Charles McGill Lamberton

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Husband Charles McGill Lamberton ¹

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           Born: 16 Feb 1857 - Franklin, Venango Co, PA 1
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           Died: Aft 1919
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         Father: James Gilfillan Lamberton (1818-1903) 2 3 4
         Mother: Anna M. Whiting (      -1886) 1 4

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Wife

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Children

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General Notes: Husband - Charles McGill Lamberton

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He received his education in the grammar and high schools of his native place and at the Eastman business college, Poughkeepsie, New York, from which he was graduated Jan. 1, 1877. On Jan. 16, 1877, he began to work as a clerk in the Lamberton Bank of Oil City, Pennsylvania, where he was thoroughly trained in the details of banking, being employed in all the departments in turn and earning gradual promotion until he became cashier, in 1892, and one of the owners. He has been associated with the bank in this capacity since, and in that position and also as one of the owners has been influential in directing its policies and keeping them up to the high standards long ago established by the Lambertons in their financial operations. The bank was re-organized in 1900 as the Lamberton National Bank of Oil City, and the officers are R. G. Lamberton, president; S. H. Lamberton, vice president; C. M. Lamberton, cashier; R. G., S. H., C. M., Chess and Harry Lamberton, directors. E. S. Rugh is assistant cashier. With a capital of $100,000, this bank according to the report made Sept. 17, 1917, had a surplus of over $400,000, circulation of $100,000 and deposits of $3,390,193.74 (the total resources now are over four millions); in points of surplus and undivided profits to capital in the year 1915 it was first in the city and county, twenty-seventh in the State, and fifty-sixth in the United States. Its business record places it among the "Roll of Honor" banks, those "possessing surplus and profits in excess of capital, thus giving tangible evidence of strength and security." Less than twenty per cent. of the national banks in the United States are so listed. The Lamberton National Bank is a depositary for State, United States and United States Postal funds.
Mr. Lamberton has acquired large property interests in Oil City and Franklin, and is a director of the Oil City Chamber of Commerce. He makes his home in Oil City, where he has been very prominent socially, having been one of the organizers of the Venango Club, which he is now serving as president; one of the organizers of the Ivy Club, of which he was president for some years; a member of the Wanango Country Club; of the Oil City Boat Club; and an original member of the Elks Club of Oil City, of which he was the first treasurer. His church connection is with the Presbyterians. [HVC 1919, 466]

1 Charles A. Babcock, Venango County, Pennsylvania, Her Pioneers and People (Chicago, IL: J. H. Beers & Co., 1919), Pg 465.

2 —, History of Butler County, Pennsylvania (R. C. Brown & Co. Publishers, 1895), Pg 691.

3 Charles A. Babcock, Venango County, Pennsylvania, Her Pioneers and People (Chicago, IL: J. H. Beers & Co., 1919), Pg 457, 464.

4 S. J. M. Eaton, D.D, Memorial of the Hon. Robert Lamberton (Franklin, PA: Privately published, 1885), Pg 22.