By Peter Huntoon
Series of 1902 Plain Backs from The First National Bank of Forest City, N.C., are true sleepers.
The bank was organized in 1909, and both 5-5-5-5 and 10-10-10-20 Series of 1902 face plates were made for it. The bankers consumed respectively 2,065 and 2,040 sheets each of Date Backs.
What is easily missed with a cursory look at the four-digit serial number ranges for the 1902 Plain Backs when you look at the issuance data in the catalogs is just how small they were. Only $5 Plain Back serials 2066-2085 and $10-$20 2041-2042 were issued before the bank was liquidated in 1915, when it merged with the Farmers Bank & Trust Co. of Forest City.
The 1902 Plain Back emissions amounted to only 20 sheets of $5s and two sheets of 10-10-10-20s. No notes are reported from the bank.
This article was originally printed in Bank Note Reporter. >> Subscribe today.
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