First National Bank, Flandreau, SD (Charter 5854)

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ca. 1910 postcard of the First National Bank building.

First National Bank, Flandreau, SD (Chartered 1901 - Receivership 1932)

Town History

2013 photo of the old First National Bank building. Courtesy of Google maps.

Flandreau is the county seat of Moody County in east-central South Dakota on the border with Minnesota.

The British established a Hudson's Bay Company trading post in 1763 near present-day Flandreau. The town of Flandreau (also known as Flandrau in its early days) was originally settled in 1857, and named for U.S Indian Agent Charles Eugene Flandrau. The settlement, like others in the region was abandoned within a year, as a result of threatening activities of the Yankton Sioux. In 1869, the town was resettled by twenty-five families of Christianized Sioux from the Santee reservation. White settlement resumed in 1872, and when Moody County was organized in 1873, Flandreau was made the county seat. The U.S. Post Office was established there in 1871, and the town was incorporated in 1902.

During the National Bank Note Era (1863-1935), the population of Flandreau was 569 in 1890, growing to 1,244 in 1900 and 1,934 in 1930. It's highest population was 2,376 in 2000, and the current population is estimated at 2,316 (2019).

Flandreau's first bank was the (private) Bank of Flandrau, established in 1880, with O.D. Brown as President and C.C. Brown as Cashier.

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

Bank History

ca. 1916 interior photo of the First National Bank. Courtesy of Flandreau Tecweb.
  • Organized May 29, 1901
  • Chartered Jun 8, 1901
  • Opened for business Sep 25, 1901
  • Receivership Nov 3, 1932
  • Robbed by Pretty Boy Floyd and his gang on September 1, 1932 of $10,000.

Official Bank Title(s)

1: The First National Bank of Flandreau, SD

Bank Note Types Issued

Series 1882 Date Back $20 large size bank note with stamped signatures of Jas. T. Bigelow, Cashier and Thomas Kelley, President.
Series 1929 Type 1 $10 small size bank note with printed signatures of J.R. Coonrod, Cashier and Jas. T. Bigelow, President.

A total of $463,940 in National Bank Notes was issued by this bank between 1901 and 1932. This consisted of a total of 37,162 notes (32,440 large size and 4,722 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1882 Brown Back 3x10-20 1 - 1340
1882 Date Back 3x10-20 1 - 2500
1882 Value Back 3x10-20 2501 - 3951
1902 Plain Back 3x10-20 1 - 2819
1929 Type 1 6x10 1 - 600
1929 Type 1 6x20 1 - 187

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1901 - 1932):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

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