About CNB Bank
The County National Bank of Clearfield was founded by a group of citizens from Clearfield on February 5, 1865. The law authorizing the organization of national banks was passed during President Lincoln’s administration and had been in effect for less than two years.
Years later, in March of 1933, President Roosevelt declared a “Bank Holiday,” closing all national banks. Those banks in poor financial condition never reopened. County National, however, reorganized in February of 1934 by virtue of a stock offering to existing depositors. The bank was renamed “The County National Bank at Clearfield,” and was capitalized with $225,000 of preferred capital stock, $225,000 in common stock and $90,000 in surplus. Also, County National Bank formed a Trust Department to serve the customer’s trust and estate needs… Continue reading about CNB Bank here
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