First National Bank, Gary, SD (Charter 9393)

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ca.1935 postcard of the First National Bank building

First National Bank, Gary, SD (Chartered 1909 - Receivership 1933)

Town History

2011 photo of the old First National Bank building

Gary is located in Deuel County in eastern South Dakota. A post office called Gary was established in 1874. Gary was platted by the railroad in 1877, and incorporated in 1917. It was named for H. B. Gary, a postal official. An early name for the town was State Line.

During the National Bank Note Era, the population of Gary was 277 in 1890, increasing to 543 in 1930. It's highest population was 588 in 1920, and the current population is estimated at 226 (2018).

Gary's first bank was the Deuel County Bank, established around 1882, with Irving A. Sibley as President and C.L. Shelley as Cashier.

Bank History

  • Organized Mar 1, 1909
  • Chartered Apr 19, 1909
  • Succeeded State Bank of Gary
  • Opened for business May 5, 1909
  • Absorbed 10846 Jan 24, 1931 (National Bank, Gary, SD)
  • Conservatorship Mar 24, 1933
  • Receivership Dec 11, 1933

Official Bank Title(s)

1: The First National Bank of Gary, SD

Bank Note Types Issued

1902 Date Back $20 bank note with pen signature of T.M. Antony, Cashier and stamped signature of John Swenson, President
1929 Type 1 $10 bank note with printed signatures of F.E. Ovrom, Cashier and Samuel Lewison, President

A total of $273,330 in National Bank Notes was issued by this bank between 1909 and 1933. This consisted of a total of 21,960 notes (18,428 large size and 3,532 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1902 Date Back 3x10-20 1 - 1950
1902 Plain Back 3x10-20 1951 - 4607
1929 Type 1 6x10 1 - 458
1929 Type 1 6x20 1 - 126
1929 Type 2 10 1 - 18
1929 Type 2 20 1 - 10

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1909 - 1933):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  • Gary, SD, on Wikipedia
  • The Bankers Almanac and Register, January 1883 (New York: Homans & Banks, Publishers, 1883).
  • 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
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