I II I I. I I I I I I Center with the street floor area to be the new banl quarters. .lohn YV. Hoffman, as Executive V.P. of the Bank guided the building of one of the most modem and beautiful banking quarters in the area. It was without a doubt a great asset to the Borough. John W. Patterson, Pres. of Enameled Metals Co., a new up and growing business in the borough. be- came Pres. of the Bank upon the death of Mr. Mathe- son. Cashier then was H. A. Beiswenger, formerly an employee of the Diamond National Bank of Pitts- burgh. The bank operated as The First National Bank of Etna in these quarters until Feb. l943 when it became a branch of Peoples Pittsburgh Bank 81 Trust Co., known now as Pittsburgh National Bank. Vilm. E. Teuteberg came to be Manager in charge, succeeded by Thos. Schofield and Mr. Robert lngram. In 1966 after the moving of Spang Chalfant mills to Ambridge, Enameled Metals Co. to Verona, and the U.S. Steel dissolving of the Etna Blast Furnaces, Pgh. National Bank elected to build a smaller and much more modern banking building at its present site at 380 Butler St. Wm. K. Denaro became its first Manager in Charge and was succeeded by Rich- ard Schreiner. lts present Board of Advisors are Jas. Mcllroy, R. J. Casey, Lee A. Donaldson, las. Brennan, S. J. Jackson. It has during the years continued to grow with, and service its customers, now being a full service bank catering to most any financial need. rv up with Miss Margaret Hartman, Senior Commercial wears of service with the bank and Mr. Gardner I I .I+Wi'9'f9p!'5'l' ll 1 ,..qj,..-- ---ggjjI- . A W I - .ga r . ff K NO - e I' -as '. l ,wr .PY N, w I - A H27 LJ , , 2-f 0 5ff11t'1'f'b I . 1 -U I .lt ff!!- ' QI? i fZf3'3g f,QM Z K ' ' .gy f. .' i 453' if 4 I fl i , I L rt 2211 N ,,,g ' 2 . ' 3 il' I L ,f'f :jMm'ilf . ILA ? ' 55 V U .. -gl, .-.t:.g-,?l:igy A- VE.-1 , . , 43, vi -my ,N 'Lu .Af ' ' Q ' Ir, sf' f i if :...nr.If' A-4 271 , ,, -fr- . i' ' ,L 'V , Xsinlgx:-.ff .II IIVIIIIIIIII III-Ii III thi' l'IllwluIIgglI X.I .if ' . - tIIIII.I IMIIIIX IIIIIII I-lII.I II-sul.-:Ile lI.uI Williilnl Denaro, Etna Branch Assistant Vice Presidon Charles Gardner. Assistant Secretary. Miss Hartman

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'FVi llY3l!tl v!SFli'11'S1l'i!HZZ7ll!ITtlIl? J l. . 5 K - 1, , ,,,,,,.g,, -- - --v--- In . l I t i X . it ,JETNA CONCRETE BLOCK COMPANY Etna Concrete Block Company came into existence in the summer of 1919. Her founders had no previous concrete producing experience, but they were confident that a local market for their products was to be had. In a very short time they were forced to increase their capacity 300'Z . Mr. Charles Tursic was appointed general manager in 1922, and elected President in 1926. He was Qven permission by his company to make whatever improve- ments he felt were required. ln 1927 the company stepped into a new and modern plant. The Etna Concrete Block Company was known from the first as an efficient, compact, labor-saving opera- tion, second to none in manufacturing capacity. The company has always been proud of the fact it has kept abreast of the times with the most efficient machinery possible. When the new plant was officially opened on April 20, 1927 local government officials, contractors, archi- tects and representatives of various companies were present. The company's officers at that time were: President, Charles Tursic, Vice President, Frank Ro- ginag Secretary. lVlark Vinskig Treasurer, Andrew Logan. Some new machinery was added in 1947. This increased production capacity to 1,000 units annually. About 75W is used in private housing construction. .The plant is still in operation at its original site on Sycamore Street in Etna. The management has under- gone a change since Mr. Tursic retired in 1964-. .' , ,Ht ' Servicing The Building Trade y Q 'L .4v 'r ,I i ..,, , , 9 Y'-if Zi' . fl ... . N f WM f. V- , ' .'. ,.,,,,. ,.,, , I ,' - A- f ' i ...- ' ' ' E.:5'.'z41 -f-- f' M! Q --f-, - it ,-,... mm mnn Mnrnuu s 'T , , 'J - ,lj Q 'tfjxg-f,'t 1-..'V X ..,, ' .I , iii -' A y 1 1, A affai r ' Q , ' -T-ff?-fg,A,i'! jijgngf-21M.,, :V . '- iusviii i 3: V ttf Q , N ' Nrmqgfi ag, 1 1 now I ' ' , gh- -qv, Nfl- . f2,,.....lm.t. C'-N , . - ETNA FORGE AND BOLT COMPANY The Etna Forge and Bolt Company was started around 1906 by Martin, George, lohn and Conrad Metzger on the lower Bridge Street area. In the 1936 flood an explosion occurred and chemicals ignited completely destroying the A building fall surrounding area was devastatedl. I It was rebuilt and business resumed until 1955 when the area was taken over by the state for the By-Pass. -A 1 . J' x ,4- 'M Qi X - 3 g, :' CHARLES TURSIC

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PEOPLES SAVINGS AND LOAN The Peoples Savings and Loan Assoc. of Etna was organized on July 25, 1087 under the name of the Peoples Building and Loan Assoc. of Etna and Sharpsburg and granted a charter by ,lames A. Beaver, governor of the Common- wealth of Pa. The following local men were the first subscribers of stock in the Associa- tion: Albert M. Challant, Ed M. Patterson, David A. Jones, Vilm. C. Jordan, Alexander Martin. J. L. Robertson, Wm. G. Smith, Samuel H. Yahres. The original charter was granted for a term of thirty years with capital stock of 553,000,000 The association was first located in the old LlSalt Yvorksw on Bridge Street. The Asso- ciation moved to 32 Bridge Street in 1910. At a special meeting of the stockholders held on April 28, 1917, the stockholders voted to renew the charter of the association. The association continued to grow and on Feb. 20, 191L3Qt applied for and received insurance accounts by the F.S.L.l.C. and these were insured for 55,000 ln lan. 1947 the association received per- mission, after filing with the state of Pa. to change the name of the association to 'gThe Peoples Savings and Loan Association of Etna, with unlimited capital stock. The association purchased the property at the corner of Butler and Walnut Streets and began construction of the present building in 1949. They moved from Bridge Street to their new quarters in June, 1950. The association was located at 32 Bridge Street where it went through the floods of 1936 and 19-10. Many people over the years have been associated with the association and all have contributed greatly to the success of it. The late Thomas H. Jeremiah was the first full time secretary and manager of the associa- tion. He served from 1932 until his death in 1959. The assets grew to over 39.000000 during his 25 years as secretary. The Savings and Loan presently has assets of over 515,000,000 and has a branch office in Hampton Township. This was opened in 196114. Presidents to date have been: John L. Rob- ertson, H. C. Semple. Albert W. Morton, Alex Andres, H. Albert Stoll. Daniel C. Lewis, Charles L. Kammer. and Albert S. Jones fthe present onel. Solicitors of the association have been: Judge Thomas Ford, John YV. Thomas, Addi- son Lyons, John D. Mclntyre. G. Richard Klare, James Bruggeman, Harry YV. Donaldson. New People Savings K Loan Assoc. of Etna, Built 1950.