Welcome Somerset Trust!

For the locals on the Seven Springs side the “old post office” located across from the ICV Trail has had its share of residents. Ski and sandwich shops never seemed to be able to make a go of their business models there. Now we are very excited to WELCOME locally owned, Somerset Trust as our newest mountain neighbor!

We have great faith that they will be here for a very long time. For over a century they’ve been serving Somerset County. They currently have 13 offices along with 49 ATM’s. You’ll find them in Somerset, Cambria, Fayette, and Westmoreland counties! Here’s their story! 

September 2, 1889 the doors were open to the First National Bank of Somerset. During it’s first year of operation it showed earnings of $4,002.12 Two years later their first dividend was declared and every year there after too!

In 1900 Somerset Trust Company was founded as a Pennsylvania chartered bank. This allowed them to undertake fiduciary and bonding activities which at the time national banks were generally prohibited. In 1953 the two banks merged as regulations and laws had changed.

Two families have lead with steady hands through challenging times including the great depression, double digit interest rates, and the current can of worms! Edward, George, John, and Lucy Scull along with Ernest Cook (married to Lucy), George S., and now George Henry Cook have provided steadfast leadership. Henry is the fifth generation of his family to head up this institution.    

Henry’s official title is President, CEO, and Chairman of the Board. He’s not one for pomp and circumstance though and has been out with several employees meeting the neighbors and inviting folks to the local chamber mixer. Here he is with Abe visiting the Prudential Preferred Realty office!

Welcome Somerset Trust!

Welcome Somerset Trust!

Take a look at their web site and see if you have a need for any of their services!  You can follow the progress of the Champion office there too!

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Comments

  1. Robert Wagner says:

    Abe, I’m impressed the President of the Bank is give you a hug. Love you the most, Wags

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