Monday, October 24, 2011

The Bank of Washtenaw - May 1, 1854

Cousin Bill Crookham has provided a couple of old notes from the Bank of Washtenaw that came down through the Steunenberg/ Crookham family. According to Bill, Bernardus Steunenberg spent some time in Southern Michigan before he returned to Keokuk. As we know, he eventually settled with Cornelia and raised the ten children in Knoxville.

"The Bank of Washtenaw was chartered on March 26, 1835, prior to the wildcat era in that territory. Its offices were in two small rooms in the Chapin house at the corner of Fourth and Ann streets. The bank succumbed to the effects of the panic of 1837 and the collapse of most of the Michigan banking system." (from offline but source was not clear).

I noted some conflicting information online and that there was either a second coming of the bank in later years or it had actually managed to remain open until 1854, the year these notes were dated. Maybe one of our banking and currency historian friends can shed a bit more light on the subject.

I have done a little quick research on the notes and included a few links below. Both are dated May 1, 1854. The #2 note is #7163 and the $1 is #1232. The back of each note is blank and unmarked. You can click on the image to enlarge. Additional related information will be added as I come across it or in a later post.

Bank Photograph (contemporary)

Bank Photograph (circa 1832)

Bank of Washtenaw, Ann Arbor, Michigan-Similar $1 note for sale

Notes from University of Michigan archives

$5 dollar note

Currently on eBay (will eventually expire). I shouldn't be looking at these as could not help but bid on the one with a low starting price.

Another $2 note is more info: Bank of Washtenaw records, 1836-1839 and 1851-1875. Looks like the bank closed in 1839 and reopened in 1851.

Other Banking Related Posts Below:

Now these Bank of Washtenaw notes are worth a few bucks to collectors but nothing like the First Bank of St. Anthony notes with the signature of A.K. Steunenberg. Cousin Al Steunenberg has one of these and we still need to track it down and get a few good scans.

Caldwell Banking & Trust Company

Automatic Teller

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