The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
National Bank Of
COldSbOrO
A Young and Successful
Institution.

The National Bank of Goldsboro was
chartered in 1896 and began business with
G. A. Norwood, Jr, President; M. }.
Best, Vice President. and j. M. Hollo-
well, Cashier. The same officers continued
up to October, 1902. when Mr.. G. G. Kor-
negay succeeded Mr. Hollowell as Cashier
Mr.. Kornegay was formerly Register of
Deeds Of the county.
Mr.. G. A. Norwood. Jr. President of
the National Bank of Goldsboro. was orr
ginally from Charleston. S. c. He was
educated at Wake Forest College. in this
State. where he took high stand. and
after his graduation he met with great
success in business life He is identified
with banking interests in a number of
towns in the South. and is the president
of the new savings bank which is to do
business in Goldsboro. and has recently
been leading spirit in the organization
OF new bank at Snow HILL Mr.. Nor
wood belongs to family OF remarkably
successful bankers, whose record in both
North Carolina and South Carolina has
been one of marked success. He is an
all-round educated, experienced, capable
and expert banker, and understands that
the highest banking success is dependent
upon banks lending all proper accom-
mediation to the business and industrial
enterprises of its community and section.
The success of the National Bank of
Goldsboro is the result of the consistent
pursuance of that policy.
Mr.. Kornegay, Cashier of this bank, is
a member of the Kornegay family, long
leaders in Wayne and Lenoir counties. He
was one of the most popular and capable
rublic officials Wayne county has elected
in many years He resigned as Register
CT Deeds of Wayne county to become
Cashier of the National Bank of Colds
boro.
The capital of the National Bank OF
Goldsboro is 100000. and its surplus
and undivided profits account amounts to
over $26, 100000. Since the day OF it's or
ganiaztion this bank has annually paid a
dividend, the first year paying per cent
until now it pays 10 Per cent annually
This Bank claims the remarkable record
not to have lost one dollar in principal
or interest during the past three years.
Its business in the main is handling the
accounts of tobacco interests and the
local and commercial trade. 1t is a
very progressive institution and actively
sclicits the business of all concerns. II
carries a New York account and one &C
count in this tSate, but is opposed to the
system Of dividing its business up other
/ wise. II is one of the most carefully
managed financial institutions in the
State. The directors are c. c. Royal,
/ furniture manufacturer: X. e. Bizzell
shoe merchant; N. j. Best. general mer-
chandise; Judge w. R. Allen; G. A. Nor
weed. Jr., president, and president OF the
Scientific Chemical Company of Goldsboro:
q. A. Norwood, Sr.. president of the Bank
OF Grcenville. s. c.; Dr. j. II. Miller, su
rerintcadent OF the Eastern Hospital. and
H. e. Newbury. merchant and planter
Magnolia. N. c.
rhe deposits Of this Bank amount to
s1l7.o3i7s.
The National Bank of Goldsboro is one
of Goldsboros youngest institutions. Its
growth has been as solid and substantial
as it has been steady and rapid. IT.
stockholders are among its leading bust.
ness men, and they have made it an IN
nuentlal factor in the steady progress o
the city
THE SAVINGS BANK.
Mr.. G. A. Norwood. Jr.. is also Presi
dent OF the Goldsboro SAVING Bank, O
which Mr. /. F. Dortch is Vice President
and Mr. II. C. Smith. Cashier The direc
tors are |. F. Dortch, lawyer; N. J. Best
! general merchandise: l. ]. Harrell
planter; J. S. Crawford insurance: /