Iowa City, Iowa. $10 1902 Red Seal. Fr. 613. The First NB. Charter #2738. PMG Very Fine 25.This is just the fifth note, and second Red Seal, to come forward from this tough Iowa City bank. The First National Bank of Iowa City was originally Charter #18 but reorganized as Charter #2738 in June of 1882. It issued $395,900 in large size only in its second iteration. It then retook Charter #18 from December of 1911 until it went into receivership in January of 1932. Bold red overprint inks and sharply penned bank officers signatures are observed on this well margined Ten. PMG comments Stains, Pinholes on the back of the holder.
