First National Bank, Peterson, IA (Charter 4601)

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Photo of the First National Bank building (Left) ca. 1910.

First National Bank, Peterson, IA (Chartered 1891 - Open past 1935)

Town History

The First National Bank building as it appeared in 2018. The building has since been razed.

Peterson is located in Clay County in northwest Iowa. The first settlement was made at Peterson in 1856. In 1862, a fort was built in Peterson by settlers to defend against anticipated Dakota attacks during the Dakota War, though the fort was never attacked. Peterson was platted in 1881 when the railroad was extended to that point. The city was named for Adlie Peterson, an early settler.

During the National Bank Note Era, the population of Peterson was 371 in 1890, increasing slightly 598 in 1930. It's highest population was 603 in 1940, and the current population is estimated at 309 (2019).

Peterson had 1 National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

  • Organized Jun 27, 1891
  • Chartered Jul 22, 1891
  • Bank was Open past 1935

Official Bank Title(s)

1: The First National Bank of Peterson, IA

Bank Note Types Issued

1882 Brown Back $10 bank note with pen signatures of George Clifford Allison, Cashier and Andrew S. Weir, President. Courtesy of Heritage Auctions, http://www.ha.com
1929 Type 2 $10 bank note with printed signatures of Peter John Toft, Cashier and Johann Frederick (John) Fastenow, President

A total of $599,050 in National Bank Notes was issued by this bank between 1891 and 1935. This consisted of a total of 48,112 notes (39,596 large size and 8,516 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 - 2290
1882 Date Back 3x10-20 1 - 481
1902 Date Back 3x10-20 1 - 1400
1902 Plain Back 3x10-20 1401 - 7128
1929 Type 1 6x10 1 - 1024
1929 Type 1 6x20 1 - 286
1929 Type 2 10 1 - 478
1929 Type 2 20 1 - 178

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1891 - 1936):

Presidents:

Cashiers:

Other Bank Note Signers

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

Wiki Links

Sources

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