A BRIEF 11° THE 
FIRST NATIONAL © TTTSBURGH 
The First National Bank began business in 1852 as The 
Pittsburgh Trust & Savings Company. 
When the National Banking Act of February, 1863, was 
pending in Congress, application was made for a national 
charter, which was granted August 5, 1863, and three days 
later The First National Bank of Pittsburgh began business 
with a capital of $500,000. It was the first bank-in Pittsburgh 
to avail itself of the new national bank law, and one of the 
first in the nation, its charter being No. 48. 
In 1854 the bank moved to Wood Street near Fifth 
Avenue, and in 1858 purchased its present site. In 1871 the 
old First National building, still well remembered by many 
Pittsburghers, was erected, being torn down in 1909 to make 
way for its present structure, originally five stories but ex- 
tended to twenty-six stories in 1911. 
In 1902 it purchased and absorbed the Mechanics Na- 
tional Bank and increased its capital to $1,000,000. In 1906 
the Industrial National Bank was absorbed and in 1913 the 
institution was consolidated with the Second National Bank 
of Pittsburgh. The corporate title was changed in 1918 to 
The First National Bank at Pittsburgh. 
In 1921 the Peoples National Bank was purchased and the 
capital increased to $5,000,000, later increased to $6,000,000 
in 1926 by the declaration of a 20% stock dividend. 
The institution is one of the largest of its kind in the 
[nited States, and its scope extends beyond the local confines. 
It operates a Commercial, Foreign Exchange, Steamship, 
Savings, Safe Deposit, Trust and Bond Department, and 
aqumbers among its clients some of the outstanding corpora- 
tions in the Western Pennsylvania District. 
Its Directorate is composed of representative business men, 
leaders in the foremost manufacturing and mercantile lines in 
the Pittsburgh District, under whose guidance the institution 
has become one of Pittsburgh’s major financial units. 
At present the authorized and outstanding capital stock 
of the institution is $6,000,000, par value $100. It has been 
paying dividends at the rate of 109, annually, with extra 
dividends of 29, per annum, payable quarterly. Its statement 
of June 80, 1930, showed: 
Capital... . . .. 
Surplus... ee 
Undivided Profits and Reserves. ... 
Deposits. ...... 
Total Resources