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The Bank’s Founders On March 13, 1905 seven local men met to organize the High Point Savings and Trust Company, a locally-owned, locally-controlled, banking institution. The City of High Point was growing rapidly with an explosion of furniture, textile and lumbering companies being developed at a rapid rate.

The seven men-Rev. S. H. Hilliard, Jr., J. W. Harris, Fred N. Tate, Dred Peacock, H. W. Frazier, D.N. Welborn and A.J. Rickel- set out to form the bank under provisions of a charter granted by the 1905 North Carolina General Assembly.