The Tolland County Bank was established August 4, 1826, at a meeting of leading citizens. They obtained a charter and the bank opened for business on March 18, 1829. In 1865, the bank obtained a charter as the Tolland County National Bank. It went out of business in 1885. The premises, furniture and fixtures were sold in 1886 to the Savings Bank of Tolland, which had been chartered in 1841, and had operated since that date in the same building and often with the same officers as the commercial bank. These records were among the contents of ten to fifteen burlap bags received by the State Library from an unknown source in 1935. Subsequent examination revealed the collection also contains Tolland town records, Tolland county records, and a few Farmington town papers. Also discovered were personal files of Frank T. Newcomb, who served as a cashier and treasurer of both banks, town clerk, town treasurer, and county treasurer. The collection includes bills and receipts, promissory notes, quarterly bank statements, correspondence, deeds and mortgages, and lists of subscribers.
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