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National Bank Notes > North Dakota

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Portland, First & Farmers NB, 13594
Fr. 1800-1 $5 1929T1
Grade: PMG VF 30 Net    

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This was Portland's second national bank and was organized on January 19, 1932. This beauty is new to the census, which now stands at six small notes reported. A lovely note that was 'net' graded for a miniscule spot on the bottom. Printed officer signatures of C. Norman Brunsdale, President, who was also the Governor of North Dakota, and Joseph Lucken, Cashier. PMG notes: minor rust. Portland is a city in Traill County. The population was 606 at the 2010 census with a peak population of 641 recorded in 1950. Portland was founded in the early 1880s by the Great Northern Railroad as a rival to the Northern Pacific Railroad town of Mayville two miles to the east. The two towns are on more friendly terms these days and are sometimes given the name May-Port. The post office was established January 19, 1882 with Dr. James D. McKenzie as Postmaster, and the following year the town incorporated as a village. In 1885 the first insurance company in Dakota Territory was chartered here. The name is said to note the fact that railroad officials thought it was midway between Portland, Maine and Portland, Oregon, both of which were named for Portland, Dorsetshire, England.

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