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| Additional information |
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| First National Bank in Mahnomen |
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History:
The First National Bank in Mahnomen received their charter from the Comptroller of the Currency, Washington, D.C. on June 8, 1926.
The Citizens State Bank of Mahnomen was in the original building now occupied by the First National Bank. The original brick building was built in 1917. Officers appointed by the board were: O.S. Hanson, President; Leonard Hanson, Vice-President; Merwyn H. Hanson, Cashier; and John Gregierm Asst. Cashier. In 1928, the bank had capital and surplus of $27,500.00. Deposits were $113,300.00, and loans and discounts of $29,700.00.
In 1937, O.S. Hanson passed away and his son, Merwyn H, Hanson, became president. Other officers were O.J. Sorlie, Vice President; A.L. Hanson, Cashier and J.I. Lerom, Assistant cashier. The capital in 1937 was $33,369.00. Deposits were $318,892.00, and loans & discounts at $149,643.00.
In 1961, Merwyn H. Hanson passed away and his son, Leslie M. Hanson, became president. Leslie Hanson began working at the bank in 1947 after returning from World War II. Other officers were Robert F. Hanson, Vice President; J.I. Lerom, Cashier; James H. Hanson, Asst. Cashier; and Jean Munson, Asst. Cashier. The capital had increased to $237,000.00; deposits were $1,159,000.00 and loans & discounts at $771,550.00. The bank, in 1967 purchased the building next door, which had housed the Coast to Coast Store. The buildings were combined to increase the size to the present structure.
On January 21, 1991 Howard L. Hanson, became the fourth generation Hanson to become president of the bank. Other officers were Robert F. Hanson, Vice president; James H. Hanson, Vice President & Cashier; and Janice F. Cox, Asst. Cashier.
The current officers are: Pete Haddeland, President; Ex. Vice President, Harley Hanson; Cashier, Betty Paul. |
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