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National Bank Notes > North Dakota

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Binford, First NB, 8265
Fr. 1802-1 $20 1929T1
Grade: PMG VF 30    

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Only 408 sheets of small size National Bank Notes were printed by this institution, located in Griggs County, and all were Type 1s. Currently there are nine small notes reported. This note has excellent paper quality and color. It has engraved signatures of Joseph Buckheit, President and Emil Olson who had moved up from assistant cashier to cashier 23 years earlier. I call that a loyal employee! Emil O. Olson was born August 27, 1890, near Benson, Minnesota. He secured employment as a bookkeeper with the First National Bank of Binford in May 1926 at a salary of $65.00 per month. During World War I he was drafted into the United States Army and he served several months in France. He returned to Binford and continued in the employment of the bank. Early in 1926 he left the bank and sold life insurance. After the death of bank cashier Oscar Greenland, Emil returnmed to the bank and became cashier on December 6, 1926. Binford is located in Griggs County; the population was 183 at the 2010 census. Settlers were here as early as 1877, when Gabriel Gilbertson settled here and a rural community called Blooming Prairie began. In 1899 the Northern Pacific Railroad built a station on this site and named it for Ray Binford, an attorney from Charles City, Iowa. The post office was established November 17, 1899 with Oscar Greenbaum as Postmaster. The village incorporated in 1906 and reached a peak population of 393 in 1920. In the fall of 1899, a lumberyard and general store opened. A hotel was built in 1900. In 1905, Binford had its own newspaper, a bank, grain elevator, a hardware store, two groceries, a couple of pool hall/bowling alleys, two churches, and various other establishments.

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