In the Beginning...

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At the commencement of the Civil War, all the gold, silver and copper currency of the country disappeared as if by magic.  National Fractional Currency scheme was adopted shortly afterward. William A. Hanford, while a part of the paper mill at the Falls, kindly presented the town with paper bills. The denominations were of 50, 25, 10 and 5 cents. Stated on the bills:

SUMMIT COUNTY BANK pay to the bearer FIVE CENTS when like orders are presented in amounts of one or more dollars.

 W. A. HANFORD                   Cuyahoga Falls, O., 1862

  Unlike the issues of 1837, 1838, all of this script was eventually fully redeemed by Mr. Hanford.

In the spring of 1891, The Akron Savings Bank, of which William Buchtel was president, Judge Charles Grant was vice president and Aaron Wagoner, cashier, established a branch in the old bank building in the Falls and put Archie B. Clarke in charge. 

 

Ohio Banking Institutions, 1803 to 1866.    

Cuyahoga Falls- Summit County Branch of the State Bank of Ohio; E.N. Sill, President; E. S. Comstock, Cashier.