Dakota Bank and Trust Company
Collection
Identifier: MSS 3087
Scope and Contents
This collection contains materials relating to the bank. This includes by-laws, election documents, meeting minutes, and financial information. In addition to the paper documents, there are two bound bank volumes that contain both financial information as we as the bylaws and information on running the bank.
Dates
- Majority of material found within 1897-1958
Access
The collection is open under the rules and regulations of the Institute.
Copyrights
Copyrights to this collection is held by the Institute.
Biography
The Dakota Bank and Trust Co. first appeared in the Fargo and Moorhead directory in 1910. It was known then as the Dakota Trust Co. It listed Max Stern as president, R. S. Lewis and James Kennedy as vice presidents, W. J. Lorshbough as secretary, and M. E. Kennedy as assistant secretary. Max Stern, born in Germany in 1860, came to North Dakota in 1880. He married Fannie Kaufman and they had a son, Alfred, and a daughter, Ada K. Greenbaum. He was known to the city of Fargo as a communal worker, financier, and a prominent citizen. Changes to the bank did not happen until 1916.
In 1917, Max Stern’s brother, Alex Stern, was president of the Dakota Savings Bank. He was a director for the Merchants National Bank from 1910-1922/23. In 1921, the two banks held a join meeting. The directors from both the Dakota Savings Bank and the Dakota National Bank were present. It is at this meeting when the banks decided to become known as Dakota National Bank.
Through 1926, the Fargo and Moorhead Directory still listed Dakota Trust Company along with Dakota National Bank. Alex Stern was president for both. In January of 1935, William Stern, Alex’s son, took over the bank. He was president until A. M. Eriksmoen took over in 1964.
In 1968, the name was again changed to Dakota National Bank and Trust Company. New drive-in auto tellers were an added feature to the bank in 1975. The bank changed it name again to Dakota Bank and Trust in 1981 and began construction on a downtown location that cost 6 million dollars.
Through several mergers and acquisitions in the early to mid-1990s, the bank was folded into U. S. Bank.
In 1917, Max Stern’s brother, Alex Stern, was president of the Dakota Savings Bank. He was a director for the Merchants National Bank from 1910-1922/23. In 1921, the two banks held a join meeting. The directors from both the Dakota Savings Bank and the Dakota National Bank were present. It is at this meeting when the banks decided to become known as Dakota National Bank.
Through 1926, the Fargo and Moorhead Directory still listed Dakota Trust Company along with Dakota National Bank. Alex Stern was president for both. In January of 1935, William Stern, Alex’s son, took over the bank. He was president until A. M. Eriksmoen took over in 1964.
In 1968, the name was again changed to Dakota National Bank and Trust Company. New drive-in auto tellers were an added feature to the bank in 1975. The bank changed it name again to Dakota Bank and Trust in 1981 and began construction on a downtown location that cost 6 million dollars.
Through several mergers and acquisitions in the early to mid-1990s, the bank was folded into U. S. Bank.
Extent
1 Linear Feet (Contains paper records to Dakota Bank and Trust Company as well as two bound volums.)
Language of Materials
English
Overview
Contains the records to Dakota Bank and Trust Company in paper and bound form. In this collection are finaical documents, legal documents, and reports.
Provenance
Donated by Unknown on March 1, 2012 (Acc. 3011).
Property Rights
The Institute for Regional Studies owns the property rights to this collection.
- Title
- Finding Aid to the Dakota Bank and Trust Company Records
- Description rules
- Appm
- Language of description
- English
- Script of description
- Latin
Repository Details
Part of the Institute for Regional Studies Repository
Contact:
West Building N
3551 7th Avenue North
Fargo North Dakota 58102 United States
ndsu.archives@ndsu.edu
West Building N
3551 7th Avenue North
Fargo North Dakota 58102 United States
ndsu.archives@ndsu.edu