Bank Of Washington

By: Handini

Washington, North Carolina is the first city to be named in honor of George Washington. It was established by James Bonner in the 1770's and was originally called Forks of the Tar but then renamed in 1776 to Washington (Source: http://www.pamlico.com/washington/history/).  A major commercial port for more than a century, it is now a lovely small coastal town with a rich history.

The Bank of Washington, NC is a relic of it's long rich history. It was chartered in 1851 with a capital of $400, 000 and issued notes in denominations ranging from $3 - $100 (Source: Pennell). It failed in 1866 (Source: Haxby). The following $5 note is a lovely relic from the bank.

$5 Bank of Washington, NC (1852)

Haxby NC-85-G10

Pennell 1370

Image Contribution: Handini

                      Pennell ID                              Denomination                              Haxby ID

                          1350                                        $    3.00                                  NC-85-G2

                          1350A                                      $    3.00                                  NC-85-G4a

                          1360                                        $    4.00                                  NC-85-G6

                          1360A                                      $    4.00                                  NC-85-G8a
                          1370                                        $    5.00                                  NC-85-G10
                          1370A                                      $    5.00                                  NC-85-G12a
                          1380                                        $  10.00                                  NC-85-G14
                          1380A                                      $  10.00                                  NC-85-G16a
                          1390                                        $  20.00                                  NC-85-G18
                          1390A                                      $  20.00                                  NC-85-G20a
                          1400                                        $  50.00                                  NC-85-G22
                          1400A                                      $  50.00                                  NC-85-G24a
                          1410                                        $100.00                                  NC-85-G26
                          1410A                                      $100.00                                  NC-85-G26a

It is clear from the catalog numbers for both Pennell and Haxby that  there are two varieties of each denomination. The ones without the letter A are the earlier issues, as shown in the image above, and do not have any red or orange tint on them. The later issues (those with a letter A designation in the catalog numbers) have red ink on them.