The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

June 24, 1927 WILMETTE LIFE 35 Twenty of Growth Behind Trust Department Bank Guardian of Clients' Estates Department Increases Steadily Until It Now Oc:cupiea Quarter. Coverina Half of Floor in New Buildina I ~I ·~ One of the outstanding developments of the modern financial world has been the growth of trust company business or rathe.r the growth of that part of banking which has to do with estate and other fiduciary matters. In this, the State Bank and Trust company has been no exception having qualified as a trust company nearly 20 years ago. In 1910, the State Bank of Evanston, as it Wi!S then known, began actively to develop its trust department, receiving early in that year its first appointment as administrato r of an estate. In that ye~ r also, George Tomlinson came to the State hank from the Trust Department of the old Illinois Trust and Savings . bank. Active expansion of \'arious services of the T .r ust department followed and wills thereafter were continuously filed in which the l hank had been named as executor nr Phnto by Lehk . trustee, or in some desired capacity. Tl1c ~paciou s rJUartcr;; of the Trust department of the State Bank and Trust company are shO\\·n here. The Much Other Business Added arched \\'indm":, which is aboyc the main street entrance, l ook s out or. Fountain square. Reception room, consultation It is \YCil known that it r equires the 1" 1 · 1 ·1~1-~-~-~-d pri\'at~ ~fficrs ar~. provi~---------------- _ _ acC\Il1lulation of years of this sort of , I , bu sines s to produce either volume or Bank's Real Estate Loan I the yarious contractors and amounts to profits. In addition to caring for such become due each for labor or material _ __ I estates as were left to be handled by epartment Offers Help ' rnterin~ into construction of the buildI the hank, there gradually was entered in Placing Investments in g . the bank being careful to reserve Spec~alists in Stocks ,and Bonds Gi~e jon the books a large volume of other T . at all tim e::. sufficient funds out of the Gu 1d.ance t~ Banks Customers. ·n business such as living trusts and enshe function <?f th~ Real Esta~c loan proceed s to complete the building Placmg The·r Money todianships. Loan department IS to lllVCSt a certalil . fr 0 porti on of the bank's fund s in loan s tree ten . More and more have the advantages secured by fir st mortgages 011 improved Large and Small Investments One of the most outstanding de- of a modern trust company come .to real estate, and through the faciliti es The de,·elopmrnt :1ncl growth of this \'clopments of recent years in the in- be appreciated. Those possessing seancl experience de\'el<'"' ~-1 in making department dnring the past twcnt~·-five ,·estment field has been the growth of curities or real estate or both have re~l estate loa 115 011 a larae sca le tllis Years has been in accordance with tl1e . turned these over to the trust company " t'o department is ab le to offer a substan- ·growt h of the ban k and t h e com- the banks in influence and service. for management and care including tial li~t oi careiully selected mortgage munity. In the early years loan s were The beginning of this tendency on the collection of interest, rents and othti' loans to it s customers for investment. confined principally to improved resi - part of the public to consult the banker income and their . distribution . Where 0\\·ners of improved property used dence property. Growth has followed about investments may be traced to it is not desired to convey the title for resiclei1ce, apartment or busine ss experience, however, and the require- the days when subscription to govern- to the property, securities are left for purposes often requ ir e funds for the ments of borrowers and investors to the ment liberty loans were made at the safekeeping and this phase of the depayment of current obligations or for extent that loans are now made iv this banks. The State Bank and Trust partment has made phenomenal inYestment in nev.- enterprises, while the department in amounts up to $150,000, company itself handled for seve·ral growth. owners of well located vacant property and in some instances larger amounts thousand Evanston and North Shore Evanston is well known as a comcan most adequately finance the con- have been loaned as joint undertakings. I citizens subscriptions amounting to munity of travelers, many of whom st ruction of homes and commercial or with other ins~tutions.. ~ans in nearly $2,000,000. have learned to enjoy freedom from 1 other income producing buildings amounts l~rger t an. a smg e 1 ~ve s tor 1 The financial field has developed its care which may be had in turning through mortgage loans secured by would be. 1!'ltere.sted m purchasmg are 1 investment specialists, and the staff of over their investments to be looked land and buildings. usually dtvlded u~to ~onds of $100· $SOO officers of the bank who attend to the after by the State Bank and T .r ust Protect the Purchasers or ~ 1 · 000 de!lommattons for the con- purchase and sale of bonds for the company. 