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National Bank Notes > North Dakota

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Abercrombie, First NB, 8419
Fr. 626 $10 1902PB
Grade: PMG Fine 12    

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This Richland County bank was organized on August 25, 1906 and operated until June 30, 1925 when it was put into receivership. The bank has three large notes reported from an issue of 3,966 sheets. In 2011 a somewhat higher grade note realized $4,600. It's evenly circulated with bold black signatures of A.K. Tweto (Alma), Cashier and a fancy but not legible vice president's. A. K. Tweto was one of the earliest citizens of the village of Abercrombie. He was born in 1859 on Gaarden Tveito, Norway and came to America with his parents in 1874. The family lived in Iowa till 1879 when both father and son came to Abercrombie and settled on reservation land. When Abercrombie village started in 1884 with the coming of the railroad, Mr. Tweto began a hotel business there. In 1886 he was married to Nellie Erickson of Willmar, Minn., and then sold out his hotel interests and began selling machinery in 1888. He organized the the Richland County Bank, which later became the First National Bank of Abercrombie of which he eventually became president. Mr. Tweto engaged extensively in both farming and banking, having at one time majority interests in five different banks. Abercrombie, in Richland county, is part of the Wahpeton metro area. The population was 263 at the 2010 census. Known historically as "the Gateway to the Dakotas," Fort Abercrombie was the first permanent United States military fort established in what was to become North Dakota. It had been named for the fort's builder, Lt. Col. John Joseph Abercrombie (1802-1877). The fort served as a transportation hub as it guarded the Red River Trails used by the ox cart trains of the late fur trade, military supply wagon trains, stagecoach routes, and steamboat traffic on the Red River. It also was a supply base for two major gold-seeking expeditions across Dakota into Montana. The fort was abandoned in 1877 and the town of Abercrombie, North Dakota, was founded a half mile west in 1884. Abercrombie was settled, in part, due to the early presence of the fort. The post office retained the name Fort Abercrombie until longtime Postmaster Nellie Hutchison shortened the name to simply Abercrombie on May 21, 1892. The village incorporated in 1904, and reached a peak population of 299 in 1910.

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