Hallowell, Maine. Kennebec Bank. 1824 $1. PCGS Currency Very Fine 25.
No. 675. Plate B. PSSP. The Kennebec Bank was established in 1812 and was in reality a Hallowell bank, under Hallowell management. Prior to 1816, however, it had a legal address in Augusta. The banking rules followed at the time, didn't allow for small towns like Hallowell to have more than one bank, and there was already one that had been chartered for the town, namely the Hallowell & Augusta Bank that had commenced business in 1804. Nevertheless, in 1816, the Kennebec Bank received formal authorization to change its address from Augusta to Hallowell.

Estimate: $100.00- $150.00