Scandinavian American NB/Midland NB, Minneapolis, MN (Charter 9409)

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ca. 1915 postcard of Scandinavian American National Bank

Scandinavian American NB / Midland NB, Minneapolis, MN (Chartered 1909 - Closed (Merger) 1988)

Town History

ca. 1917-1925 postcard of Midland National Bank
2019 photo of bank building, Courtesy of Google Maps

Minneapolis is located in Hennepin County in east central Minnesota. French explorers arrived in the area around 1680. Fort Snelling, just south of present-day Minneapolis, was built in 1819 by the United States Army. It attracted traders, settlers and merchants, spurring growth in the area. The Minnesota Territorial Legislature authorized Minneapolis as a town in 1856, and it was incorporated as a city in 1867. The name Minneapolis is attributed to Charles Hoag, the city's first schoolmaster, who suggested Minnehapolis, derived from Minnehaha, and combined mni, a Dakota Sioux word for water, and polis, the Greek word for city.

During the National Bank Note Era, the population of Minneapolis was 13,066 in 1870, growing to 464,356 in 1930. It's highest population was 521,718 in 1950, and the current population is estimated at 425,403 (2018).

Minneapolis had 29 National Banks during the Bank Note Era, and 25 of those banks issued National Bank Notes.

Bank History

  • Organized Apr 2, 1909
  • Chartered May 17, 1909
  • 1: Absorbed 6449 Feb 8, 1911 (Clarke National Bank/Minnesota NB, Minneapolis, MN)
  • 1: Assumed 10261 Dec 12, 1914 (Commercial NB/National City Bank, Minneapolis, MN)
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Norwest Bank Minnesota, N.A. in Minneapolis, MN Jan 1, 1988

Official Bank Title(s)

1: The Scandinavian American National Bank of Minneapolis, MN

2: The Midland National Bank of Minneapolis, MN (12/10/1917)

3: Midland National Bank and Trust Company of Minneapolis, MN (7/17/1925)

Bank Note Types Issued

1st title, 1902 Date Back $10 bank note with stamped signatures of Edgar L. Mattson, Cashier and Theodore Wold, President, Courtesy of Lyn Knight Auctions, http://www.lynknight.com
2nd title, 1902 Plain Back $10 bank note with stamped signatures of E. V. Bloomquist Cashier, and Chas. B. Mills President
2nd title, 1902 Plain Back $20 bank note with stamped signatures of Trygve Oas Cashier, and Chas. B. Mills President, Courtesy of Lyn Knight Auctions, http://www.lynknight.com
3rd title, 1902 Plain Back $10 with stamped signatures of C. L. Keith Cashier, and Chas. B. Mills President, Courtesy of Lyn Knight Auctions, http://www.lynknight.com
3rd title, 1929 Type 2 $20 bank note with printed signatures of C. L. Keith, Cashier and Edgar L. Mattson, President

A total of $3,499,560 in National Bank Notes was issued by this bank between 1909 and 1935. This consisted of a total of 282,934 notes (185,008 large size and 97,926 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1: 1902 Date Back 3x10-20 1 - 9209
2: 1902 Plain Back 3x10-20 1 - 19200
3: 1902 Plain Back 3x10-20 1 - 17843
3: 1929 Type 1 6x10 1 - 10388
3: 1929 Type 1 6x20 1 - 2962
3: 1929 Type 2 10 1 - 14828
3: 1929 Type 2 20 1 - 2998

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1909 - 1936):

Presidents:

  • N. O. Werner, 1909-1909
  • Theodore Wold, 1910-1914
  • H. R. Lyon, 1915-1918
  • Chas. B. Mills, 1919-1931
  • Edgar L. Mattson, 1932-1935

Cashiers:

  • Knute Ekman, 1909-1909
  • C. L. Grandin, 1910-1911
  • Edgar L. Mattson, 1912-1914
  • E. V. Bloomquist, 1915-1920
  • Trygve Oas, 1921-1925
  • C. L. Keith, 1926-1935

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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