Greenwood Bank & Trust Co.
Greenwood Bank & Trust Co.
The charter of incorporation of the Greenwood Bank & Trust Company is published in this issue of the Commonwealth to which the attention of our readers is directed.
The incorporators of this staunch new financial institution are Messrs. J. B. Sterling, John Hart, Ben Hart and H. B. Lightcap of Jackson, W. R. Humphrey of Greenwood, S. C. Bull and C. S. Butterfield of Brookhaven-seven of Mississippi's best citizens and wealthiest and most successful business men-and our people are very much gratified to have them become identified with Greenwood and Leflore county.
As soon as the charter has been published three weeks and permanent organization has been effected, the Greenwood Bank & Trust Company will open business in the old Delta Bank building, which was a few months ago purchased by the incorporators, in connection with the Dantone storehouse adjacent to same. These quarters will only be temporary, as it is the purpose of the stockholders to construct at no very distant date a magnificent four or five-story banking and office building on their splendidly located property, which will be an ornament to our progressive city and county.
The capital stock of the new bank is $35,000, all of which has been subscribed and paid in, and the capital stock will be increased from time to time as necessity may demand.
The Commonwealth is glad to welcome this, as well as all kinds of reliable and substantial institutions to Greenwood, and bespeaks for the Greenwood Bank & Trust Company a liberal share of the public patronage.
From The Commonwealth, April 14, 1916
Contract for the erection of a new bank building for the Greenwood Bank & Trust Company was signed yesterday with Estes-Williams Construction Company of Memphis as contractors. Work will begin at an early date, and the building is expected to be ready for occupancy during the summer.
The new bank building will occupy the site of the present building and will be one of the handsomest bank buildings in the state. It will be of stone and brick construction with interior fittings of marble and glass, furnishing beautiful and commodious quarters for the employees and patrons of the bank.
The building will be exclusively for banking purposes and will provide no office rooms. Mr. S. G. Beaman, local contractor, has become associated with the Estes-Williams Company, and this company, recognized as one of the best building firms in the South, will establish a branch office in Greenwood, doing a general line of contracting on all size buildings.
Mr. J. G. Estes, president of the firm, was in Greenwood yesterday and today, signing the contract with the bank and looking over the prospects of Greenwood. Mr. Estes is enthusiastic over the prospects of development in Greenwood, and unhesitatingly declared this morning that Greenwood enjoyed greater advantages and better prospects for development than any other city in the Delta.
From The Greenwood Daily Commonwealth, March 9, 1926