Albert K. Hansen Biography


	This biography appears on pages 548-551 in "History of Dakota 
	Territory" by George W. Kingsbury, Vol. V (1915) and was 
	scanned, OCRed and edited by Maurice Krueger, mkrueger@iw.net.

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				ALBERT K. HANSEN. 

	Albert K. Hansen, the efficient young president of the Farmers 
Savings Bank of Sherman, is one of the most popular and progressive of 
Minnehaha county's business men. He was horn in lake county, South 
Dakota, September 17, 1887, a son of Torkel and Gro Hansen. The father 
was born in Norway and emigrated from that country with his parents in 
1859, when he was a lad of but twelve years. They located in Lake 
county, South Dakota, in 1878, and Torkel Hansen homesteaded land on 
section 1, Lake View township, and also took up a tree claim and a 
preemption claim, owning at the time of his death four hundred and 
forty acres. There were ten children in his family, six girls and four 
boys. The mother is still living, but the father passed away August 9, 
1910. He was one of the pioneers of the state and his crops were often 
injured by droughts and grasshoppers, but he never wavered in his 
belief that in time South Dakota would be a flourishing agricultural 
state and continued to cultivate his land. The results have justified 
his faith and the people of the present day owe to him, and to others 
like him, a debt that can never be paid. 

	Albert K. Hansen received the education afforded by the district 
schools and then attended the State Normal at Madison. He was also a 
student at the Lutheran Normal in Sioux Falls and at Sioux Falls 
Business College. He began his business career as a stenographer in the 
Lake County Bank located at Madison and remained with that institution 
for six months. He then took a position as assistant cashier in the 
Chester State Bank, where he remained for one year, and at the end of 
that time acquired an interest in the Sherman State Bank, becoming its 
cashier. After four years he sold out his interest in the bank and 
organized the Farmers Savings Bank, becoming president of the new 
institution, which commenced business October 15, 1913. Although the 
bank has been open but a short time, it has already won the confidence 
of the business public and is in a very prosperous condition. Mr. 
Hansen has detailed knowledge of banking routine, is well informed on 
local financial and commercial conditions and is also familiar with the 
trend of modern banking. Aside from his position as president of the 
Farmers Savings Bank, he is actively connected with other business 
enterprises. He is the owner of the A. K. Anderson general store at 
Sherman and of the Sherman Telephone Exchange. He is heavily interested 
in farming lands, owning one hundred and eighty acres in South Dakota 
and four hundred acres in Minnesota. 

	Mr. Hansen was married June 15, 1911, to Miss Nettie Hanson, a 
daughter of Ole and Matilda Hanson, both of whom are living. To this 
union has been born a daughter, Marjorie. The family attend the 
Lutheran church and are consistent members of that denomination. Mr. 
Hansen is a republican in his political belief and fraternally is a 
member of the local lodge of Knights of Pythias and of the Elks lodge 
at Sioux Falls. He is a rapid and systematic worker and believes that 
efficiency is best maintained by alternating work and play. He finds 
most of his recreation in the out-of-doors, greatly enjoying motoring, 
fishing and hunting. Although he is but a young man, he has 
accomplished much and all who know him believe that still greater 
prosperity will be his.