The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-05-12

Raleigh, with it's eight banks, is a
centre of the banking interests of
North Carolina which not alone does
g. large business within this immedi-
ate section. but in a wide range
throughout his State and into other
States.
Raleigh bankers are among the
most progressive of the State, and in
the past few years the new buildings
which have been erected by the
banks of Raleigh give them first place
in North Carolina in this respect. The
two skyscrapers, those of the Com
mercial National and the Citizens Ma
tional, the beautiful banking house
of the Raleigh Banking and Trus
Company. and the attractive banking
house of the Wake County Savings
Bank are all buildings which are a
credit to this city.
The banking business of Raleigh
has grown with bounds in the past
ten years, and all of the institutions
are prosperous. The eight banks of
the city are:
The Anchor Trust Company.
The Mechanics Savings.
The Raleigh Savings Bank and
TRUST company.
The Wake County Savings.
The Merchants National.
The Raleigh Banking and Trust
Company.
The Citizens National.
The Commercial National.
All of these banks are represented
IN the Raleigh Clearing House Asso-
citation, an organization which has
been formed for the consider, ion Of
the banking interests of the city.
The Anchor Trust Company.
The Anchor Trust Company was or
ganized in August, 1912, with the fol-
lowing as officers: John D. Ellington,
president; Albert L.. Cox, vice-presi-
dent; Eugene ArmbruSter, secretary
n In February, 1913 Mr..
Ellington resigned to accept the posi-
ton of secretary and treasurer of the
Wallace-Ellington Company, Of Fay
etteville, N. c., n Mr.. Armbruster
resigned to accept a position with
Mcpherson 81 Barnes, of this city. On
Mr.. John A. Mills and +. T. Kicks
were elected president and secretary
and treasurer, respectively. Mr.. l.. r.
Covington, formerly Assistant State
AMI Examiner, was elected as active
vice-preSident.
quarters at No. 4 East Martin street
is the youngest bank in the city. II
has made substantial progress since
it's organization. C~onservatively AND
ably managed by men of experience
and Sound business judgment, with
competent force of employees and up
to-date modern methods in banking
it commends itself to the people. /
is proving an institution of value in {
large degree.
The officers of this bank are: Johr
A. Mills, president; Albert L. Cox
vice-president; l.. T.. Covington, activ'
vice-president; F. 7. Kicks. secretar.
and treasurer. Directors: John A
Mills, Albert l.. Cox. w. b. Mann, 7
l.. Bland, w. S. Wilson. u. M. Cavi
ness, G. V. Albright, +. H.. Phillips
Herman Heller, O.. b. Penny, j. p
Wray, L.. c. Covington.
The Wake County Savings Bank.
The Wake County Savings Banl
was opened for business January |
1905, with Thomas b. Crowder, presi
dent; William Il. Grimes. vice-presi
dent, and w. w. Vass, cashier. o.
October 18th, 1910. the bank wa
moved INTO it's handsome new build
equipped banking houses in Mort
Carolina.
From its organization to the pres
ent time the business OF the bank ha
steadily increased until today it rank
as one of the most useful as we'll a
one of the most successful .nancis
institutions in this section.
This bank has taken a prominer
part in the upbuilding OF the city {
Raleigh and Wake county. Hateri;
assistance has been rendered man
worthy enterprises, besides enablin
many of our citizens to become Hon
owners instead of renters.
The officers of the bank are IL
same as originally selected, with II
addition Of William +. Little, assis