National Bank of Commerce of Mankato, MN (Charter 6519)
National Bank of Commerce, Mankato, MN (Chartered 1902 - Liquidated 1934)
Town History
Mankato is located primarily in Blue Earth county in south-central Minnesota. Small parts of the city are also located in Nicollet and Le Sueur counties. It is along a large bend of the Minnesota River at its confluence with the Blue Earth River.
The area was long settled by various cultures of indigenous peoples. By the mid-19th century, the Dakota Sioux were the primary indigenous group living in the area. The Mankato area was not settled by European Americans until Parsons King Johnson in February 1852. New residents organized the city of Mankato on May 11, 1858. One popular story says that the city was supposed to have been named Mahkato (Dakota for Blue Earth river), but a typographical error by a clerk established the name as Mankato. Another says the town was named after a Dakota chief, whose village stood on or near the site of the present town.
On December 26, 1862, the U.S. Army carried out the largest mass execution in U.S. history at Mankato following the Dakota War of 1862. Thirty-eight Dakota Native Americans were hanged for their parts in the uprising.
During the National Bank Note Era, the population of Mankato was 3,482 in 1870, rising steadily to 14,039 in 1930. Its highest population is also its current population, estimated at 42,931 (2019), making it the fifth largest city in Minnesota outside the Minneapolis–Saint Paul metropolitan area.
Mankato had six National Banks chartered during the Bank Note Era, and all of those banks issued National Bank Notes. Three of those six National Banks survived past the end of the bank note issuing era in 1935.
For more information on the town of Mankato, see their Wikipedia page.
Bank Note History Wiki links:
Bank History
- Organized Sep 11, 1902
- Chartered Dec 3, 1902
- Conservatorship Apr 24, 1933
- Liquidated Aug 14, 1934
- Succeeded by 14220 (National Bank of Commerce in Mankato, MN)
- Circulation assumed by 14220 (National Bank of Commerce in Mankato, MN)
Official Bank Title(s)
1: The National Bank of Commerce of Mankato, MN
Bank Note Types Issued
A total of $914,080 in National Bank Notes was issued by this bank between 1902 and 1934. This consisted of a total of 73,154 notes (72,680 large size and 474 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s 1902 Red Seal 3x10-20 1 - 5525 1902 Date Back 3x10-20 1 - 5900 1902 Plain Back 3x10-20 5901 - 12645 1929 Type 1 6x10 1 - 65 1929 Type 1 6x20 1 - 14
Bank Presidents and Cashiers
First National Bank Presidents and Cashiers during the National Bank Note Era (1902 - 1934):
Presidents:
- A. O. Oleson, 1903-1907
- C. L. Oleson, 1908-1914
- John H. Hohmann, 1915-1920
- Otto Lamm, 1921-1934
Cashiers:
- C. L. Oleson, 1903-1907
- T. J. Dickson, 1908-1908
- J. G. Tegner, 1909-1914
- C. O. Hoerr, 1915-1917
- Emil A. Boie, 1918-1923
- Jos. H. Thro, 1924-1934
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
References
- Mankato, MN, Wikipedia, https://en.wikipedia.org/wiki/Mankato,_Minnesota
- Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
- Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
- Banks & Bankers Historical Database (1782-1935), https://bbdata.banknotehistory.com