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Bank Info for NB Charter 1597 (1865 - 1881)

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Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Shakopee, MN
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1865-1870 Foster Lamson Balch David Lennox How
1871-1881 David Lennox How Horace Burton Strait
Other Known Bank Note Signers
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
Original Series 4x5 1 - 4575
Series 1875 4x5 1 - 2230
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Sep 23, 1865
  • Chartered Oct 20, 1865
  • Liquidated Aug 10, 1881
  • Succeeded by Bank of Shakopee
  • Notation on Organization Report:
  • In place of Farmers Bank
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded by Bank of Shakopee
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1870) $120,628
High Bal (1878) $196,556
Circulation Summary
Low Bal (1870) $42,460
High Bal (1874) $45,000
Total Out (1880) $45,000
# Large Notes 27,220
# Small Notes 0
# Total Notes 27,220
$ Large Size $136,100
$ Small Size $0
$ Total Issued $136,100
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Oct-01-1866 $123,417.44 $43,500.00
Oct-07-1867 $122,807.06 $43,300.00
Oct-05-1868 $121,508.50 $42,800.00
Oct-09-1869 $127,385.56 $43,350.00
Oct-08-1870 $120,628.41 $42,460.00
Oct-02-1871 $163,435.47 $43,890.00
Oct-03-1872 $149,245.81 $44,845.00
Sep-12-1873 $172,418.64 $44,895.00
Oct-02-1874 $162,601.11 $45,000.00
Oct-01-1875 $160,114.34 $45,000.00
Oct-02-1876 $165,524.06 $45,000.00
Oct-01-1877 $183,885.20 $45,000.00
Oct-01-1878 $196,555.76 $45,000.00
Oct-02-1879 $171,881.31 $45,000.00
Oct-01-1880 $180,793.00 $45,000.00

 

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