Murray County, MN Bank Note History

1902 Plain Back $5 bank note issued by First National Bank of Slayton, MN (Charter 5256) with pen signatures of F.D. Weck, Cashier (1910-1927) and C.E. Dinehart, President (1910-1927).

The National Banks, Bankers and Bank Notes of Murray County, MN (1900-1935)

'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). Murray County had five National Banks in operation between 1900 and 1935, and all five of those banks issued National Bank Notes.

National Banks of Murray County

ca. 1900-1927 photo of interior of First National Bank of Slayton, MN, pictured are: Ray L. Reed, Frank Weck, Dick Lamb, B.I. Weld and unknown, Courtesy of Murray County Historical Society.

Avoca

First National Bank (Charter 11224) (1918-1928) (Receivership/Local Depression)

Fulda

First National Bank (Charter 6054) (1901-1926) (Receivership/Local Depression)

Iona

First National Bank (Charter 7128) (1904-1930) (Liquidated/Absorbed by Murray County State Bank of Slayton, MN)

Lake Wilson

First National Bank (Charter 11293) (1919-1936+) (Converted to a State Chartered Bank)

Slayton

First National Bank (Charter 5256) (1900-1927) (Liquidated/Absorbed by State Bank of Slayton)

Prominent Bankers

Christopher E. Dinehart (Charters 5256,7128)
John M. Dickson (Charter 6054)
John S. Tolversen (Charters 5256,6054)
Frank D. Weck (Charters 5256,7128)
Burt I. Weld (Charter 5256)
James F. Toy (Charter 5256; Plus 11-IA, 5-NE & 1-SD National Banks)

National Bank Notes

1902 Plain Back $5 bank note issued by First National Bank of Avoca, MN with stamped signatures of O.P. Rakness, Cashier and T.O. Westby, President

1902 Plain Back $20 bank note issued by First National Bank of Fulda, MN with stamped signatures of T.P. Downey, Cashier and John S. Tolversen, President

1902 Red Seal $10 bank note issued by First National Bank of Iona, MN with pen signatures of A. Gullord, Cashier and F.D. Weck, Vice-President

1929 Type 2 $20 bank note issued by First National Bank of Lake Wilson, MN with printed signatures of G.A. Swenson, Cashier and J.F. Nepp, President

National Bank Ephemera

First National Bank, Avoca, MN Statement of Condition May 4, 1920

ca. 1925 Postcard of the First National Bank of Fulda, MN

ca. 1910 Postcard of the First National Bank of Iona, MN

Wiki Links

Sources

Murray County, MN Historical Society, https://murraycountyhistoricalsociety.org/
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