Exterior view of American Exchange Bank, 401 Chestnut Street. Incorporated in March 1904, it was reorganized as American Exchange National Bank in November 1919.
The American Exchange National Bank staff assembled with the bank's founder Hamilton M. Peyton who is in the front row with the white side burns. Peyton was bank president from 1879-1921. The bank merged with First National Bank and renamed First and American National Bank in 1929. It became First American National Bank in 1958, First National in 1974 and Norwest in 1983. In 1998 Norwest merged with Wells Fargo and elected to take the more familiar name Wells Fargo.
Contributing Institution:
University of Minnesota Duluth, Kathryn A. Martin Library, Northeast Minnesota Historical Collections