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1980s. “It’s been a substantial bank. The people who owned the bank were farmers in those days.”
One of those farmers, who raised cattle, was Alfred Willis Bearing, who served as second president of the bank from 19071916. There’s a stoiy about him in the book, Rappahannock County, Virginia: A History, by Elisabeth and C. E. Johnson, Jr. It goes like this:
“An application for a real estate loan came in from Washington, DC. It may have been a bit on the edge of town then, but is probably in the heart now. Mr. Dearing drove a horse to Culpeper, took a train to Washington, and made an investigation.” Upon his return he recommended to the Board that the loan application be turned down. “Why,” he said, “that piece of ground wouldn’t graze five steers!”
Against this backdrop of an agricultural community the Rappahannock National Bank began business in the fall of 1902.
One hundred years later, the bank is embarking on a significantly new venture: the construction of a new bank facility, consisting of 7,000 square feet, three drive-through remote tellers and a drive-through 24 hour ATM.
Located on US 211, its completion is anticipated by next May. A special centennial celebration is scheduled for Friday, Sept. 20 from 3-7 p.m. at the bank on Gay Street.
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