Los Angeles County
Biographies
PHILANDER ELLSWORTH HATCH
HATCH, PHILANDER ELLSWORTH, Banker, President of the National Bank of Long Beach, Long Beach, Cal., was born at New Preston, Litchfield County, Connecticut, on July 25, 1861. His father was John Hatch and his mother was Diana L. (Canfield) Hatch. Mr. Hatch was married on November 7, 1883, to Miss Elouise C. Norton in Guilford, Conn. They have two children, John Ellsworth and Eleanor Norton Hatch.
After attending the public schools of New Milford until 1875, Mr. Hatch went to Whittlesey’s academy, New Preston, Conn., where he studied for two years, taking a preparatory course. From there he went to the Yale Business college, which he attended until 1879, when he graduated with high honors.
His first work was done in July, 1879, soon after he had graduated from Yale Business College. Mr. Hatch then connected himself with the firm of Sargant & Co. of New Haven, Conn., where he acted as entry and discount clerk, which position he held for two years. The next year he spent with Peck & Bishop, also of New Haven, where he held the position of bookkeeper. Leaving Peck & Bishop, he accepted a position as bookkeeper and cashier with H. B. Armstrong & Co. He retained this position for five years, resigning to go to Kenesaw, Neb.
Arriving at Kenesaw he immediately accepted the position of cashier of the Kenesaw Exchange Bank. This was in 1887, and Mr. Hatch retained the same position with this bank until October, 1894, when he removed direct to Long Beach, where he has resided since that time.
After settling in Long Beach, and thoroughly studying the needs of the city, he organized the Bank of Long Beach and became its first cashier in April, 1896., He retained this position for six years, when the bank of Long Beach was converted into the National Bank of Long Beach in 1902. In 1907 Mr. Hatch became the vice president of this bank, and in 1908 he was elected its president. In 1901 he organized the Long Beach Savings Bank. This institution is affiliated with the National Bank of Long Beach and Mr. Hatch is its vice president and manager.
In 1905 he organized the Bank of Wilmington, and was the president of the institution for the following three years. About this time the bank was nationalized and Mr. Hatch sold all his interests therein.
He became the president of the Long Beach Consolidated Gas Co. in 1910, when the Long Beach Gas Co (sic) and Inner Harbor consolidated.
In addition to the above Mr. Hatch is a member of many other leading enterprises, among which are the Western Steam Navigation Col, of which he is secretary and treasurer; the Long Beach Sash & Door Co., of which he is director, and of the Mutual Building Loan Association, of which he is treasurer. He is also a very large realty owner.
In 1894, when Mr. Hatch first settled in Long Beach, the city, in a commercial way, was still in its infancy. Since that period vast changes have taken place. Manufacturing and shipbuilding establishments have located there, magnificent office, hotel and residence structures have gone up until Long Beach is today a modern, prosperous city, built on a firm foundation.
In all of this vast development work Mr. Hatch has been a leading spirit, devoting a great deal of time and capital to furthering all sound projects that were calculated to be of the greatest good to the city and community in general.
Mr. Hatch is a member of the Jonathan Club of Los Angeles, the Los Angeles Chamber of Commerce and the Long Beach Chamber of Commerce, of which latter he has been a member for twelve years and its president for ten years.
Transcribed 5-26-09
Marilyn R. Pankey.
Source: Press
Reference Library, Western Edition Notables of the West, Vol. I, Page 280, International
News Service, New York, Chicago, San Francisco, Los Angeles, Boston,
Atlanta. 1913.
© 2009 Marilyn R. Pankey.
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