Merchants National Bank, Saint Paul, MN (Charter 2020)

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2019 photo of 1892 location of Merchants National Bank.
2019 photo of 1892 location of Merchants National Bank. Courtesy of Google Maps
Postcard of Merchants National Bank, ca. 1916.
Postcard of Merchants National Bank, ca. 1916.
2019 photo of final location of Merchants National Bank.
2019 photo of final location of Merchants National Bank. Courtesy of Google Maps

Merchants National Bank, Saint Paul, MN (Chartered 1872 - Closed 1929)

Town History

Saint Paul (abbreviated St. Paul) is the capital and second-most populous city of the U.S. state of Minnesota. It is located in the east central part of the state.

Saint Paul is the county seat of Ramsey County, the smallest and most densely populated county in Minnesota. The city lies mostly on the east bank of the Mississippi River in the area surrounding its point of confluence with the Minnesota River, and adjoins Minneapolis, the state's largest city. Known as the "Twin Cities", the two form the core of Minneapolis–Saint Paul, the 16th-largest metropolitan area in the United States, with about 3.6 million residents.

Founded near historic Native American settlements as a trading and transportation center, the city rose to prominence when it was named the capital of the Minnesota Territory in 1849. The Dakota name for Saint Paul is "Imnizaska". Regionally, the city is known for the Xcel Energy Center, home of the Minnesota Wild, and for the Science Museum of Minnesota.

The settlement originally began at present-day Lambert's Landing, but was known as Pig's Eye after Pierre "Pig's Eye" Parrant established a popular tavern there. When Lucien Galtier, the first Catholic pastor of the region, established the Log Chapel of Saint Paul (shortly thereafter to become the first location of the Cathedral of Saint Paul), he made it known that the settlement was now to be called by that name, as "Saint Paul as applied to a town or city was well appropriated, this monosyllable is short, sounds good, it is understood by all Christian denominations".

The city had a population of 1,112 in 1850, climbing to 271,606 in 1930, with a high of 313,411 reached in 1960. The 2020 census found a population of 311,527.

Saint Paul has been home to 15 note issuing national banks; an additional two national banks did not issue notes.

Bank History

Official Bank Title(s)

1: The Merchants National Bank of Saint Paul, MN

Bank Note Types Issued

Original $5 bank note with pen signatures of Charles Nichols, Cashier and Maurice Auerbach, President, Courtesy of Heritage Auctions,
Original $5 bank note with pen signatures of Charles Nichols, Cashier and Maurice Auerbach, President, Courtesy of Heritage Auctions, http://www.ha.com
1882 Brown Back $100 bank note with pen signatures of Harry W. Parker, Assistant Cashier and Kenneth Clark, President, Courtesy of Heritage Auctions,
1882 Brown Back $100 bank note with pen signatures of Harry W. Parker, Assistant Cashier and Kenneth Clark, President, Courtesy of Heritage Auctions, http://www.ha.com

A total of $9,641,200 in National Bank Notes was issued by this bank between 1872 and 1929. This consisted of a total of 1,079,472 notes (1,079,472 large size and 0 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 - 2000
Original Series 4x5 1 - 2000
Original Series 3x10-20 1 - 7100
Series 1875 4x5 1 - 250
Series 1875 3x10-20 1 - 10553
1882 Brown Back 4x5 1 - 14250
1882 Brown Back 3x10-20 1 - 23800
1882 Brown Back 50-100 1 - 2350
1882 Date Back 4x5 1 - 35020
1882 Date Back 3x10-20 1 - 23223
1882 Date Back 50-100 1 - 262
1902 Date Back 4x5 1 - 51650
1902 Date Back 3x10-20 1 - 41340
1902 Plain Back 4x5 51651 - 84770
1902 Plain Back 3x10-20 41341 - 65596

Bank Presidents and Cashiers

1902 Date Back $20 bank note with stamped signatures of Harry W. Parker, Cashier and Donald S. Culver, President
1902 Date Back $20 bank note with stamped signatures of Harry W. Parker, Cashier and Donald S. Culver, President.
1902 Plain Back $20 bank note with pen signatures of Robert W. Lindeke, Cashier and Richard C. Lilly, President
1902 Plain Back $20 bank note with pen signatures of Robert W. Lindeke, Cashier and Richard C. Lilly, President.

First National Bank Presidents and Cashiers during the National Bank Note Era (1872 - 1929):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

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