Sheik 1882 Type Set
1882 Brown Back $5 National Bank Note

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Note Details

Set Details
Note Description: $5 1882 Brown Back National Bank Notes
Grade: 63
Country: US
Note Number: 472
Seal Type: Brown & Brown Back
Signatures/
Vignettes:		 Rosecrans
Nebeker
Certification #: 5012387-005  
Owner: Sheik Sheck
Sets Competing: Sheik's Large National Bank Type Set  Score: 2268
Sheik $5 Large Type  Score: 2268
Sheik 1882 Type Set  Score: 2268
Sheik Large National Bank Notes Denomination - Duplicate II  Score: 2268
Sheik's 100 Greatest  Score: 2268
Date Added: 1/4/2018
Research: See PMG's Census Report for this Note

Owner's Description

Beautiful replacement to a low grade Brown Back for this elusive Michigan bank. Absolutely lovely!

The Second National Bank of Saginaw was organized with a 20-year charter in 1871, which was extended in 1891 and again in 1911. The first officers were Roswell G. Horr, cashier, and C.K. Robinson, president. On March 12, 1872, the bank acquired the business owned by the president, C.K. Robinson & Co. The capital was $200,000. The institution was located downtown next to the Bliss Block (Masonic Hall Building), where it remained for 24 years. From all accounts the bank was managed conservatively, and reports showed excellent profitability.

On January 1, 1893, the bank absorbed the Home National Bank of Saginaw, which traced its origin to the former Merchants National Bank and, before that, the private bank of W.L.P. Little & Co. established in November 1855. The Second National moved its office to the former Home National premises. By 1911 the capital was $500,000. On November 1, 1922, the Second National Bank took over the Commercial National Bank of Saginaw. At the time the Second National Bank had a capital of $1,000,000. Arthur D. Eddy was cashier, and George B. Morely was president. On January 29, 1929, its name was changed to the Second National Bank & Trust Company.

It seems that a large part of the history of banking in Saginaw could be placed in a comprehensive history of the Second National Bank and its acquisitions.

PMG graded 208 notes (as of 6/1/2019) for this Fr. # with 18 grading higher than this nice brown back.

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