Edwardsville, Illinois. $20 1882 Date Back. Fr. 552 (W-2093). The First NB. Charter #5062. PCGS Gem

Edwardsville, Illinois. $20 1882 Date Back. Fr. 552 (W-2093). The First NB. Charter #5062. PCGS Gem New 65 PPQ.，This beautifully printed $20 National Bank note has vivid inks portraying the Battle of Lexington at left while Columbia leads a procession at right. This example is broadly margined with deep plate and overprint embossing noticed from the back. The bank officers signatures are neatly penned in bold inks. This is a prime example of the type.<p><p><em></em><p><strong>About the Bank</strong><p>The First National Bank of Edwardsville was chartered in 1897 with an authorized capital of $50,000 (later raised to $100,000). The founding cashier was Edward Keshner, and the first president was Edward Schlafly. The bank was liquidated on July 11, 1917, on expiration of its 20-year charter on February 17 of that year. This was quite unusual, as the economy was strong, and most federally-chartered banks sought to have their charters extended. It went private, so to speak, and was succeeded by the state-chartered Bank of Edwardsville, Illinois.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Currency Auctions of Americas sale of November 1992, lot 2140.，