First National Bank in Two Harbors, MN (Charter 12357)

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This should be a contemporary postcard or photo of the bank. (x300px)

First National Bank in Two Harbors, MN (Chartered 1923 - Closed (Merger) 1988)

Town History

2007 photo of the old First National Bank building (with remodeled front).
Photo of an old First National Bank plaque on the back of the bank building.

Two Harbors is the county seat of Lake County in north eastern Minnesota, along the north shore of Lake Superior. The village of Two Harbors was platted in 1885 and incorporated in 1888. It was named for its two natural harbors on Lake Superior, Burlington Bay and Agate Bay. The three big industries during Two Harbor's history have been iron ore mining (and the Duluth and Iron Range Railroad), timber, and commercial fishing.

During the National Bank Note Era (1863-1935), the population of Two Harbors was 3,278 in 1900, growing rapidly to its highest population of 4,990 in 1910, dropping to 4,425 in 1930. It's current population is estimated at 3,592 (2019).

Two Harbors had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes. No notes are currently known to have survived from the earlier First National Bank of Two Harbors (Charter 6304), that was in business from 1902 to 1905.

Bank History

  • Organized Apr 11, 1923
  • Chartered Apr 17, 1923
  • Succeeded First State Bank of Two Harbors (which succeeded First National Bank of Two Harbors (Charter 6304) in 1905)
  • Associated with Union Investment Company (Minneapolis) (since 1905)
  • Absorbed First National Bank of Aurora, MN (Charter 11345) Jan 9, 1928
  • Affiliated with Northwest Bancorporation (Minneapolis) Oct 6, 1929
  • Changed name to First Northwestern National Bank of Two Harbors Feb 1, 1977
  • Changed name to Norwest Bank Two Harbors, NA May 1, 1983
  • Acquired Norwest Bank of Silver Bay, MN Mar 14, 1984
  • Closed/Merged into Norwest Bank Minnesota North, NA in Duluth Aug 1, 1988
  • Merged into Wells Fargo Bank Minnesota, NA in Minneapolis Jul 8, 2000
  • Merged into Wells Fargo Bank, NA in Sioux Falls, SD Feb 20, 2004

Official Bank Title(s)

1: First National Bank in Two Harbors, MN

Bank Note Types Issued

Serial Number 1A 1902 Plain Back $5 bank note with pen signatures of Wm. G. Peterson, Cashier and John A. Barton, President.
Series 1929 Type 2 $10 bank note with printed signatures of Wm. G. Peterson, Cashier and A.E. Haugan, President.

A total of $368,400 in National Bank Notes was issued by this bank between 1923 and 1935. This consisted of a total of 45,382 notes (26,516 large size and 18,866 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Plain Back 4x5 1 - 3764
1902 Plain Back 3x10-20 1 - 2865
1929 Type 1 6x5 1 - 1590
1929 Type 1 6x10 1 - 906
1929 Type 1 6x20 1 - 226
1929 Type 2 5 1 - 1360
1929 Type 2 10 1 - 959
1929 Type 2 20 1 - 215

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1923 - 1935):

Presidents:

Cashiers:

  • William George Peterson, 1923-1935

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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