First National Bank, Crosby, MN (Charter 9838)

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ca1910 Postcard of the First National Bank

First National Bank, Crosby, MN (Chartered 1910 - Closed (Merger) 2006)

Town History

2007 Photo of the old First National Bank building

Crosby is located in Crow Wing County in central Minnesota, and is adjacent to its twin city of Ironton, in the Cuyuna iron range. The town was built around 1910 for the sole purpose of mining. It was named for George H. Crosby, a businessman in the mining industry. Crosby was the location of Minnesota's worst mining disaster, the Milford Mine disaster. On February 5, 1924, a new tunnel was blasted too close to nearby Foley Lake, and water rushed in, killing 41 miners.

During the National Bank Note Era (1863-1935), the population of Crosby was 3,500 in 1920 and 3,451 in 1930. It's highest population was 3,500 in 1920, and the current population is estimated at 2,361 (2020).

Crosby had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.

Bank History

  • Organized Aug 23, 1910
  • Chartered Sep 7, 1910
  • Bank was Open past 1935
  • For Bank History after 1935 see FDIC Bank History website
  • Merged into Unity Bank in Rush City, MN Dec 30, 2006

Official Bank Title(s)

1: The First National Bank of Crosby, MN

Bank Note Types Issued

1902 Date Back $10 Serial Number 1 bank note with pen signature of S.G. Latta, Cashier and stamped signature of Isaac Hazlett, President.
1929 Type 1 $10 bank note with printed signatures of Ray A. Butts, Cashier and Isaac Hazlett, President.

A total of $321,830 in National Bank Notes was issued by this bank between 1910 and 2006. This consisted of a total of 32,183 notes (25,020 large size and 7,163 small size notes).

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

Series/Type Sheet/Denoms Serial#s Sheet Comments
1902 Date Back 4x10 1 - 2000
1902 Plain Back 4x10 2001 - 6255
1929 Type 1 6x10 1 - 1068
1929 Type 2 10 1 - 755

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1910 - 2006):

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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