First National Bank of Banning, California
large size $5
This specimen was lot 14701 in Heritage auction 456 (Orlando, FL, January 2008), where it sold for $2,760. The catalog description[1] noted, "Banning, CA - $5 1902 Plain Back Fr. 600 The First NB Ch. # 9459. A scarce and popular Riverside County note from the only bank here to issue. This is an attractive example right up there with the finest known from this institution. Bright pen signed Very Fine-Extremely Fine. From The Kansas City Collection."
large size $10, date back
This specimen was lot 20281 in Heritage auction 3574 (Long Beach, CA, September 2019), where it sold for $4,080. The catalog description[1] noted,
"Serial Number 1 Banning Large Size Banning, CA - $10 1902 Date Back Fr. 618 The First NB Ch. # (P)9459 PMG Choice Very Fine 35. A great serial number 1 large size note from this Riverside County bank with lovely pen signatures of S. S. Cutter, the assistant cashier, and J. M. Westerfield, the president. It has been over fifteen years since another large size number 1 note from here has been publicly offered and, tonight, we are pleased to offer not only this note but also a number 1 small size in this auction. This note was last on the market in a 1991 Superior sale and it is a bright and original specimen with just a couple of minor ink spots on the back and irregular top and bottom margins that are the result of the note being torn from the sheet with a straight edge. From the Norris Turner Collection."
large size $10, plain back
This specimen was lot 17614 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $2,415. The catalog description[1] noted, "Banning, CA - $10 1902 Plain Back Fr. 626 The First NB Ch. # 9459, A very scarce large note from this small Riverside County community. While ten large examples are listed in the census, four are number ones and one is torn and impaired, leaving only a literal handful of pieces to satisfy the demands of this area's many avid collectors. Fine." This specimen was subsequently lot 20331 in Heritage auction 3563 (Chicago, April 2018), where it sold for $1,440.
small size $5
This specimen was lot 20332 in Heritage sale 3563 (Chicago, April 2018), where it sold for $2,280. The catalog description[1] noted, "Banning, CA - $5 1929 Ty. 1 The First NB Ch. # 9459. An attractive serial number 1 example from this popular Riverside County bank and the first number 1 note we have been able to offer from here in almost 20 years. From the "C" position on the first sheet of $5s, just a few light folds are found on this bright PMG Choice Very Fine 35 specimen."
small size $10
This specimen was lot 17615 in Heritage auction 354 (the Horwedel sale, Long Beach, CA, September 2004), where it sold for $862.50. The catalog description[1] noted, "Banning, CA - $10 1929 Ty. 1 The First NB Ch. # 9459, Another note which is considerably more difficult to find than the census might suggest, as all but five of the examples listed there are serial number one notes. About Fine, with a couple of small body holes and a bit of soil on the back."
Link to:
- return to National Bank Notes of Riverside County, California
- see National Bank Notes of California for a complete list by charter number