Greensboro, 1808-1904; Facts, Figures, Traditions, and Reminiscences

Greensboro, 1808-1904; Facts, Figures, Traditions, and Reminiscences

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1904 edition. Excerpt: ...time to time during the next eight years in response to the demands of the business have organized and managed with conspicuous success four other fire insurance companies, namely the Underwriters of Greensboro, the Insurance Department of the Southern Loan and Trust Company, the Home Insurance Company of Greensboro, and The Southern Underwriters, which constitute the successful group of the Greensboro Fire Insurance Companies. In 1897 the business of the company was extended by adding the Loan and Trust department. The Banking Department began business in January, 1900, with deposits of $40,000.00. On July 1, 1903, the capital stock was increased to $200,000.00 and the Life Department of the Southern Loan and Trust Company was organized and began business. In the Spring of 1903, the business men of South Greensboro united in a request to the Southern Loan and Trust Company to establish a branch bank in that section of the city. This request was met by the erection of a suitable branch banking house in South Greensboro, and the Bank of South Greensboro, branch of the Southern Loan and Trust Company, opened for business October 12, 1903. The following are the officers of the several departments: E. P. Wharton, president and manager loan and trust department; A. W. McAlister, vice-president, and manager insurance department; R. G. Vaughn, treasurer, and manager banking department; David White, secretary and manager real estate department. Directors: A. M. Scales, E. P. Wharton, J. M. Hendrix, R. G. Vaughn, A. W. MeAlister, Z. V. Taylor, E. E. Bain, H. T. Ham, and David White. In 1904 the banking and loan and trust business was separated from that of the insurance department. Greensboro's five banks are all officered by liberal-minded, more

Product details

  • Paperback
  • 189 x 246 x 2mm | 82g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236568583
  • 9781236568588