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National Bank Notes > North Dakota

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Drayton, First NB, 6225
Fr. 608 $5 1902PB
Grade: PMG Ch. Fine 15 Net    

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This Pembina County town was home to a single national bank. The bank was chartered/organized on March 22, 1902 and its earliest issue was Red Seals, but none are known. Of the 7,784 large size sheets issued there are currently nine notes reported. Excellent stamped signatures of John R. Vestre, President and Harris Alfred Thom, Cashier but there are several minor spots in the margin. PMG notes: rust, corner missing. Drayton, located on the Red River, is a city in Pembina County; the population was 824 at the 2010 census. Drayton was originally known as Hastings Landing, named for the captain of a Red River steamboat. The settlement was an important boat landing located on the highest geographical point between present-day Grand Forks (ND) and Winnipeg, Canada. When settlers began arriving in April 1878, they renamed it Drayton for their hometown of Drayton, Ontario, Canada, which was in turn named for Drayton, England. The post office was established July 1, 1878 with Ezra A. Healy as Postmaster. In 1881 the first newspaper established with R.H. Young, editor and by 1882 the first church had been built. The Northern Pacific Railroad reached Drayton in 1887. The village incorporated in 1888, and became a city in 1896.

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