[p. 983] one of New Castle's prominent and representative citizens, who carries on a large fire insurance business in this city and is interested to a considerable extent in real estate, was born at New Wilmington, Lawrence County, Pennsylvania, in 1873, and is a son of the late A. J. Buchanan.
Andrew Buchanan, the grandfather of L. M., was one of the pioneer settlers at Eastbrook, Lawrence County, and the family has been one of substance and prominence for years and identified with many of the successful enterprises of Lawrence County.
L. M. Buchanan was reared on his father's farm and obtained his education in the country schools near New Wilmington and at Grove City. After he came to New Castle he engaged in clerking for one of the business houses for a time, then followed contract painting for a period. In 1898 he embarked in the real estate and insurance business and for some years has been one of the most active dealers in realty in New Castle. In fire insurance he represents the Northwestern National and Milwaukee Mechanics, of Milwaukee, Wis., and the National of Pittsburg, with several others, and also the United States Fidelity and Guarantee Company. He was one of the men instrumental in promoting and organizing the Union National Bank, which has been in operation since January, 1907. This bank has a capital stock of $100,000, with surplus of over $10,000, and its officers are the following capitalists: W. W. Eichbaum, president; L. M. Buchanan, first vice-president; Calvin Smith, second vice-president, and J. E. Aiken, cashier, who, together with the following well known men, constitute the board of directors: James A. George, Jere Blucher, J. W. Neff, M. L. Cukerbraum, M. L. Wallace, Lyle G. Emery, W. S. Reynolds, L. M. Uber, W. G. Eckles, Samuel Hoffmeister and A. W. Reynolds.
In 1901 Mr. Buchanan was married to Miss Minta Carson, a resident of New Castle. He is a member of Grace Methodist Episcopal Church. Mr. Buchanan belongs also to the Business Men's Exchange.
20th Century History of New Castle and Lawrence County Pennsylvania and Representative Citizens Hon. Aaron L. Hazen Richmond-Arnold Publishing Company, Chicago, Ill., 1908
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Updated: 12 Feb 2002