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National Bank Notes > North Dakota

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Cooperstown, First NB, W5375
Fr. 537 $5 1882DB
Grade: PMG Fine 12    

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Cooperstown is in Griggs County and the town had two national banks. This bank was the earlier one, chartered on May 26, 1900 and liquidated on August 9, 1929. There are eight notes reported from the total issue of 15,835 sheets. This note is the earliest recorded from this location. Clearly stamped signatures of H.P. Hammer, President and Seval Frigwold, Cashier enhance this 1882 Date Back. Halvor P. Hammer was born in Norway, December 7, 1857 and arrived in the US at the age of 22. In 1889, he took up his residence in Cooperstown and began in the farm implement business, with the rm of Hammer & Condy. He was a director and vice president of the First National Bank of Cooperstown; director of the First National Bank of Binford; director of the First State Bank of Bisbee; President of the Hammer & Condy Company, at Cooperstown; president of H. S. Halvorson & Company, McHenry, implement and real estate dealers; president of the Hammer & Ruth Company, implements and real estate, Binford; and president of the Hammer-Halvorsen-Beier Elevator Company, with outlets at Cooperstown, McHenry, Carrington and Esmond. Cooperstown, located in east central North Dakota near the Sheyenne River Valley, is the county seat of Griggs County. The population was 984 at the 2010 census, with a peak of 1,485 in 1970. The community was named for bonanza farmer Rollin C. Cooper and his brother Thomas, who had come to North Dakota in 1880 after some successful mining ventures in Colorado. The site was platted in October 1882, and the post office was established December 28, 1882 with George W. Barnard as Postmaster. Cooperstown was incorporated as a village in 1892 and as a city in 1906. Cooperstown became the county seat November 7, 1882 after a bitter fight with Hope. The Northern Pacific Railroad reached here in 1883. Edwin Reiten founded the well-known plow manufacturing firm here in 1937.

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