Greenville was founded in the 1870s by Franklin Pierce, who emigrated to Oregon in 1852. It was a supply center for those who lived between Buxton and Forest Grove, and the town was located 2 miles south of present-day Banks. A post office was established in 1871, and Franklin Pierce opened a store in 1874. The Post Office closed in 1907, and the town is now virtually non-existent.
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