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History of Westchester County, New York — Passage 272 (part 6)

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[J. Thomas Scharf (1886)] It was opened for business, near the northeast corner of Main and Division Streets, in September, 1833, and at its present location, at the southeast corner of the same streets, May 1, 1834. This was probably the first bank instituted in Westchester County, and, during its earlier years, the greater part of the banking bus-iness of Westchester and Putnam Counties was trans-acted there and a good deal of business -.\ is received from Rockland County, also. July 11, 1865, it be-came a national bank, under its present title of the " Westchester County National Bank." The total dividends paid to stockholders since that time have amounted to two hundred and forty-two thousand five hundred dollars. The bank has also paid back one hundred thousand dollars of its capital to stockhold-ers. June 20, 1884, the statement of the bank showed the capital to be one hundred thousand dol-lars, the surplus fund seven thousand five hundred dollars, undivided profits nine thousand eight hun-dred and fifty-six dollars and deposits, two hundred and six thousand four hundred and fifty-four dollars. The successive presidents have been General Pierre Van Cortlandt (elected 1833), Isaac Seymour (elected June 26, 1848), Charles A. G. Depew (elected April 7, 1851) and D. F. Clapp (elected January 8, 1878). The cashiers have been Isaac Seymour (elected 1833), D. F. Clapp (elected June 26, 1848) and C. A. Pugsler (elected January 14, 1879). Dorlin F.