First Dakota National Bank of Yankton

Dakota Territory’s first bank began at Yankton in September 1869 as the bank of Mark M. Parmer, became the private banking partnership of Parmer and Moses K. Armstrong in 1872, and was succeeded by the First National Bank of Yankton, chartered on December 27, 1872. Its first officers were Moses K. Armstrong, president, L. D. Parmer, vice president, and Mark M. Parmer, cashier. Its early business included that of steamboat companies, the Indian and Military Departments, miners, and freighters, and a balancing gold scale was as important an adjunct as its heavy safes. The first building was on Second Street between Douglas and Walnut, but in 1875 the bank moved to this location. In 1909 the Dakota National Bank was organized with F. C. Danforth as president, J. A. Danforth as vice president, Wm. J. Fantle as second vice president, and Sig O. Hanger as cashier. On October 1, 1931, the First National and Dakota National merged as the First Dakota National Bank of Yankton, the pioneer bank of the two Dakotas.

Yankton, South Dakota · United States