Western Reserve Chronicle, Sun, 22 Apr 1885 p. 8:3
"Honorable George Mygatt"
"Died in Cleveland, on Sunday evening, April 12th, in the 88th year of his age. Born in Danbury, Connecticut, June 14, 1798. His parents were Comfort S, Mygatt and Lucy Mygatt, who were among the pioneers of Canfield, now Mahoning county. They came from Danbury to Ohio, in the summer of 1807, arriving in Canfield on the 7th day of July, with four daughters, two sons and two step-sons. Of their children, Henry Stiles died in August, 1869, in the seventy-second year of his age.
Mr. Comfort Mygatt was engaged in the mercantile business in Canfield, some sixteen years. He had been a member of the Connecticut Legislature before removing to Ohio, and was one of the original corporators of the first bank on the Western Reserve. It was chartered in 1811-'12, and located in Warren. The first Board of Directors were Comfort S. Mygatt, Leonard Case, Simon Perkins, John Kinsman, Calvin Pease, Francis Freeman, Calvin Austin, and Henry Wick. Among the directors afterwards, were Governor Ford, Elisha Whittlesey, Asael Adams and Frederick Kinsman.
Mr. Zalmon Fitch, a brother-in-law of George Mygatt, was chosen, in 1812, the first cashier, and remained in that position until he was promoted to the Presidency April 5, 1836.
Although this Western Reserve Bank was among the first banks chartered in the State, it was the only one that continued solvent until the end of the State bank organizations in 1863.
Mr. George Mygatt entered the employ of the Western Reserve Bank at Warren in 1818 as Teller and Book-keeper. He carried on as a mercantile business in Warren for about five years; a part of the time as a partner with Asael Adams. He was elected Sheriff of Trumbull county in 1829 and re-elected in 1831, serving four years.
He removed to Huron county in 1834 and was cashier of the bank of Norwalk two years. He removed to Painesville and was Cashier of the bank of Geauga for ten years. He removed to Cleveland in 1846 and was elected President of the City Bank of Cleveland, which position he held for four years. He was a member of the firm of Mygatt & Brown, private bankers in Cleveland, for six years. He was elected to the State Legislature from Cuyahoga county in 1855 and served two years.
In 1857, the Merchants Bank of Cleveland becoming deeply involved by the failure of the Ohio Life and Trust Company, of Cincinnati, Mr. Mygatt was prevailed upon to become its cashier. A disastrous panic was then sweeping over the country, but owing to Mr. Mygatt's successful management, the bank, although compelled to sink a large portion of its stock, was enabled to maintain its integrity and redeem its notes. In 1861 he retired from active business life, but idleness was irksome to him, and in 1865 he became secretary of the Cleveland & Mahoning Railroad Company, a position which he held for several years and then retired permanently.
The deceased was one of the prominent members of the Old Stone Church, having connected himself with it when he first came to Cleveland, nearly forty years ago. A large portion of his time and means have always been devoted to benevolent purposes. The Sunday schools, the church, industrial school, and in fact all charitable movements, found in him a liberal supporter, and the memory of his good deeds will long survive him.
The bare recital of facts in the life of Mr. Mygatt, shows it to have been one of remarkable activity, and his industry and activity were attended with equal success. As a business man he was characterized by the strictest integrity, always preserving a quiet, considerate policy, and by incessant industry, accomplishing a great deal. He was a gentleman of the old school, and was noted for his genial, social disposition. To the hour of his death, which was caused by old age, he retained in a remarkable degree his mental faculties.
He was married at Warren, in 1820 (19 Apr 1820) to Miss Eliza Freeman, a sister of the late Judge Francis Freeman. This union was blessed with six children, only one of whom survives, viz.; Lucy, now widow of the Hon. Franklin T. Backus. Residing in Warren are his nephews, viz.: Mr. George and Whittlesey Adams, James Hoyt, Lewis Hoyt, Edward W. Hoyt, John S. Hoyt and Edward A. Smith."


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