Arizona republican., 1916-03-22
ANCHOR TRUST
 LOCAL BRANCH
Phillip K. Lewis, President of Big Financial Organiza- ton Secures Private Quar- tcrs for Rapidly Growing Institution

That the Anchor Trust Company of Wichita, Kansas, which heretofore has had offices in the Central Bank. Will soon have complete and thor oughly equipped offices of it's own, was announced yesterday Rooms IS and 20 West Broadway. which ad- Joln the offices of the Central Bank Tn the Nicholson Block, will be en- tlrely reconstructed for this purpose This action was decided upon be- cause the local business of the Phoe- nix branch of the Anchor Trust Com pany has entirely outgrown the office space allotted to it. President P. K Lewis of the Cen tral Bank is also president of the Anchor Trust company of Wichita. and has handled the Phoenix busi- ness of the Trust company so sue cessfully that the local branch now requires separate organization and separate suite of offices to cOnduct It's constantly growing business. The same may be said of the Central Cat ue Loan company, which has so sue cesslully served the cattlemen of Arizona and New Mexico, that it. too IS now crowded for office space and requires larger quarters. The af- fairs of the Trust company will con- tlnue under the general supervision of President Lewis, and the management of the Phoenix branch will be under Walther Wolf
 Mir Lewis has just completed nego tiations for q nine year lease on the present premises of the Central Bank and in addition thereto he has se cured a similar lease on q room 35X50 feet directly in the rear of the central Bank offices, and which form the West Broadway entrance to the RoSe Tree on Adams street. This large room will he entirely remodeled ana refurnished for the Anchor Trust company and the Central Cattle Loan company The work of the recon struction will begin this week. There Will be three separate but adjoining vaults. One will be for the use of the Central Bank and will have twice the capacity of the vault now used by that Institution. \ second vault will he built and used entirely for the sale deposit business of the bank and adjoining thereto will be individual booths for the accommodation of cus- toner's. where they may safely and privately handle their securities and other Valuahles when having access to the safe deposit vault This department will constantly be under the supervision of one man directly connected with the bank The third vault will open into the Anchor Trust company's offices and will be for it's exclusive use.
 The Anchor Trust company is one of the large loan and trust companies or the middle west. It's headquarters are Tn Wichita. Kansas. It was es- abolished in 1893 and has conducted an active and extensive business since that time, or about twenty-three years.
 After P K. Lewis organized the Central Bank of Phoenix. he saw the necessity of trust company facilities in this valley. Since obtaining the authorization from the bank con troller for opening the Phoenix branch, the trust company has done an active local business. During the past twelve months approximately sl0O,o00 of Anchor Trucht company funds have been loaned in the Salt River valley.
 The Anchor Trust company has re- gently taken the state agency for the Kansas Casualty and Surety com pany of Wichita, Kansas. and the en- tire business of this company for the state of Arizona will go through the Phoenix branch office The Surety company writes all kinds of bonds and various kinds of insurance pol lcles. including automobile liability accident and health plate glass. cas- ualty, etc. However, the institution will not handle fire insurance The Kansas Casualty and Surety company has given President Lewis full power of attorney. His authorizatio IS unusually broad in it's scope an( gives him complete authority~to ad just all losses, sign bonds and in surance policies, and have complete control of the company's bushes. in Arizona. As result it will bt possible for the Anchor Trust com pany to render q very quick service whenever bonds are needed imme