33ES!8881W : C rof ommerce
in AN ADVERTISING SUPPLEMENT TO THE DAILY ITEM AND THE DANVILLE NEWS
THURSDAY
DECEMBER 2022
Celebrating 150 Years Mifflinburg Bank & Trust is proudly celebrating 150 years of serving our customers and local communities. We have built strong ties with our neighbors, school districts, small businesses and nonprofit organizations, and we look forward to continue strengthening these relationships. Our success would not be possible without the support of the communities we have worked with for the past 150 years and look forward to serving for many years to come.
The current location of Mifflinburg Bank’s main office and operation center at 250 E Chestnut Street, Mifflinburg, where they look forward to serving the surrounding community for many years to come.
ext to the Scarlet D Hotel, dating back to 1857, Mifflinburg Bank & Trust is the second oldest Mifflinburg business institution serving the citizens of today.
N
Mifflinburg Bank held its first meeting on May 4, 1872, and conducted its first business on May 25, 1872, at the northwest corner of Third and Chestnut Street (300 Chestnut Street - now the location of the Mifflinburg Heritage and Revitalization Association office). The bank's first president was James Chambers, and its first cashier was Robert V. Glover at an annual salary of $800. By the end of 1872, the bank had over $80,000 in assets. The bank moved to a few different locations throughout Mifflinburg, including 427 Chestnut Street (this building was rented from the First National Bank for $100 per year), 328 Chestnut Street and 325 Chestnut Street (current site of the Mifflinburg Hose Company). By its 25th anniversary in 1897, Mifflinburg Bank had assets worth over $250,000. In 1925, Mifflinburg Bank built a new bank building at 343 Chestnut Street and moved to its new location on April 25, 1925. On May 25 of the same year, the bank was granted trust powers and changed its name to Mifflinburg Bank and Trust Company. In September of 1930, Mifflinburg Farmers Bank merged with Mifflinburg Bank and Trust Company, and in February of 1941, Laurelton State Bank also merged with Mifflinburg Bank and Trust Company. In May of 1961, the bank formally celebrated its "modernization program", which included an addition added to the 343 Chestnut Street building, opening the bank's first drive-up ATM machine, adding a book keeping department, employee lounge and kitchen, complete air conditioning system and a parking lot constructed in the rear of the building. By its 100th anniversary in 1972, the bank had over $17 million in assets. The bank's Lewisburg branch was opened on April 2, 1991, and offered full-service banking, two drive-thru windows and a drivethru ATM. The Mifflinburg Bank and Trust Company banking
Mifflinburg Bank’s main office was housed at 353 Chestnut Street, Mifflinburg, from 1925-1996.
house and lending center, built at 250 East Chestnut Street (the bank's current main office and operations center), opened for business on April 25, 1996. The bank's Millheim branch, which was temporarily housed in a trailer at Burkholder's Market, opened in May of 1997. The newly built permanent location for the Millheim branch officially opened in April of 2003. In this same year, Milestone Insurance Services was created, offering title insurance for real estate loans; in June 2006, Milestone Investment Services was established, expanding the bank's ability to offer customers additional choices of investment products and services.
INSIDE this EDITION JUST A WORD BY BOB GARRETT
P. 2
CONNECTING BUSINESS AND COMMUNITY
P. 3-4
LEADERSHIP SUSQUEHANNA VALLEY
P. 5-6
YOUNG AMERICANS
Continue on back page
Mifflinburg Bank & Trust The bank you keep for life."
P. 7