Millsboro Trust Company records, 1908-1970
Part of collection: Bank of Delaware records (1719)
Dates
- Creation: 1908-1970
Historical Note
The Millsboro Trust Company (Millsboro, 1907-1970) was incorporated in Delaware, April 9, 1907. Under its original name, the Millsboro Trust and Safe Deposit Company, the bank initially functioned as a small savings (i.e., trust) and loan company for the predominantly rural residents of Millsboro. It granted loans for home repair and construction, small businesses, and discounted promissory notes.
During the Depression Millsboro, Trust Company borrowed large sums of money from the Farmer's Bank of Delaware and the Corn Exchange National Bank of Philadelphia. The Millsboro Trust Company survived the next thirty years with these loans until it merged with the Bank of Delaware on November 16, 1970.
Scope and Contents
Extant records from the Millsboro Trust Company document its work in and for its community. Three Board of Directors' minute books document meetings in which loan applications were evaluated, dating from 1915 to 1934, and savings ledgers record savings activities from 1930 to 1965 to reflect economic changes in the town of Millsboro.
Extent
From the Collection: 123 Linear Feet
Language of Materials
From the Collection: English
Additional Description
Access Restrictions
No restrictions on access; this collection is open for research.
Repository Details
Repository Details
Part of the Manuscripts and Archives Repository
