Newspapers / The Kings Mountain Herald … / Aug. 18, 1983, edition 1 / Page 2
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Page 2A-KINGS MOUNTAIN HERALD-Thursday. August 18, 1983 OBITURRIES CARL McCRAW Carl McCraw, Top Banker, Dead At 77 Carl McCraw, , one of North Carolina’s leading bankers for almost a half century, died August 12. He was 77. McCraw was born August 19, 1905 in Kings Mountain. He moved to Charlotte immediately after graduation from high school in 1924 and became a runner for Union National Bank." ; The bank, now known as First : Union National Bank, was Carl McCraw’s first and only employer. By the time he retired in 1966, he had served in many capacities, led the bank into the modern age of statewide bank- ing, created many innovations and held numerous titles, in- cluding president and chairman. Because of his innovations, McCraw has been called one of North Carolina’s greatest bank- ing leaders. North Carolina in the mid-1950s had some of the most progressive = banking laws in America, and it was under Carl McCraw that First Union began to utilize those laws. McCraw and C.C. Hope Jr. (who is currently ‘North _ Carolina’s «Secretary ‘of Com- merce) arranged the bank’s first merger with First National Bank and Trust Company of Asheville, and in 1958 the com- panies joined under the combin- ed name First Union National Bank of North Carolina. The new bank had total resources of $120 million and braches 120 miles apart. The merger gave First Union another first— the bank became the first Charlotte-based bank to have branches in another city, because the merger brought in Waynesville, Brevard, Hender- sonville, Canton and Clyde as well as Asheville. The first merger also changed the personality of the McCraw- led institution. That merger also began a 15-year flurry of growth- through-merger which changed First Union from a small, one- city bank with $66 million in- resources in 1957 to more than $6 billion (ranked 34th in size in the United States) in 1983 and established First Union as a ma- jor banking institution in North Carolina and the southeast. McCraw’s personal career was based on an intense interest in his porfession and his communi- ty. McCraw believed in a per- sonal investment in the com- munity. He devoted much of his personal time to civic involve- ment, serving on various boards and commissions for Charlotte Memorial Hospital, the Winston-Salem Baptist Hospital, Queens College, the Chamber of Commerce, the United Com- munity Services, the Goodfellows Club, the Charlotte Executives Club, Mecklenburg County Red Cross, Community Chest War Fund and the Com- munity Chest. He is perhaps best known for his efforts to extend the physical boundaries of Charlotte. From a news account of the effort: ‘Hundreds of men and women were enlisted, petitions with thousands of names were signed, mountain of mail went out, thousands of telephone calls were made, precinct committees were organized, car pools were set up. All of the mammoth organization was directed by McCraw and his committee. The result: Victory for the pro- annexation forces.” The effort earned McCraw in 1957 the distinction of being the first First Union Officer to be named Charlotte Man of the Year. C.C. Cameron in 1974 and as chairman of the board and chief executive officer. He was Johnson Funeral Home Chapel by the Rev. G.E. White. Burial ANNIE ADAMS Mrs. Annie Lee Lewis Adams, eman Adams of Staton, Island, N.Y ., and Kelly “Kal” Adams of Shelby; six daugthers, Mrs. i 3 Edward Crutchfield in 1978 replaced by C.C. Cameron who will be in Oakwood Cemetery in 95, of Route 1, Kings Mountain, 3 later earned the distinction. still serves as chairman and CEO Statesville. died Sunday morning at her Clyde (Gonie) Adams, Mrs. Following graduation from of First Union Corporation. home. Sadie McClain, Mrs. Maggie i the American Institute of Bank- ing in 1933, he was promoted to He was the son of the late Plato Abner and Leona Beattie RUTH MAE WARD A Cleveland County native, she was the daughter of the late Morgan and Miss Sue Francis Adams, all of Kings Mountain, assistant vice president. He also McCraw, formerly of Kings LAWNDALE - Ruth Mae John and Maggie Adams Lewis Mrs. Hattie Nance of Charlotte studied banking at Rutgers Mountain. Ward, 48, of Route 1, died and was married to the late Ruth and Mrs. Mammie Barber of Wed., Aug. 10 at Cleveland Adams. She was a member of New York; one sister, Mrs. University. McCraw has