First National Bank, Caledonia, MN (Charter 7508)
First National Bank, Caledonia, MN (Chartered 1904 - Liquidated 1940)
Town History
Caledonia is the county seat of Houston County in southeastern Minnesota. Caledonia was platted in 1854–1855. The town was named by founder Col. Samuel McPhail for the ancient Roman word for Scotland. A post office has been in operation at Caledonia since 1855. Caledonia was incorporated in 1870, and was reincorporated in 1889.
During the National Bank Note era Caledonia had a population of 470 in 1870, 1,554 in 1930, and as of 2010 the population was 2,868.
First National Bank was the only National Bank in Caledonia.
Bank History
- Organized Nov 19, 1904
- Chartered Dec 10, 1904
- Succeeded Houston County State Bank of Caledonia
- Opened for business Jan 3, 1905
- Bank was Open past 1935
- Liquidated May 23, 1940
- Absorbed by Sprague State Bank, Caledonia
Official Bank Title(s)
1: The First National Bank of Caledonia, MN
Bank Note Types Issued
A total of $155,630 in National Bank Notes was issued by this bank between 1904 and 1935. This consisted of a total of 19,396 notes (15,544 large size and 3,852 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s 1902 Red Seal 4x5 1 - 400 1902 Red Seal 3x10-20 1 - 320 1902 Date Back 4x5 1 - 775 1902 Date Back 3x10-20 1 - 560 1902 Plain Back 4x5 776 - 1910 1902 Plain Back 3x10-20 561 - 1256 1929 Type 1 6x5 1 - 381 1929 Type 1 6x10 1 - 202 1929 Type 1 6x20 1 - 59
Bank Presidents and Cashiers
First National Bank Presidents and Cashiers during the National Bank Note Era (1904 - 1936):
Presidents:
Cashiers:
- Tip Arron Beddow, 1905-1923
- Lisle Jacob "Lyle" Beddow, 1923-1935
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Minnesota Bank Note History
- General information on Caledonia (Wikipedia)
- General information on Houston County (Wikipedia)
- General information on Minnesota (Wikipedia)
Sources
- Caledonia, MN, Wikipedia, https://en.wikipedia.org/wiki/Caledonia,_Minnesota
- Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
- Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
- Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project