Beckley, WV - Ch. 6735 - $10 1902 Red Seal The First National Bank of Beckley opened in 1903 and closed in 1907. If you know your national banknotes, then you will instantly recognize that as a red seal only bank. 1902 red seals were issued between March 1902 and December 1908. For a bank to be a "red seal only bank" it had to open and close between that threshold.