First National Bank, Owatonna, MN (Charter 1911)

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ca. 1919 postcard of First National Bank

First National Bank, Owatonna, MN (Chartered 1871 - Open past 1935)

Town History

This could be recent photo of the bank or another postcard

Owatonna is the county seat of Steele county in south central Minnesota. The earliest the Owatonna area was settled was in 1854 and platted in September 1855, but it was incorporated as a town August 9, 1858, then as a city on February 23, 1865. The community was named after the Straight River, which in the Dakota language is Wakpá Owóthaŋna. A popular, but apocryphal, story is that the town is named after "Princess Owatonna," the daughter of a local Indian chief who was supposedly healed by the magic waters of a nearby spring.

In 1860 Owatonna had a population of 609, the city has grown every decade since, climbing to a record high of 25,599 in 2010.

Owatonna was home to 3 national banks, all issuing notes.

For more information on the town of Owatonna, see their Wikipedia page.

Bank History

  • Organized Dec 6, 1871
  • Chartered Dec 29, 1871
  • Succeeded Easton & Kinyon (Jason C. Easton and William R. Kinyon)
  • Bank was Open past 1935
  • 1988 Changed name to First Bank Southeast, National Association
  • 2001 Merged into and subsequently operated as part of U.S. Bank National Association in Cincinnati, OH

Bank Note History Wiki links:

Official Bank Title(s)

1: The First National Bank of Owatonna, MN

Bank Note Types Issued

1875 Series $5 bank note with pen signatures of George R. Kinyon, Cashier and W. R. Kinyon, President
1929 Type 1 $20 bank note with printed signatures of R. A. Potter, Cashier and S. W. Kinyon, President

A total of $1,415,390 in National Bank Notes was issued by this bank between 1871 and 1935. This consisted of a total of 170,607 notes (153,188 large size and 17,419 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 - 2840
Original Series 4x5 1 - 4165
Series 1875 3x1-2 1 - 540
Series 1875 4x5 1 - 6236
1882 Brown Back 4x5 1 - 6725
1882 Brown Back 3x10-20 1 - 2600
1882 Date Back 4x5 1 - 1598
1882 Date Back 3x10-20 1 - 683
1902 Date Back 3x10-20 1 - 2500
1902 Plain Back 3x10-20 2501 - 12910
1929 Type 1 6x10 1 - 1860
1929 Type 1 6x20 1 - 582
1929 Type 2 10 1 - 2242
1929 Type 2 20 1 - 525

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1871 - 1936):

Presidents:

  • William R. Kinyon, 1872-1903
  • George R. Kinyon, 1904-1928
  • S. W. Kinyon, 1929-1933
  • R. S. Banfield, 1934-1935

Cashiers:

  • D. S. Kinyon, 1872-1874
  • Charles J. Kinyon, 1875-1882
  • George R. Kinyon, 1883-1903
  • Paul H. Evans, 1904-1906
  • Charles J. Kinyon, 1907-1922
  • L. S. Olson, 1922-1929
  • R. A. Potter, 1930-1930
  • H. M. Johnson, 1931-1935

Other Bank Note Signers

  • There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

References

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