3/17/2010

Review of Banking in the Great Northern Territory: An Illustrated History (Hardcover)

Written by the great-grandson of the railroad baron acquired and orchestrated the reorganization of the First National Bank of St. Paul, Banking In The Great Northern Territory is the true story of 150+ years of business and competition between the two major bank holding companies in Minneapolis and St. Paul: Northwest Bancorporation and First Bank Stock Corporation. Formed with the twin missions of protecting good banks in the area from predatory acquisition by non-area bankers and to provide a capital stronghold that would keep crucial banks open during hard times, these bank holding companies survived the test of time and even the Great Depression, when many of their competitors fell to ruin. Black-and-white and color photographs illustrate this adventurously presented history, accessible to lay readers, about the evolution of the banking business in Minnesota's capitol and the key figures behind the institutions' stability. A fascinating tour through a vital piece of Minneapolis and St. Paul history, Banking In The Great Northern Territory is very highly recommended reading.




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