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National Bank Notes > Minnesota

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Owatonna, Farmers NB, 2122
Fr. 401 $5 1875
Grade: PCGS Ch. New 63 PPQ     Lot size: 1    

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The Farmers Bank of Owatonna was opened in 1873 and it apparently closed in 1893 when the National Farmers Bank of Owatonna opened, probably relating to the charter expiration. There are ten notes reported and five are beautiful 1875 $5s like this one, which is one of the highest-quality notes in the collection. This town actually had only three national banks, the last chartered in 1893. An impressive First Charter with pen signatures of L.L. Bennett, President, and the assistant cashier.

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