Delmer Runkel was an outstanding financier and community activist. He lived in Hoosick Falls for 25 years. Mr. Runkel was born in Boght, Albany County on March 3, 1856. He went to school in Troy and graduated from Troy Business School.
In 1872 he became secretary to William Gay, cashier of the National State Bank of Troy. Mr. Gay was also treasurer of the Walter A. Wood Mowing and Reaping Machine Company of Hoosick Falls.
In 1885, Delmer Runkle became head of the collection department of the Wood Factory. In 1886 he moved to Hoosick Falls and worked in this department until May 1901.
In that month he resigned from the Wood Company and organized the Peoples National Bank. He was the cashier and a director until 1912. At the death of the president, Charles Cheney, he was named president and served until 1929.
Under Mr. Runkel the bank entered a new era of progress. With widespread acquaintances , Mr. Runkel attracted to the bank much new business. The bank grew and the quarters of the bank had to be expanded. Many individuals from the surrounding area started to do business in Hoosick Falls, creating business for the other businesses in the community.
In 1931 he became president of the National City Bank of Troy and moved to Troy. He stayed on as chairman of the board of Peoples Bank in Hoosick Falls. In 1932 the Peoples Bank merged with the First National Bank in Hoosick Falls.
During his 45 years in Hoosick Falls he was connected with and took an active part in virtually every business and civic interest in the Village of Hoosick Falls. At the time he left the village he was president and trustee of the Permanent Savings and Loan and was one of the organizers of this institution. He was president and trustee of the Cheney Library, the Hoosick Falls Cemetery Association and an elder in the First Presbyterian Church.
For twenty years he was a trustee of the local School Board. A Delmer Runkle prize is given each year at the Central School.