The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1921-07-22
SAVINGS BANK
MOVES INTOITS
new QUARTERS
Luxurious New Home Cost
Nearly 100000 And Intro
duces Some New Banking
T Wrinkles

1 W.
of this city will celebrate the
formal opening of it's imposing
new quarters in it's own building,
corner of Main and Poindexter
streets, Thursday, July 28. To
make the opening something to
| be talked about the officers and
directors have planned a public
reception on a magnificent scale
There will be music and flowers,
ice cream and souvenirs. And
for those who can't inspect the
new bank quarters during the
day the doors will be open at
night.
The new bank building. representing
an investment close to S100,O00.00 is
one of the handSomest structures in
Elizabeth City and the banking rooms.
occupying the entire first floor with the
exception of an entrance to the upper
floors, are among the finest and best
appointed in the> state. The fixtures are
of solid mahogany, the grillwork of solid
bronze, the marble work of imported
Italian marble and cost altogether about
So, 200. The remodeling of the build
| ing itself cost another $4,000.
One of the most interesting features
of the new quarters is the big two-story
fire and burglar proof vault equipped
with the American Bank Protection Co.
electric burglar alarm system. This
burglar alarm system alone cost $4,000.
No one can tamper with that vault at
any hour of<fhe day or night without
setting off an alarm Which would arouse
| the town. And in the working quar-
ters of the bank are numerous push but
tons easily touched by the hand or foot
of any empfoye which set off the whole
alarm system thruout the building. A
daylight robbery or hold-up is impOs-
sible with such a system.
Another interesting feature of the
new banking quarters is a community
room at the rear of the lobby, equipped
with public telephones, writing desks,
private lavatory and suitable furniture.
This room is going to be a popular re-
sort for country people seeking a rest
room or a phone to make an appoint
ment and transact business.
The entrance to the bank rs on the
corner and from the entrance one walks
directly into a spacious lobby, the floor
of which is of beautiful pink tinted i'm
ported Italian marble. The ceiling is
finished in white ivory and the walls in
French gray, making a beautiful, well
;rIf fIrO
marble check desks in the lobby
|, To the left of the ENTRANCE and in
the front Of the banking room is locat-
ed the officers quarters. There is a
private Office for the pro sident just back
of the officers quarters. The directors
room is on the mezzanine floor at the
rear of the lobby. This room is ex-
quisitely finished in solid mahogany and
like the officers quarters has a hard
wood floor of attractive lustre and fin
ish.
The lighting, plumbing and heating
details of the building have been care
fully planned. The heating of the
building is provided by the very latest
hot water heating system with twin
boilers. The fre-walls, metal beam
construction and electric wiring thru
conduits gives the building the lowest
insurance rate of any business property
in the city.
A Bit of History.
A word about the history of the
Savings Bank Trust Co. should be
of especial interest at this times This
bank was established Dec. IA, 1903.
The officers were w. T. Old, president;
E. F. Aydlett, vice president and Geo.
B. Pendleton, cashier. In August 1906
Mr.. Pendleton resigned and H. G. Kra-
mer was elected cashier. He has filled
the position successfully every since
and to his hustle and enterprise is due
in great measure the phenomenal
growth of the banks deposits.
In 1912 Col w. T. Old moved to
Norfolk, creating a vacancy in the, pres
ident's Office and J. B. Flora was elect
ed president. Mr.. Flora served until his
death in 1914, and was succeeded in
1914 by P. H. Williams, who still holds
the Office and gives most of his time
to the affairs of the bank.
The Savings Bank & Trust Co. start
ed with a capital of $4,000. In Feb.
| 1, 1915, it absorbed the Mercantile Bank
to $4,000. W. II. Jennings, cashier
of the Mercantile Bank, was made as
sistant cashier of the Savings Bank &
Trust Co. in the merger. The deposits
of tie bank directly after the merger
were $4O1 10000 At the present time
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