Oregon’s national banknote history reflects the state’s rugged independence and regional diversity. As settlers carved communities into the Pacific Northwest, local banks emerged to finance timber, trade, and frontier development. From the bustling docks of Portland to the quiet valleys of Baker City, Oregon’s national banknotes tell a story of civic pride, economic ambition, and Western resilience.

A Frontier Network of Issuers

Between 1865 and 1935, 127 national banks across Oregon issued currency, making it one of the smaller but historically rich contributors to the National Bank Note Era. The First National Bank of Portland (Charter #1553), chartered on July 4, 1865, was the first national bank on the West Coast. Other early issuers included the First National Bank of Salem (Charter #2816) and the Citizens National Bank of Baker City (Charter #2865), whose Series 1902 Red Seal notes are prized for their vivid pen signatures and regional charm. These banks served communities shaped by logging, railroads, and agriculture—each note bearing the imprint of its town and the signatures of its officers.

Currency as a Chronicle of Oregon Identity

Oregon national banknotes offer a vivid portrait of the state’s economic and cultural landscape. A $10 Red Seal from Baker City, signed by A.E. Beard and W.E. Grace, evokes the optimism of a frontier town on the rise. Notes from banks in Astoria, Pendleton, and La Grande reflect the diversity of Oregon’s industries—from fishing and farming to shipping and trade. With fewer than 3,000 Oregon national banknotes reported in collector circles, surviving examples are especially valued for their scarcity and historical significance.

Conclusion

Today, Oregon national banknotes are cherished artifacts of Western finance and local heritage. Whether issued in the shadow of Mount Hood or the quiet streets of a coastal town, each note is a tangible link to the people and places that shaped the Beaver State. In the broader narrative of American currency, Oregon’s contribution stands as a testament to frontier spirit and enduring legacy.