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National Bank Notes > North Dakota

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Hankinson, First NB, W6218
Fr. 613 $10 1902RS
Grade: PMG Ch. Fine 15 Net    

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A two-bank town in Richland County with this early bank being organized on March 14, 1902. This note is a Red Seal from the original 1,050 issued for the bank. This is the only Red Seal reported and brought a price of $4,370 in October 2010. The bank has 11 large notes reported altogether. A stain and tape repair should be noted for accuracy. The note is signed by Richard Henry Hankinson, President and Eugene Lyman Kinney, Cashier. The town was named for Col. R.H. Hankinson who moved to this area in 1871 and his friendship with James J. Hill, President of the Northern Pacific, helped promote the area and both men benefited. Mr. Hankinson owned some 2,500 acres and built his mansion there. PMG notes: stain, tape repair. Hankinson is located in Richland County, in the Wahpeton metro area. The population was 919 at the 2010 census and a peak population of 1,503 was reached in 1910, two years before Hankinson incorporated as a city. Colonel R.H. Hankinson came to the area in 1871 and settled on the shores of Lake Elsie, just south of present-day Hankinson. A general store, a blacksmith shop, a post office called Kelly, and a school were soon constructed. Unfortunately, the railroads thought the Lake Elsie route too expensive and decided to move the town two miles north. Colonel Hankinson soon moved his store and post office to its present site, and the city of Hankinson has grown ever since. The post office was established December 6, 1886 with Col. Hankinson as Postmaster, and the new town was named in his honor.

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