'l'he methods followed in making- vemence of mvestors. hank.'s account may be so considered. In addition to Mr. Tomlinson, vice!he Real Estate Lo~n depa.rtment of The State Bank and Trust company president, who is now giving pracfir st mortgage loans are involved in ronsiderable detail and requi.r e the at- thts bank h.as negottated dtrectly or began its service to its patrons many tically his entire time to the trust detention of capable and experienced per- purchased ~mce 1907· mortgage notes years ago by selling to them from the partment, F. 0. Potter, secretary, is also 15 195 ·889 and securities it purchased for the em- associated, and a well organized staff sons in order that the purchasers of and bonds 1 ·11 ~x~ess ~f $ · loans may be properly protected in the h_a $ ?old to mdtvtdual !nvestors, estates, ployment of its own funds, and helps to carry on the 1nultitude of reinvestment. Upon receipt of an appli- hfe 1 ~surance co.mpantes and other cor- through the yea·rs ha·s conserved the sponsibilities of this department. cation, an inspection and appraisal of porations loans 111 excess of $13 .458 ·635 dollars of its customers and helped to So marked has been the growth of the property is made by at least two witho~t !oss of any part of the interest keep them profitably employed. Its this business since the new building independent appraisers whose reports or prmctpal of any of t~e loans . .As a service today has so broadened that was begun that the new T.rust Departare compared and the amount and conseque!lt of the expene~ce and )Udg- it assists in any investment need. ment offices occupy the entire south 'llent gamed through · thts volume of terms of the loan may then be agreed ~ctivity the officers of this department The o~ces of the lnvest!l'e.at de- half of the third floor. upon between the bank and the bor- are wc1l qualified to give sound advice partment m the new bank bUtldlllg are rower. The necessary papers to evi- in matters of real estate values and de- 1 ocated . on the b an k floor , and her .e dence the indebtedness are then pre- velopment. the restden.ts of the nort~ shore wlll Four Elevators Care for pared, executed and filed with the find a servtce on a par wtth the lead· Public, Employees in Bank recorder of deeds, after which an ex-. in~ Chicago inve~tment house~. Four elevators serve patrons and · amination is made of the title to the Bank's Trust Department Cages have been outfitted with steel employees of th e State Bank and Trust pr.operty.. Upon approval of title the O · counters, electrical automatic devices necessary fire and windstorm insurance CCUpteS pactOUS ooms and other modern equipment. The cot.n panr. From 8 a. m. to 9 p. m. elevators operate to carry patrons is written for the provision of both the Overlooking Two Streets furnishing of the department is wal- two property owner and the holder of the nut in keeping with that in the rest from the street floor down to the vault floor or up to the bank or any mortgage, and the bank is then ready The Trust department of the State of the bank. other of the fi\·e floors. to disburse the proceeds of the loan. Bank and Trust company occupies Walls are of Koh~tone finish, givBesides the public elevators there When making improved property large quarters on the third floor of ing the quarters a bright, cheerful atOne enters loans the whole amount of the loan the new building. From its southwest mosphere. One side of the room is of are two bank elevators. the v~ult ~ nd is used to carry deposmay be paid to the owner in a 1 ump glass and looks out into the mezzanine sum, but when making construction corner position it overlooks both Davis passageway which has windows open- its and the steel busses from the teller cages. The other is a freiQht elevaloaps the Junds are disbursed directly street and Orrington avenue, and the ing onto the main lobby of the bank. tor in the back of the building. by the bank to the various contractors windows on those two sides make it and material men according to the one of the most pleasant sections of The State Bank of Evanston quali· office and conference room directly progress of construction based upon a the bank. sworn statement previously obtained G. H. Tomlinson, vice-president and back of ·the clerks' cages so that he is fif'd as a Trust company in 1908 under the laws of Illinois. from the owner showing the names of head of the Trust department, has his accessible at all times. J D 1 ADVICE TO INVESTORS 1 S · R I