First National Bank, Caledonia, MN (Charter 7508)

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ca. 1909 Postcard of the First National Bank

First National Bank, Caledonia, MN (Chartered 1904 - Liquidated 1940)

Town History

This could be recent photo of the bank or another postcard

Caledonia is the county seat of Houston County in southeastern Minnesota. Caledonia was platted in 1854–1855. The town was named by founder Col. Samuel McPhail for the ancient Roman word for Scotland. A post office has been in operation at Caledonia since 1855. Caledonia was incorporated in 1870, and was reincorporated in 1889.

During the National Bank Note era Caledonia had a population of 470 in 1870, 1,554 in 1930, and as of 2010 the population was 2,868.

First National Bank was the only National Bank in Caledonia.

Bank History

  • Organized Nov 19, 1904
  • Chartered Dec 10, 1904
  • Succeeded Houston County State Bank of Caledonia
  • Opened for business Jan 3, 1905
  • Bank was Open past 1935
  • Liquidated May 23, 1940
  • Absorbed by Sprague State Bank, Caledonia

Official Bank Title(s)

1: The First National Bank of Caledonia, MN

Bank Note Types Issued

1902 Plain Back $5 bank note with pen signatures of L. J. Beddow, Cashier and H. J. Blexrud, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1929 Type 1 $10 bank note with printed signatures of L. J. Beddow, Cashier and H. J. Blexrud, President. Courtesy of Lyn Knight Auctions, www.lynknight.com

A total of $155,630 in National Bank Notes was issued by this bank between 1904 and 1935. This consisted of a total of 19,396 notes (15,544 large size and 3,852 small size notes).

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

Series/Type Sheet/Denoms Serial#s
1902 Red Seal 4x5 1 - 400
1902 Red Seal 3x10-20 1 - 320
1902 Date Back 4x5 1 - 775
1902 Date Back 3x10-20 1 - 560
1902 Plain Back 4x5 776 - 1910
1902 Plain Back 3x10-20 561 - 1256
1929 Type 1 6x5 1 - 381
1929 Type 1 6x10 1 - 202
1929 Type 1 6x20 1 - 59

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1904 - 1936):

Presidents:

Cashiers:

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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