Saginaw, Michigan. $5 1882 Date Back. Fr. 533 (W-731). The Second NB. Charter #1918. PCGS Gem New 65

Saginaw, Michigan. $5 1882 Date Back. Fr. 533 (W-731). The Second NB. Charter #1918. PCGS Gem New 65 PPQ.，This well preserved $5 has broad margins and wonderfully original paper. This darkly inked note comes from the F position of a six note sheet and as such displays a little extra selvage at the bottom margin. Bold bank officers signatures are found on the face while deep overprint embossing is observed from the back of the note.<p><p><em></em><p><strong>About the Bank</strong><p>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.<p>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.<p>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.<em></em>，From the Joel R. Anderson Collection of United States Paper Money, Part I. Purchased from Kagins 2005.，