West Troy, New York. 1902 Plain Back $5 Fr. 598. The NB. Charter #1265. PMG Choice Uncirculated 64 EPQ.The town of Watervliet is located in Albany County and is right across the Hudson River from Troy. This explains why First Charter notes from this bank had the town name of West Troy. In 1896 the town was renamed Watervliet, which means "flats by the water." We sold a $10 Plain Back, graded PMG Choice About Uncirculated 58 EPQ, for $600 in our 2017 November Baltimore sale. This essentially gem example is certainly one of the finest known.