First National Bank, Hastings, MN (Charter 496)

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ca.1925 Postcard of the First National Bank

First National Bank, Hastings, MN (Chartered 1864 - Closed (Merger) 1994)

Town History

This could be recent photo of the bank or another postcard

Hastings is the county seat of Dakota County in eastern Minnesota, with a small portion of the town in Washington County. Originally called Oliver's Grove, Hastings was incorporated in 1857. It was named for the first elected governor of the state of Minnesota, Henry Hastings Sibley. The name "Hastings" was drawn out of a hat from suggestions placed in it by several of the original founders.

Located at the junction of the St. Croix & Mississippi Rivers, with the nearby Vermillion River Falls to provide water power, Hastings was a shipping and milling center for many years.

During the National Bank Note Era, the population of Hastings was 1653 in 1860, growing steadily to 5,086 in 1930. It's highest and current population is 22,713 (2018).

Hastings had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes. Hastings also had two Obsolete Banks that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

  • Organized Jul 15, 1864
  • Chartered Aug 18, 1864
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into First National Bank in Fulda, MN Sep 10, 1994

Official Bank Title(s)

1: The First National Bank of Hastings, MN

Bank Note Types Issued

1882 Brown Back $10 bank note with pen signatures of John Heinen, Cashier and Geo. W. Gardner, President. Courtesy Lyn Knight Currency Auctions lynknight.com
1929 Type 1 $10 bank note with printed signatures of H.P. Schoen, Cashier and Haydn S. Cole, President. Courtesy Lyn Knight Currency Auctions lynknight.com

A total of $632,200 in National Bank Notes was issued by this bank between 1864 and 1935. This consisted of a total of 63,292 notes (59,720 large size and 3,572 small size notes).

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

Series/Type Sheet/Denoms Serial#s
Original Series 3x1-2 1 - 2500
Original Series 4x5 1 - 1500
Original Series 3x10-20 1 - 2700
Series 1875 3x10-20 1 - 2084
1882 Brown Back 3x10-20 1 - 2510
1902 Red Seal 3x10-20 1 - 640
1902 Date Back 3x10-20 1 - 1500
1902 Plain Back 3x10-20 1501 - 2996
1929 Type 1 6x10 1 - 430
1929 Type 1 6x20 1 - 118
1929 Type 2 10 1 - 244
1929 Type 2 20 1 - 40

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1864 - 1936):

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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