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National Bank Notes > North Dakota

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Sanborn, First NB, W8448
Fr. 618 $10 1902DB
Grade: PMG Fine 12 Net    

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The First National Bank was organized October 12, 1906 and it issued only 5,155 sheets of large size notes before it went into receivership on April 10, 1929. There are 10 large notes reported from this Barnes County bank. The holder says it has a tear but I couldn't find it so I assume it's not a big deal. Pen signatures of E.A. Engebretson, President and Louis Malm, Cashier. PMG notes: tear. Sanborn, in Barnes County, was founded in 1879; the population was 192 at the 2010 census. The Northern Pacific Railroad built this station in 1877 and townsite promoter Louis S. Lenham platted the site in 1879. The post office was established May 15, 1879 with G. T. Bauder as Postmaster, who named it for George G. Sanborn, Treasurer of the Northern Pacific Railroad. (Mr. Bauder's wife, Lizzie, actually performed the duties at the post office.) In 1881 Mr. William McKean established the Sanborn Enterprise newspaper. The village, which incorporated in 1884, reached a peak population of 675 in 1890.

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