First National Bank, Eyota, MN (Charter 5374)

ca. 1908 Street view postcard of the First National Bank (far left).

First National Bank, Eyota, MN (Chartered 1900 - Liquidated 1916)

Town History

2017 Street view photo of the old bank building (far left).

Eyota is a city in Olmsted County in southeastern Minnesota.

Eyota was platted in 1864. The name Eyota is derived from the Sioux Indian word iyotak, meaning "greatest" or "most". A post office has been in operation at Eyota since 1864. The city was incorporated on February 16, 1875.

During the National Bank Note Era Eyota had a population of 404 in 1880, going up and down and then ending at the exact same number in 1930, as of 2010 the population is 1,977.

First National Bank was the only National Bank in Eyota during the National Bank Note Era (1863-1935).

Bank History

2017 Photo of the old First National Bank building.

• Organized May 19, 1900
• Chartered May 26, 1900
• Liquidated Jun 1, 1916

Official Bank Title(s)

1: The First National Bank of Eyota, MN

Bank Note Types Issued

1882 Date Back $20 bank note with pen signatures of B.L. Johnson, Cashier and F.H. Russell, President

A total of $155,250 in National Bank Notes was issued by this bank between 1900 and 1916. This consisted of a total of 19,128 notes (19,128 large size and 0 small size notes).

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

Series/Type	Sheet/Denoms	Serial#s
1882 Brown Back	4x5	1 - 1125
1882 Brown Back	3x10-20	1 - 860
1882 Date Back	4x5	1 - 1575
1882 Date Back	3x10-20	1 - 1120
1882 Value Back	4x5	1576 - 1670
1882 Value Back	3x10-20	1121 - 1127

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1900 - 1916):

Presidents:

• Verrazano Simpson, 1900-1904
• Charles Powers Russell, 1905-1911
• Fred Hugh Russell, 1912-1915

Cashiers:

• Fred Hugh Russell, 1900-1911
• B. L. Johnson, 1912-1915

Other Known Bank Note Signers

• No other known bank note signers for this bank

Bank Note History Links

• First National Bank, Eyota, MN History (NB Lookup)
• Olmsted County Bank Note History (BNH Wiki)
• Minnesota Bank Note History (BNH Wiki)

Sources

• Eyota, MN, Wikipedia, https://en.wikipedia.org/wiki/Eyota,_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