Bio of PRINCE, Frank Moody (b.1854), Hennepin Co., MN
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EXTRACTED FROM: History of Minneapolis, Gateway to the Northwest; 
Chicago-Minneapolis, The S J Clarke Publishing Co, 1923; Edited by: Rev. 
Marion Daniel Shutter, D.D., LL.D.; Volume I - Shutter (Historical); 
volume II - Biographical; volume III - Biographical
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Vol II, pg 74
FRANK MOODY PRINCE
Honored and respected by all, there is no man who occupies a more enviable
position in financial and business circles than Frank Moody Prince, chairman of
the executive committee of the First National Bank of Minneapolis. This is due
not alone to the success he has achieved but also to the honorable, progressive
and straightforward methods which he has ever followed, and in many other
respects his life measures up to high standards. He at all times gives tangible
evidence of his public-spirited citizenship in his cooperation with plans and
projects for the general good and Minneapolis ranks him with her most valued
residents. Mr. Prince was born in Amherst, Massachusetts, July 23, 1854, his
parents being George H. and Sarah E. (Nash) Prince, who were also natives of New
England. The father successfully engaged in merchandising in Amherst and took
active part in promoting the growth and upbuilding of his city and state, being
classed as an outstanding figure there by reason of his progressiveness in
business and his reliability and enterprise in all that pertained to the general
welfare.
At the usual age Frank M. Prince became a pupil in the public schools of
Amherst, where he completed his high school course and then initiated his
business career by securing a clerkship in a store, in which he was employed
until he reached the age of twenty. It was at that time that he bade adieu to
New England and sought the opportunities of the rapidly growing west. Stimulated
by a laudable ambition, he believed that better opportunities could be secured
in this section of the country and accordingly he made his way to Stillwater,
Minnesota, where for a year he was employed in the general store of Prince &
French. He then taught school for a short time, after which he secured
employment as a general clerk in the First National Bank of Stillwater and thus
entered upon that line of activity which was eventually to lead him to his
present position of distinction and prominence as a financier of Minnesota. He
dates his residence in Minneapolis from July, 1878, at which time he became
correspondent and teller in the First National Bank, serving in that capacity
until November, 1882, when he resigned his position and returned to Stillwater
to accept the proffered cashiership in the First National Bank, in which he had
previously been a clerk. He has ever applied himself with great thoroughness and
perseverance to the mastery of every task assigned him and from the faithful
performance of each day's duties has found strength and encouragement for the
labors of the succeeding day. For ten years he continued to act as cashier of
the Stillwater bank, making an excellent record in this position, his
cooperation contributing in large measure to the continued growth and success of
the institution.
In 1892 Mr. Prince resigned his cashiership to return to Minneapolis as the
secretary and treasurer of the Minnesota Loan and Trust Company, in which
capacity he continued for two years and then once more entered the employ of the
First National Bank of Minneapolis, this time being called to the position of
cashier. He entered upon the duties of the office on the 1st of August, 1894,
and since that time has been active in the management and control of the bank.
On the 1st of January, 1895, he was elected vice president and in January, 1904,
was called to the presidency, continuing as the chief executive officer of this
institution until 1917, when he was succeeded by C. T. Jaffray. It is today one
of the strongest moneyed concerns in the Northwest and during the past five
years Mr. Prince has served as chairman of its executive committee. In his
management of the bank progressiveness and a safe conservatism have ever been
evenly balanced and with unabating zeal he has sought to protect the interests
of depositors and stockholders alike. He has also closely studied the questions
of business development of every character and the part which a bank may play
therein through the judicious placing of loans, and in this way he has aided
notably the material development of the state. Mr. Prince is also one of the
directors of the First National Bank at Cloquet and is a trustee of the Hennepin
County Savings Bank. His careful study of any plan or project is followed by
prompt and decisive action and he never fails to reach his objective.
Mr. Prince has been married twice. In 1883 he wedded Miss Belle Russell of
Minneapolis, who passed away in 1888, and ten years later he married Mrs.
Margaret (Macartney) Townshend of Stillwater, Minnesota. He is widely known in
club circles through his membership in the Minneapolis, Minneapolis Athletic,
Minikahda and Lafayette clubs and he is also identified with the Minneapolis
Society of Fine Arts. His interest in these organizations is ever of tangible
and helpful quality and his cooperation can at all times be counted upon to
further any plan or movement that is looking to the substantial growth and
development of the city. Sound judgment and broad intelligence have directed his
activities at all times and his labors have therefore been an effective force in
accomplishing desired results.