Remember When: Parnassus National Bank closed in 1953 after the bank's president confessed to embezzling $600,000
There was a time when community banks in the Alle-Kiski Valley thrived. For example, there was the Old Freeport Bank and the Avonmore National Bank, both of which served their communities for many years. But, perhaps, the most well-known community bank was Parnassus National Bank. The bank dated to 1872,
Source: triblive.com