The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
PamliCO Insurance
and Banking Co
EdgecOmbe' S Oldest Bank
ing Institution.

One of the most substantial institutions
in North Carolina, and most closely iden-
tilted with the interests of its community,
is the Pamlico Insurance and Banking
Company of Tarboro, which was chartered
in 1875. The president Of this bank is H.
L. station; ce-president, w. s. Clark;
cashier, Job Cobb
The directory is composed of Judge
George Howard, retired; Judge Fred.
Philips, capitalist l.. L. Station, physi-
clan; e. " Zoeller, druggist; d. Lichen-
stein, wholesale grocer, and H. l.. Station,
attorney.
The names of this directorate embraces
names noted among the leading factors IN
the business, manufacturing and agricui-
tural interests of Tarboro and Edgecombe
county. This institution has age, strength,
confidence, and is backed by men whose
names are a guarantee of financial ability
and standing.
The Pamlico Insurance and Banking
Company does a general banking bust
ness pays interest on time deposits, and
mas since the establishment conducted the
insurance feature provided for by its
charter
The capital stock is thirty-three thou
sand nine hundred and sixty dollars $685.
l6O.OO), and the surplus and undivided pro-
fits $43,9SS.O1. A dividend of 1922 has
been paid on the capital stock, nearly all
Of which is owned in Tarboro.
The Pamlico Insurance and Banking
Company does an extensive insurance bus
mess at home, but they take few risks
outside of the community. The bank owns
its own home, and its officers and stock
holders are interested in nearly every en-
terprise in this section. Tarboro has be-
gun in its real development, the condi-
ton of It's people was never 90 good be-
FORE and the counties surrounding, and
the farmers are in better condition finan-
eially than they have been for many years.
More DulluillSH dlG III ~ otoAAtA'f NNAtN 49,
value of real estate has advanced more In
the past year than at any time In the
history of the town. Farm lands in the
surrounding country have also enhanced
in value, until today they are almost
double in price, than they were FIVE years
ago.
President II. L. Station, and the other
directors of the bank are identified close
" with all progressive movements OF
Tarboro, and they encourage investors to
come to that field More money has been
attracted to Tarboro by the splendid OPP
portunities afforded there for investors,
and the prospects are that during the
next two years, Tarboro will have the
hest days in its records.
Mr.. station, President Of the Pamheo
Insurance and Banking Company, belongs
to family noted for financial ability and
worth. He is a wise and experienced
banker, who has given much study to the
science of banking He may be reckoned
upon with the best informed bankers IN
the State, as well as one of Edgecombe's
ablest and best equipped lawyers.
Mr.. Job Cobb. the cashier OF the Pam
leo Insurance and Banking Company, IS
one OF the most capable bank officials IN
the State. At every convention of the
State Bankers Association his presence
has been required. Throughout the en-.
tire State there is probably no tank Of
fetal who is more popular with the fell
low members of his profession than is Mr..
Cobb. He is able. wise and conservative
MS bank official, and he is one OF the
nest progressive business men OF Tar
boro.