Tag: Isaac C. Toone

Camden National Bank, 2003-11-22
Posted in Historical Accounts

The Camden National Bank

ONE of the chief elements in the material growth and progress of a community is the banking interest, and in this department of business, Camden boasts of several vigorous corporations, one of the most important being the Camden National Bank, located at Second street and Kaighn avenue. It was incorporated as a national bank in 1885, in order to provide…

THE CAMDEN NATIONAL BANK. — A movement was made shortly after the passage of the National Bank Act toward establishing a bank in the southern part of Camden, but the project was abandoned. A few years later the Gloucester Savings Institution opened a branch office on Kaighn Avenue, which it maintained til the time of its failure, 1884. In 1885 the subject of establishing a National Bank on Kaighn Avene was again discussed. Isaac C. Martindale, who had many years experience in the banking business, became interested in the movement, and Zophar C. Howell, president of the Kaighn's Point Ferry Company, and others gave the project encouraging support. Application was made on May 30, 1885, to the comptroller of the currency for authority to organize and establish "The Camden National Bank," with a capital of one hundred thousand dollars, with the privilege of increasing it to two hundred thousand dollars. The necessary permissions having been received, a call for public meeting to promote the enterprise, signed by John Cooper, Henry B. Wilson, Howard M. Cooper, William B. Mulford, Zophar C. Howell and Isaac C. Martindale, was issued and the meeting held at the office of the Kalghn's Point Ferry Company June 13, 1885, when more than one-fourth of the capital stock was subscribed. A committee then appointed ta solicit further subscriptions reported, at a meeting hold July 6th, that the full amount ($100,000), had been subscribed. The articles of association and the organization certificate were executed, and a meeting of the stockholders held on July 20th, when the following-named persons were elected as the first Board of Directors: Zophar C. Howell, Henry B. Wilson, Charles B. Coles, James Davis, Isaac C-Toone, George W. Bailey, George T. Haines, Irvine C. Beatty, John Cooper, William B. Mulford, Philip H. Fowler, Charles E. Thomas, Harry B. Anthony, Howard M. Couper, Zophar L. Howell, Herbert C. Felton, Rudolph W. Birdsell. William W. Price, is teller at Philadelphia office; Charles P. Martindale, receiving teller at the bank; Lewis Mueller, bookkeeper.
Posted in Historical Accounts

History of Camden County, New Jersey

A movement was made shortly after the passage of the National Bank Act toward establishing a bank in the southern part of Camden, but the project was abandoned. A few years later the Gloucester…

Camden National Bank, 2003-11-22
Posted in Banks

Camden National Bank

Established in 1885, the Camden National Bank opened at 259 Kaighn Avenue on August 13, 1885. Zophar C. Howell was the first President. One of the founders, and an early vice-president was Henry B. Wilson, for whom the H.B. Wilson School at South 9th & Florence Street is named, and whose son was Admiral Henry Braid Wilson Jr., for whom the boulevard is named. Another of Wilson’s son, Philip Wilson, worked for the bank for many years. Other founders included Howard M. Cooper and Isaac C. Toone.