Merchants National Bank, Winona, MN (Charter 2268)

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Merchants National Bank, Winona, MN (Chartered 1875 - Liquidated 1879)

ca. 1875 bank location, Center Street
modern photo of 1897 bank location, 129 East Third Street

The Merchants National Bank was chartered May 22, 1875, and opened for business on Monday July 12, 1875. The bank was liquidated June 16, 1879 to be succeeded by the Merchants Bank as a state bank under the same management. On July 1, 1944, the Merchants Bank was converted to the Merchants National Bank with charter 14488, which later changed its name to Merchants Bank, National Association on September 1, 2001. The bank remains in business today (2021), still located in their famous 'Prairie School' style bank building, which was built in 1912, and placed on the National Register of Historic Places in 1974.

Town History

modern photo of current building (built in 1912), 102 East Third Street

Winona is the county seat of Winona County, in southeastern Minnesota. The city of Winona began on the site of a Native American village named Keoxa. Non-Native Americans settled the area in 1851 and laid out the town into lots in 1852 and 1853. The city is named after legendary figure Winona, said to have been the first-born daughter of Chief Wapasha (Wabasha) III. During the National Bank Note Era, the population of Winona was 7,192 in 1870, increasing to 20,850 in 1930. It's highest population was 27,952 in 2010, and the current population is estimated at 26,813 (2018).

Winona was home to seven national banks, and all of them issued notes.

Bank History

First Board of Directors:
Mark Willson, Merchants Bank President (previously a Merchandise Salesman)
Charles Berry, Attorney
G.W. Bennett, Owner of Taylor & Bennett Co.
Conrad Booth, Manufacturer and Lumber Dealer
Charles Beck, Entrepreneur, Brewer, Politician and Farmer
H.D. Perkins, Merchants Bank Vice President (previously a Grocer)
N.F. Hilbert, Merchants Bank Cashier (previously an Accountant)

  • Organized Apr 10, 1875
  • Chartered May 22, 1875
  • Opened July 12, 1875
  • Liquidated Jun 16, 1879
  • Succeeded by Merchants Bank (State Bank)
  • Converted Jul 1, 1944 to Merchants National Bank (Charter 14488)
  • Changed name Sep 1, 2001 to Merchants Bank, National Association

Official Bank Title(s)

1: The Merchants National Bank of Winona, MN

Bank Note Types Issued

Original Series $1 bank note with pen signatures of N.F. Hilbert, Cashier and Mark Willson, President
Original Series $2 bank note with pen signatures of N.F. Hilbert, Cashier and Mark Willson, President. Courtesy of Heritage Auctions, www.HA.com

A total of $51,400 in National Bank Notes was issued by this bank between 1875 and 1879. This consisted of a total of 14,880 notes (14,880 large size and 0 small size notes).

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

Series/Type Sheet/Denoms Serial#s
Original Series 3x1-2 1 - 1640
Original Series 4x5 1 - 2000
Original Series 4x10 1 - 80

Bank Presidents and Cashiers

First National Bank Presidents and Cashiers during the National Bank Note Era (1875 - 1879):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

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