been credited with several innovations in the North Carolina banking in- dustry. In 1935, he created First Union’s mortgage department, anticipating the Federal govern- ment amending laws which had prohibited banks from making mortgage loans. He also pioneered the use of female tellers during the war, as much by necessity as by innovation. By 1956 North Carolinians He is survived by his wife, Ethel Graham McCraw; one son, Carl McCraw; one daughter, Mrs. Charles L. Fon- ville; and one sister, Mrs. Winnie Fogleman; four granddaughters and two grandsons, all of Charlotte. : Services were held at First Baptist Church in Charlotte. MRS. HUMPHREYS . WINSTON-SALEM - Mrs. Odell Dellinger Humphreys, 80, died Tuesday. She was a native Memorial Hospital. A Cleveland County native, she was the daughter of Mrs. Helen Wray WArd of Lawndale and the late Frank A. Ward. In addition to her mother, she is survived by five brothers, Frank Ward of Cleveland, Ohio, James H. Ward of Tuscaloosa, Ala., Eddie L. Ward of Greensboro, John C. Ward and George T. Ward, both of Lawndale; six sisters, and six sisters, Mrs. Rosia Padgett of Galilee United Methodist Church and a member of the United Methodist Women’s Society. She is survvied by four sons, James Roger Adams and Sam Adams of Kings Mountain, Col- Virgie Perkins of Kings Moun- tain; 40 grandchildren, 73 great- grandchildren and six great-great grandchildren. Turn To Page 3-A were used to having their checks of Statesville. Shelby, Mrs. Lucille Williams of PUBLISHED EACH THURSDAY ; cashed by women, but no bank She is survived by two sons, ~~ Greenboro, Mrs. Cleo Ham- \ : i had at that time promoted a William Edward Humphreys of ~~ bright and Mrs. Jacqueline GARLAND ATKINS GARY STEWART DARRELL AUSTIN h Guest of Charlotte, Mrs. Shirley Publisher Editor General Manager } woman to an executive position. McCraw, who had assumed the Kings Mountain; Robert Henry Humphreys of Norfolk, Va.; one Addison of Shelby and Mrs. An- MEMBER OF NORTH CAROLINA PRESS ASSOCIATION presidency of First Union four daughter, Mrs. Rose Marie Huf- nie Griffin of Kings Mountain. ne Hsia ix plished By Sinraty Pyblishiag House, PO. Box 752. Kings ¥ i : i ; in, Carolina. . Business a are locat Hl years earlier, led the way, nam- fstetler of Winston-Salem; three Services were conducted Sun- : i EE EE A, i! ing Helen Wardlaw assistance brothers, two sisters, six grand- day at 3 p.m. at First Baptist paid at Kings Mountain, N.C. Single copy 25 cents. Subscription rates: $10.40 || | vice president in that year. children and three great- Church of Lawndale, where she yearly in-state. $5.20 six months. $11.44 yearly out of state. $5.72 six months. McCraw completed his grandchildren. was a member, by the Rev. Billy || Student rates for nine months, $7.80. USPS 931-040. { 42-year banking career at First Services will be conducted Houze. Burial was in the church = ee ! Union in 1966 when he retired Thursday at 4 p.m. at Bunch- cemetery. | i y CLEVELAND MALL CLEVELAND MALL Shelby, N.C. = _LAY-A-WAY COAT SALE 7 § GIRLS, JUNIOR & MISSY COATS 3 BL AE Redocod From Everyday School Styles To Our Sunday Best eLayaway The Coat Of Your Choice For Only 10% Down And Out By Oct. 31st Also Choose From A Special Group Of Coats In Girl's, Junior & Missy Depariments MISSY Sizes 8 To 20 Special Group Of Waist Length & Dress Length Wool Blend Coats Reg. $49.00 T0 $59.00 ........ Reg. $69.00 To $75.00 ........ SALE $32° 8 SALE S44 8 B JUNIORS Sizes 5 To 15 Special Selection Of Ski Jackets & Pea Coats Reg. $84.00 To $98.00 SALE GIRLS 7 TO 14 AND PRETEEN Assorted Styles In Bomber & Ski Jackets 524° Reg. $36.00 To $40.00 . . . . SALE ; 360 Reg. $109.00 To $119.00 .......... SALE : $104°¢ Reg. $169.00 To $180.00 ...... SALE ! *Styles And Sizes Limited 599° $5Q88 28 LAY-A-WAY NOW | Step to the front in Nike® shoes at special savings ——_— Get back to the routine comfortably in Nike. Men’s leather “Bruin” with cush- 26 80 ioned insole, non-skid sole. Special - Men’s or Women’s canvas ‘‘All- Court” Cushioned for support. 6.80 5.80 2 2 80 Child's “Curt Canvas” Special Childs “Burt Bruin” Special Hu Men’s “Diablo” or Women’s 7 80 Men's canvas “Bruin” Special 1 & w 80 ‘Lady Diablo’’ nylon jobber. Special nu ADDITIONAL STOREWIDE SAVINGS ON ALL BACK TO SCHOOL MERCHANDISE
The Kings Mountain Herald (Kings Mountain, N.C.)
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Aug. 18, 1983, edition 1
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