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Millville Savings & Loan Association Inc

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Savings & Loan Associations, Commercial & Savings Banks, Savings & Loans

100 Albertson St, Millville, NJ 08332

856-825-0809

CLOSED NOW: 
Today: 8:30 am - 3:00 pm

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General Info
In 1941 Millville Savings and Loan Association was formed when five building and loan associations were merged with assets totaling $387,174. The following are the five building and loan associations that merged: Columbia Perpetual Building and Loan, Hope Building and Loan, Institute Building and Loan, Protected Building and Loan, and Security Perpetual Building and Loan. The first meeting was held on June 2, 1941 at the offices of Reeves and Melvin. Clarence Reeves, better known as "Ki," was elected President. Fourteen directors were present. Business transacted included granting five loans totaling $8,200. The mission of the newly founded association was to encourage home ownership and to promote saving. In October 1941, a contract was awarded to Raymond Goodwin for the construction of an office building at 219 North High Street. The cost was not to exceed $9,500. The office building, costing $9,107, was open for business on March 20, 1942. The staff consisted of an Executive Secretary and a teller/ stenographer. The building at 219 North High Street operated as a branch office until 2000. It was sold in 2002.
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Fax: 856-327-4695

TollFree: 844-246-1403

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Categories
Savings & Loan Associations, Commercial & Savings Banks, Savings & Loans
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Millville Savings Bank

Millville Savings and Loan

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