The Central Trust Company organized on April 9, 1891 at Read’s Hall, a building which later housed the Camden Daily Courier newspaper. After receiving its charter on May 8, the Central Trust commenced business on May 11, 1891. The bank was located at 324 Federal Street until April 1, 1892, and then at 323 Federal Street. The Central Trust Company bank building at 4th & Federal Streets was opened on October 31, 1900. The first president was Abraham Anderson, R.F. Bancroft the first vice-president, and Charles C. Pine the first treasurer. Thomas Nekervis was made secretary-treasurer on April 14, 1892. Montreville Shinn was made assistant Secretary-Treasurer on June 16, 1908, and C. Chester Craig was made trust officer on December 17, 1900.
The Camden Trust traces its origin back to July 1, 1873, when the The Camden Insurance, Safe Deposit & Trust Company, first opened for business, at 224 Federal Street. Over a period of seventy-five years, the bank merged with other local banks such as the Security Trust Company, Central Trust Company, East End Trust Company, and American National Bank Bank. The bank relocated, and underwent name changes prior to achieving it’s “modern” format in 1938. At that point the institution was the largest bank in South Jersey.
The Farmers and Mechanics Bank was organized with a capital of $300,000 on March 31, 1855. The banking house at the southeast corner of Front and Market Streets was built at the cost of $18,000. This institution was conducted as a State Bank until September 1, 1864 when it became a National Bank and its title changed to First National Bank of Camden. On July 1, 1922, it merged with the National State Bank under the title of First National State Bank of Camden. The banking house of the National State Bank was used by the combined institutions and the old building of the First National Bank was subsequently sold to the Joseph Campbell Soup Company.
H. H. Grace, M. D., President and JOHN B. CLEMENT, Treasurer, of the above-named Company, being severally duly sworn, each for himself deposes and says that the foregoing statement is true, to the best of his knowledge and belief.
DR. H. H. GRACE, M. D ., President
CASPER T. SHARPLESS, Vice President
JOHN B. CLEMENT, 2nd Vice President & Secretary-Treasurer
MONTREVILLE SHINN, Assistant Secretary-Treasurer
C. CHESTER CRAIG, Trust Officer
Central Trust Co.
Capital and Surplus, Undivided Profits, nearly $400,000
Federal & Fourth Streets
Camden, N. J.
The Central Trust Company Advertising Calendar, 1908. Camden, New Jersey.
** City Hall. Cooper. Pyne Point and Forest Kill parks were thronged yesterday.
A. McCRACKEN, President
C. T. SHARPLESS, Vice-President
T. S. NEKERVIS, Treasurer
C. CHESTER CRAIG, Trust Officer
WILLIAM C. JONES, Solicitor.
A number of the officials and employes [sic] of the New York Shipbuiling [sic] Company have organized the Shipbuilders’ Home Building and Loan Association by the election of the following officers: President, William J. Bradley; vice president, Thomas J. Moore; secretary, John M. Kelly [sic]; treasurer, Central Trust Company; solicitor, E. G. C. Bleakly. The directors are nearly all connected with the shipbuilding company.
County Collector Ivins wiped out every penny of the floating indebtedness of Camden county yesterday upon the payment of a $5000 note due the Central Trust Company.