Fulton County National Bank and Trust Company of Gloversville

In 1902 Mr. Ashley Baker was elected to the presidency of the Fulton County National Bank of Gloversville, an office he continued to fill with signal success for twenty-two successive years. Toward the conclusion of his last year of office he served notice that he would not become a candidate for reelection, so the board of directors chose him as its chairman in 1924. In this manner the bank was able to avail itself of Mr. Baker's long experience and excellent judgment in financial matters when formulating its policies, without burdening him with the more or less routine duties involving upon one of its executive officers. The Fulton County National Bank, the second oldest in the county, was one of the strong financial institutions of this section of the state. In 1901, before Mr. Baker assumed the duties of president, it was capitalized at one hundred and fifty thousand dollars and had a surplus amounting to the same figure. When a new bank building that currently houses the institution was erected in 1912, the capital had been increased to three hundred thousand dollars, while the surplus had grown to an equal sum. By 1925, the capital had grown to a half a million and the surplus four hundred thousand, while the deposits averaged between four and five million. These figures tell briefly the story of a remarkable growth and expansion that is due very largely to Mr. Baker's constructive work as president of the bank.

Mr. Baker was also Glovesville’s first mayor – elected in 1884.


Close Up of Vignette:




Certificate: Common Stock, unissued/uncanceled, mid 1900’s

Printer: Goes

Dimensions: 9 1/4” (h) x 12 1/2” (w)

State: NY-New York

Subject Matter: Banks and Credit Unions

Vignette Topic(s): Animal Featured | Deer or Elk Featured

Condition: Vertical fold lines, no cancels, and some toning and edge faults from age.