The Grange National Bank was the 2nd bank in Spartansburg.  It’s establishment came within 3 years after the failure of the Spartansburg (Tryon) Bank.  Spartansburg was a thriving community and it was the feeling of merchants and farmers in the area that a bank was needed. In this Spartansburg Sentinel article from February 15, 1907, it is explained that $25000 is required to establish a National Bank.  That money is through shares of $100 each with 50% due at organization and 10% each month after that until paid. The bank was originally to be called the First National Bank of Spartansburg, and was noted as such in the approval of…

In 1882, a bank was organized in Spartansburg.  The bank was a private bank with no state or federal backing.  The first President of the bank was IH Burt and the first cashier was FD Catlin.  In 1889, DW Tryon became a major stockholder and cashier for the bank.  Community members and farmers from the area made deposits and the bank continued to grow, showing $30,000 available in a bank report in 1900. The Spartansburg Sentinel ran an ad for the bank on March 3, 1905 On March 4, 1905, DW Tryon closed the bank and went to Meadville to transfer all bank and personal property to an “assignee” who…