Mille Lacs County, MN Bank Note History

1882 $5 Brown Back bank note issued by First National Bank, Princeton, MN (Charter 4807), with pen signatures of S. S. Petterson, Cashier and Frank Hense, President

The National Banks, Bankers and Bank Notes of Mille Lacs County, MN (1892-1935)

'Hometown' National Bank Notes showing the bank's name, and signed by local bank officers, were issued by most National Banks during the National Bank Note Era (1863-1935). Mille Lacs County had three National Banks in operation between 1889 and 1935, and all three of those banks issued National Bank Notes.

For more information on Mille Lacs County, see their Wikipedia page.

National Banks of Mille Lacs County

View of the First National Bank of Milaca, circa 1908.

Milaca

• First National Bank (Charter 9050) (1908-1936+) (Open past 1935)

Princeton

• First National Bank (Charter 4807) (1892-1893) (Merged with Citizens State Bank)
• First National Bank (Charter 7708) (1905-1934) (Liquidated)

Prominent Bankers

• Burton P. Allen (Charter 9050; Plus 1 Indiana National Bank)
• John A. Allen (Charter 9050)
• Thomas H. Caley (Charters 4807,7708,9050)
• Frank Hense (Charter 4807; Plus 1 Washington National Bank)
• Charles Keith (Charter 9050; Plus 3 other MN National Banks and several State Banks)
• George H. Newbert (Charter 4807; Plus 2 other MN National Banks and multiple State Banks)
• John F. Petterson (Charter 7708)
• Swan S. Petterson (Charters 4807,7708; Plus 1 other MN National Bank and multiple State Banks)

National Bank Notes

$10 1902PB issued by the First National Bank of Milaca with pen signatures of J. A. Allen, Cashier and M. K. Rudd, Vice President

$20 1902DB issued by the First National Bank of Princeton with pen signatures of Jno. F. Petterson, Cashier and S. S. Petterson, President

$20 1929T1 issued by the First National Bank of Princeton with printed signatures of Jno. F. Petterson, Cashier and S. S. Petterson, President

National Bank Ephemera

1893 Princeton First National Bank check signed by VP George H. Newbert

1911 Princeton First National Bank Statement of Condition

Wiki Links

• Minnesota Bank Note History
• Information on the origin and history of National Bank Notes (Wikipedia)
• General information on Mille Lacs County (Wikipedia)
• General information on Minnesota (Wikipedia)

References

• Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
• Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
• Banks & Bankers Historical Database (1782-1935), https://bbdata.banknotehistory.com