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National Bank Notes > North Dakota

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Sheyenne, First NB, 8886
Fr. 600 $5 1902PB
Grade: PMG Ch. Fine 15    

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Sheyenne is in Eddy County and it had one national bank that was organized on August 28, 1907, issuing 7,407 sheets of large size notes before being placed into receivership on September 8, 1925. This note, one of nine large notes reported, is an evenly circulated example. Excellent blue-green signatures of B. Ostby, Vice President and J.O. Severtson, Cashier. Ostby Hall, a community building, is still used in Sheyenne. Sheyenne is located in Eddy County; the population was 204 at the 2010 census. The name "Sheyenne" is derived from the nearby Sheyenne River, which was named after the Cheyenne Indians. The first explorers in the area misspelled the name, changing the "C" to an "S". Settlement began here in 1883, and the Northern Pacific Railroad reached the site in 1884. The railroad began regular operation to Sheyenne on August 6, 1885. The post office was established May 27, 1887 with John W. Richter as Postmaster. In 1897, Sheyenne began publishing its first newspaper, The Sheyenne Star. Sheyenne was incorporated as a city in 1926, and reached an official peak population of 469 in 1950, although unofficial counts were higher in the early 1900s.

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