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March 7, 2014

Step Back in Time: March 7, 2014

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The Daily Star

---- — 25 years agoMarch 7, 1989

NORWICH — The National Bank and Trust Co. of Norwich is buying four upstate banks that will give it two more offices in Delaware County and extend its reach north into Oneida, Essex and Fulton counties.

NBT will nearly double from 19 offices now to 34 when the deal is complete, probably in the third quarter of the year. NBT currently has offices in Chenango, Delaware, Tioga and Broome counties.

The purchase of the four former Irving Bank Corp. banks was announced Saturday by Donald E. Stone, NBT president and chief executive officer. The four banks are the National Bank of Hancock, Hayes National Bank in Clinton, Fulton County National Bank and Trust Co. and the Bank of Lake Placid.

The purchase will bring NBT’s assets from $519.3 million, as measured at the end of 1988, to approximately $812.8 million, said Stone.

  

50 years agoMarch 7, 1964

STAMFORD — An early morning blaze, possibly ignited by sparks from a charcoal carbonizer, destroyed the 40 by 50 foot combination office-machine shop at the Timberlands charcoal manufacturing plant on the Stamford-Grand Gorge Road Friday.

Timberlands vice-president Joseph Gallo of Stamford set the loss at “approximately $50,000.” He said there was some insurance coverage but that it was “inadequate.”

The blaze was discovered just before 6 a.m. by the Timberlands’ night watchman, Floyd Nickerson. He told Stamford Fire Chief Leslie Kipp that he came out of “the big building about 5:45 a.m. and saw a lot of smoke.” When he walked around the office-shop he found the west side in flames, the fire chief said.

Timberlands is headed by Frank Murphy of Stamford with Mr. (Joseph) Gallo and Don Warner, vice-presidents. The firm manufactures charcoal briquettes.

Mr. Gallo said the firm would rebuild “but not on the same location.” A temporary office is being set up in Stamford pending the completion of a new office, he said.

Step Back in Time features news items from The Daily Star 25 and 50 years ago.