First National Bank, Egan, SD (Charter 7252)

ca.1909 Postcard of the First National Bank

First National Bank, Egan, SD (Chartered 1904 - Receivership 1932)

Town History

2007 photo of the old First National Bank building

Egan is located in Moody County in eastern South Dakota. Egan was platted in April 1880 and incorporated in April 1881. It was supposedly named for a railroad employee.

During the National Bank Note Era (1863-1935), the population of Egan was 399 in 1890, growing to 569 in 1920, and dropping to 419 in 1930. It's highest population was 569 in 1920, and the current population is estimated at 276 (2016).

Egan's first bank was the (private) Bank of Egan, established in October 1881 by Melvin Grigsby and George M. Smith of Sioux Falls, SD.

Egan had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

• Organized Apr 23, 1904
• Chartered May 12, 1904
• Opened for business May 13, 1904
• Receivership Oct 10, 1932

Official Bank Title(s)

1: The First National Bank of Egan, SD

Bank Note Types Issued

1902 Plain Back $20 bank note with pen signature of A.B. Larson, Cashier and faded President signature

1929 Type 1 $10 bank note with printed signatures of J.D. Rathman, Cashier and A.B. Larson, President

A total of $320,280 in National Bank Notes was issued by this bank between 1904 and 1932. This consisted of a total of 25,776 notes (22,632 large size and 3,144 small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type	Sheet/Denoms	Serial#s
1902 Red Seal	3x10-20	1 - 1200
1902 Date Back	3x10-20	1 - 1680
1902 Plain Back	3x10-20	1681 - 4458
1929 Type 1	6x10	1 - 425
1929 Type 1	6x20	1 - 99

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1904 - 1932):

Presidents:

• William H. Pratt, Jr., 1904-1904
• George Rice, 1904-1924
• Alfred Bernhard Larson, 1925-1932

Cashiers:

• Alfred Bernhard Larson, 1904-1924
• Adolph Louis Gullickson, 1925-1927
• John Donald Rathman, 1928-1932

Other Known Bank Note Signers

• Clarence Wright Goodsell (Asst Cashier 1907...1910)

Bank Note History Links

• First National Bank, Egan, SD History (NB Lookup)
• Moody County Bank Note History (BNH Wiki)
• South Dakota Bank Note History (BNH Wiki)

Sources

• Dale A. Johnson and Anna Duncan, Echoes of Egan, Photo History of Egan, SD 1880-12010 (Flandreau, SD: Moody County Historical Society, 2010).
• Egan, SD, on Wikipedia
• 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