First National Bank, Chaska, MN (Charter 8378)
First National Bank, Chaska, MN (Chartered 1906 - Closed (Merger) 2005)
Town History
Chaska is located in Carver County, Minnesota 20 miles west of Minneapolis. With a current population of 26,000 Chaska is much larger today then its population of roughly 2000 throughout the National Banknote issuing period. The name "Chaska" is derived from a Dakota word often given as a name to the first born male child. Records show that David L. Fuller purchased the "Shaska" townsite from Holmes in 1852. In 1857, the townsite was platted by the Shaska Company. In the same year, construction began on the original Carver County Courthouse located where the post office and KleinBank now stand in downtown Chaska. Chaska was incorporated as a village in 1871 and, by special legislative charter, as a city in 1891.
An abundance of high quality clay led to the start of brick making in 1857. By the 1880s, as a result of the clay resources, Chaska was a thriving brick manufacturing center. Bricks were shipped by boat to Saint Paul and, although the city grew as a result of steamboat trade, it was not until the Minneapolis and St. Louis Railway was built through town in 1873 that rapid expansion began. https://en.wikipedia.org/wiki/Chaska,_Minnesota#cite_note-CityHistory-8
Chaska had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
On September 20th, 1906 Minnesota Banker John G. Lund organized the First National of Chaska. It was charted just 4 days later with a capital of $25,000 and opened the following day for business on September 25th 1906. The bank must have had a temporary location because construction wasn’t started on the building until October of 1906. At a cost of $3000, the building was a single story (and a basement) 19x50 enameled brick building designed by Fremont D. Orff. This building still stands today and is currently used as a nail salon. Just months after founding the bank, John Lund sold the bank to Charles H. Klein and Christ P. Klein-Brothers who made a fortune off their ownership in the Chaska brickyards. In 1929 a new much larger building was built across the street where the bank remained until its merger in April 2005 into KleinBank of Big Lake, MN.
Official Bank Title(s)
1: The First National Bank of Chaska, MN
Bank Note Types Issued
A total of $337,070 in National Bank Notes was issued by this bank between 1906 and 2005. This consisted of a total of 42,538 notes (34,336 large size and 8,202 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Red Seal 4x5 1 - 200 1902 Red Seal 3x10-20 1 - 167 1902 Date Back 4x5 1 - 1725 1902 Date Back 3x10-20 1 - 1320 1902 Plain Back 4x5 1726 - 5025 1902 Plain Back 3x10-20 1321 - 3192 1929 Type 1 6x5 1 - 672 1929 Type 1 6x10 1 - 322 1929 Type 1 6x20 1 - 108 1929 Type 2 5 1 - 984 1929 Type 2 10 1 - 486 1929 Type 2 20 1 - 120
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1906 - 2005):
Presidents:
Cashiers:
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 Chaska (Wikipedia)
- General information on Carver County (Wikipedia)
- General information on Minnesota (Wikipedia)
Sources
- Chaska, MN, Wikipedia, https://en.wikipedia.org/wiki/Chaska,_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
- Minneapolis Journal October 21st 1906
- Mankato Free Press October 5th, 1906