Trust Company In Roanoke Has Surplus Of $150,000 And Working Capital Over $1,100,00 – H. G. Robertson President
From the 1938 centennial edition of The Times-Register
The Liberty Trust Company of Roanoke, was organized September 30, 1920, with a paid-in capital of $500,000 Nearly 18 years later the capital stock is quoted at $750,000 with a surplus of $150,000 and undivided profits and reserves in excess of $260,000, affording a working capital in excess of one million one hundred thousand dollars. This institution has paid 32 semi-annual dividends to its stockholders since 1921 without a single intermission.
The company’s banking house, located at Salem avenue and Jefferson street, seven stories in height, is valued at more than a quarter million. The upper floors are utilized for office purpose.
Officers
The officers of the Liberty Trust Company are: H. G. Robertson, president; W. W. Boxley, vice president; F. B. Wilson, secretary-treasurer; Willian A. Gibbons, Jr., assistant secretary.
The directors are W. W. Boxley, C. F. Kefauver, H. L. Lawson, H. G. Robertson, English Showalter, Dr. J. T. Strickland, Dr. G. L. Spitler, E. A. Thurman, G. E. Trout and F. B. Wilson.
The company, in addition to making the first mortgage loans on real estate, also makes personal loans and loans on automobiles. A savings department is operated on which interest is paid depositors. Savings approximating $300,000 are carried and individual deposits up to $5,000 are fully insured by the Federal Deposit Insurance Corporation. Safety deposit boxes are rented at reasonable rates.
When the company was organized 18 years ago, the late R. H. Angell was made president and served in that capacity until his death in 1933. W. W. Boxley was vice president and C. D. M. Showalter, secretary-treasurer.
– Prepared by Lingjie Gu
