The link between the W.C. Bradley Co. and Columbus Bank & Trust Co. was recognized Friday morning with a marker that will be placed at the Eagle & Phenix Mill.
"There is a special connection between W.C. Bradley Co., Eagle & Phenix and CB&T," retired W.C. Bradley Co. Chairman Bill Turner said during a morning ceremony at the old mill building on Front Avenue. "Three chairmen of the Eagle & Phenix were also chairmen of CB&T. This is where CB&T began."
To celebrate CB&T's 120 years of existence, W.C. Bradley Co. officials decided to erect a marker on the building that is now home to loft apartments.
About 150 CB&T employees attended the brief ceremony.
"This is another great way to share the story of our shared history," CB&T President Steve Melton said.
The marker reads, in part: "In fall of 1883, a hard working employee at Eagle & Phenix Mills caught her skirt in a piece of of machinery. As it ripped, her life savings fell to the ground. Realizing she felt the lining of her skirt was the safest place for her to keep her valuables, factory executives offered to protect the money for her."
The bank started as Third National Bank in December, 1988.
W.C. Bradley Co. Chairman Steve Butler called the relationship between the two companies "deep and broad."
The loft apartments were developed by the W.C. Bradley Co.'s Real Estate Division.