The Waterbury Democrat., 1931-02-02
Building And Loan
 In New Quarters
Association Tops Eleven Years of Growth By Moving to
 Former R. F. Griggs Building at 6 North Main

place to carry on. Later, when they required this room, we made a very
 satisfactory arrangement with the Waterbury National Bank. We now find ourselves requiring more room and as the Waterbury National bank cannot provide this we are very happy to announce that we are go- ing into home of our own.
 Our increased facilities will en- able us to serve the citizens of Wat erhury to much better advantage
 We hope you will urge all those in- terested in home building or putting their money into a safe investment to call at our new office. Please re- member that your Building and Loan association is a mutual institu- ton, which means that all the prof. it's accrue to you as shareholders. "The January 1891 shares are now on sale and we hope you will 1 take advantage of this opportunity to increase your savings.
 Respectfully yours,
 "B. s. Coe, President"
 The present officers and directors are as follows: Officers, Benjamin S.
 Coe, president; Clark H. w. New ton, vice president; Arthur w. Nich- ols, secretary; M. A. White, assistant secretary; Harry L. Platt, treasurer; Harvey R. Riggs. assistant treasur- CT; Theodore V. Meyer, attorney. Board of directors: B. s. Coe, D. W. Hitchcock, Roger s. Sperry, C. H. w. Newton, c. H. Chapman, Ralph Paine, R. D. Ely. Starbuck Sprague, Theodore V. Meyer. Leon French, W. s. Jones, F. w. Judson. Albert Schumacher, J Francis Smith, F. A. Jackie, H. B. Riggs. Joseph Wilhelm. E. H. Yates, George H Wells. H. B. Dow.
 In an interview yesterday Presi- dent Coe stated that the association commenced taking payments at the Chamber of Commerce building. these being recorded by faithful few and at first without compensa- ton. Later as the business 1n- creased, payments were taken at the Citizen & Manufacturers Nationa! bank and Thomas F. Moore suc- ceeded MT Riggs as secretary. Then as new series were issued and more and more demands were made upon the association the business so in- creased that it became necessary to employ q full time secretary to ham, dle the business.
 In February. 1925. Arthur w. Nichols was appointed the first full time secretary and is still acting in this capacity. From February, 1925 until the present time the business of the association has been conduct ed at the Waterbury National bank. As the association has continued to grow it finds itself in need of more space-larger headquarters. So the association is now taking over the whole first floor of the brick build- ing at 63 North Main street directly opposite the Dime Savings bank. Assets Grow Steadily
 "It is interesting to look back over these years and note the growth of the association" said MT Coe. The first annual report of the associa tion as of Dec 31, 1920 shows the assets at that time $33,777.30. On Dec 31. 1922, only two years later the assets had mounted to $263,- 138.74. On Dec 31. 1924 the assets had grown to $644,929.69. Dec 31 1926, the assets were $1.142,349.6s and on Dec 31, 1928 had reached over one and one half million dollars 1880, even in the face of more than a year of business depression showed assets of $1.8S2,101.25."
 This is remarkable showing averred MT Coe and proves the abil- Zat;on to withstand even the mos' | severe dull times. The report of tho | banking company of the state showed this association to be th'
 fastest growing association in thu