First National Bank, Saint James, MN (Charter 4859)

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ca. 1909 postcard of First National Bank

First National Bank of Saint James, MN (Chartered 1893 - Receivership 1926)

Town History

2013 photo of bank building, 500 1st Avenue South, Courtesy of Google Maps

St. James is the county seat of Watonwan County in south central Minnesota. In 1870, the directors of the St. Paul and Sioux City railroads chose the future townsite of St. James as the midpoint for a new railroad linking the two cities. Named for James Purington, an early settler, the new city was incorporated in 1871. It was the hometown of Minnesota Governor Winfield Scott Hammond, a Democrat who served in 1915. In the 1940s, Theodore S. Mondale, the father of future Vice President of the United States Walter Mondale, was the pastor at First Methodist Church of St. James. Tony Downs Foods Co. has been a major employer since 1947, processing poultry and frozen meals.

St. James contains two properties listed on the National Register of Historic Places: the Grand Opera House (completed in 1892) and the Watonwan County Courthouse (completed in 1896).

In 1880 the population was 444, climbing to 2,808 in 1930, with a high mark of 4,695 in 2000, currently (2010) the population is 4,605.

St. James had two National Banks during the Bank Note Era, and both issued National Bank Notes.

Bank History

  • Organized Jan 30, 1893
  • Chartered Feb 11, 1893
  • Succeeded State Bank of Saint James
  • Receivership Nov 30, 1926

Official Bank Title(s)

1: The First National Bank of Saint James, MN

Bank Note Types Issued

1902 Plain Back $10 bank note with stamped signatures of Thomas Tonnesson, Cashier and J. K. Sonnesyn, President, Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $468,240 in National Bank Notes was issued by this bank between 1893 and 1926. This consisted of a total of 47,448 notes (47,448 large size and 0 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1882 Brown Back 4x5 1 - 2000
1882 Brown Back 3x10-20 1 - 590
1882 Date Back 4x5 1 - 2162
1882 Date Back 3x10-20 1 - 1432
1902 Date Back 3x10-20 1 - 1500
1902 Plain Back 3x10-20 1501 - 5678

Bank Presidents and Cashiers

1902 Plain Back $20 bank note with stamped signatures of E. C. Veltum, Cashier and Thomas Tonnesson, President
1902 Plain Back $10 bank note with stamped signatures of Herbert Tonnesson, Cashier and E. C. Veltum, Vice-President, Courtesy of Lyn Knight Auctions, www.lynknight.com

First National Bank Presidents and Cashiers during the National Bank Note Era (1893 - 1926):

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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