Milford chronicle., 1948-10-22

was bought and the building re-
modelled to include a banking Office
which was occupied until April.
1881, when it was burned. Temper
ary quarters were made in the Ba-
con Block across the street until
November 81, 1881, when the pres
ent new building was ready for
use.
Milton Office
Opened for business January 2.
1902.
Directors: Charles H. Atkins.
Isaac N. Mailer, J. Leon Black. the
present vice president and cash
Ter; c. Frank Lacey.
Officers: Joseph N. Lank, trust
officer, retired June, 1947, at that
time holding the Office of cashier:
Thomas r. Wilson, assistant trust
officer
Banking House: The Sussex
Trust COmpany's Milton branch was
first housed across from it's present
location, on Federal street. When
the Milton branch purchased the
Milton office of Delaware Trust
Company, in 1924, the banking
house of the Delaware Trust Com
pany was taken over, and is still
in use.
This anniversary is being OBJ
served chiefly because it affords an
occasion to thank the banks cus4
toners whose confidence and busi-
ness have made it's progress pOss-
ible. The Sussex Trust Company
has not only progressed in years
and its amount of resources, but
it has kept astride of the times and
consequently offers fine working
conditions and incentive for it's en-
plOyees.
Each employee is furnished free
life insurance and group hOspitali-
zatiOn cOverage. He participates
in a bonus plan whereby 1879 of
the banks net earnings are divid-
ed among the workers. This profit
sharing plan was introduced three
years ago. In 1947, the bank estab-
lished a pension plan, with no cost
whatsoever to the employee. At
present two of The Sussex Trust
COmpany's faithful employees are
retired, under the plan.
The Eewes Office was one of the
first banks south of Wilmington
to install air conditioning for the
comfort of it's employees and Gus
toners.
Another proof Of progress lies in
the fact that The Sussex Trust
Company was one of the first
banks in the state to take G. l.
Loans, and has taken more than it's
prOpOrtiOnate share.
In football, it is team work that
produces tOuchdOwns. Likewise, in
banking it is the sincere efficient
cooperation of the bank with it's
customers which creates an enjoy
able and mutually profitable rela-
tiOnship.
The Sussex Trust Company likes
to regard itself as a member of
your team. Once you have called
the signals on a transaction, it
feels the responsibility to carry
the ball for you until the play is
completed That applies to every
phase of The Sussex Trust Com
pany's service whether it is
matter Of opening an account, MAX
ing a loan, or any of the numerous
ways in which the institution may
be helpful.
The Sussex Trust Company is
deeply grateful to all who have
contributed to it's growth by their
loyalty and friendship, which is
highly valued and which the Sus-
sex Trust Company will strive
constantly to merit.
The only flaw in The Sussex
Trust COmpany's celebration of
Fifty Years of Friendly Service" !"
is that the one person who has an
ticipated this event as perhaps no
others have, and has offered many
constructive and creative ideas to-
ward making it a festive occasion,
President Harvey D. Williams, will
be unable to take full advantage of
the pleasure that accompanies the
Golden Anniversary of the bank to
which he has given % years of his
time, energy, and conscientious eff
fort to help make The Sussex Trust
Company a Progressive Bank in
Progressive Communities.