The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1911-08-18
THE EAST FLORIDA
SAVINGS & TRUST GO
Palatka's Oldest Incorporated Bank
ing Institution.

In the year 1880 number of Pa
latka's most wide awake citizens got
together and incorporated The East
Florida Savings and Trust Company
under special charter of the State
laws. Since then this bank has kept
pace with the progress of the town,
and the incorporators have had the
satisfaction of knowing that they have
been instrumental in adding to the
wealth and prosperity of the commu-
nifty as a whole, besides helping many
an ambitious individual to lift himself
to place of honor and usefulness in
the local business world.
The company started with capital
of $4,000, which was increased with
in few months to $4,000. The pres
ent quarters, opposite the Putnam
hotel, have been occupied continuous
ly since 1892.
A general banking business is
transacted, including the collection
of accounts, and through this institu-
ton one may at any time have drafts
drawn on banking houses and bust
ness firms throughout the principal
cities of Europe, as we'll as upon those
of the American continent.
Needless to say, the usefulness of a
banking concern of this kind to all
classes and conditions of people has
increased to such an extent as to be
indispensable in the broadcast mean
ing of the word. The names of the
gentlemen under whose direction the
business has prospered so satisfacto-
rily, have always been associated
with enterprises of conservative
health and financial sanity. Any bust
ness which could call to its manage
ment three such efficient heads as
Messrs. E. S. Grill, w. H. Cook and
w. S. Burdette, as president, vice
president and secretary, respectively,
could be assured of able and careful
administration in all departments.
In its affiliations with all outside
institutions, the East Florida Savings
and Trust Company has at all times
exercised the most painstaking care
to protect the interests of its deposi-
tors, and an examination of its rec
ords shows that its claim to suprem-
acy as a guardian of credit and prof
its is we'll founded
Many local concerns owe their ex-
istence today to the care and liber-
atty with which their resources have
been handled by this company. The
extension of credit is one of the most
difficult financial arts to master, Dor
dering as it does on the realms of
both diplomacy and psychology
Therefore, when the officers of the
East Florida Savings and Trust Com
pany are described as local adopts in
this branch of finance, we have &C
corded them about the most aatter
ing endorsement that bankers ever
seek.
The company also makes special
ty of acting as trustee for valuabes,
and has number of safety deposit
compartments in the large fre-proof
vault, which are rented out to par
ties DESTROYS of taking advantage of
this fine mode of protection.
The resources of the East Florida
Savings and Trust Company, accord
ing to the latest report submitted to
the comptroller at Tallahassee, are
shown as follows:
Loans and discounts. .$33482225
Loans on mortgages. .... $4,000
Overdrafts, secured and I'M
secured ............. I,3So.45
L. S. bonds and other Sc
curities ...........,.... oo,45o,22
Banking house fixtures and
other real estate. ..... I5,so6oo
Due from banks and bank
,ers Observation-Disclosures. III,345.35|
Cash Observation-Disclosures. 100000
5000, 22S89
DR.. E. S. Grill, the president and