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Hillsboro Building and Loan (Savings and Loan)

The Hillsboro Building and Loan Association was organized on August 20, 1913, in the back of the West End Drug Store, where druggist C. M. Andrews took members' payments at his counter until 1926. It opened its own brick office on Calvin Street in 1950, became Hillsboro Savings and Loan in 1956 and moved to North Churton Street in 1961.

Map tiles © OpenStreetMap contributors. Site locations from the N.C. State Historic Preservation Office survey, Open Orange, Orange County GIS, OpenStreetMap and a few other published sources named on each site’s page; town and community pins show approximate locations.

People in its history

People named in events about this site, ordered by number of mentions. Each example links to an entry with a source citation.

Sites linked through the same people

In the chronology

  1. The Hillsboro Building and Loan Association is organized in the back of the West End Drug Store Six incorporators put up $5,500 to start the Hillsboro Building and Loan Association, with Charles H. Robertson as president and druggist C. M. Andrews as secretary-treasurer. Andrews took members' payments at his drug counter until 1926. People: Charles H. Robertson, Charles M. Andrews, N. W. Brown The News of Orange County (Hillsborough), October 5, 1950, p. 10 · Also: The News of Orange County (Hillsborough), April 13, 1961, p. 27
  2. The Hillsboro Building and Loan Association wins federal insurance for its accounts The Hillsboro Building and Loan Association, founded in 1913, won federal approval to insure its accounts up to $5,000, and its directors marked the approval and the association's growth, with assets over $370,000, at a dinner at the Masonic Lodge. On June 30 it paid $4,585 in dividends, over $600 more than six months before. People: Bonner D. Sawyer The News of Orange County (Hillsborough), June 23, 1949, p. 1
  3. The Hillsboro Building and Loan Association announces an open house for its first office building, on Calvin Street After 37 years of meeting in stores and a depot office, the association announced an open house for its own one-story Colonial-style brick office on Calvin Street in West Hillsboro, built with a fireproof vault. The News of Orange County (Hillsborough), October 5, 1950, p. 10 (Building and Loan open house) · Also: The News of Orange County (Hillsborough), October 5, 1950, p. 1
  4. The Hillsboro Building and Loan Association pays the largest dividend in its history The Hillsboro Building and Loan Association paid nearly a thousand stockholders $9,820.16, the largest dividend since it was started in 1913, secretary-treasurer Wade D. Key said. The News of Orange County (Hillsborough), July 5, 1951, p. 1
  5. Hillsboro Building and Loan reports its biggest year At its annual stockholders' meeting the Hillsboro Building and Loan Association reported assets of $918,097 at the end of 1951, up 41 percent, with 108 home loans made during the year, 40 of them for new houses, and record dividends of $21,103. Vice president B. S. Carr estimated that about half the homes around Hillsboro had been built with its help in its 39 years. People: Brodie S. Carr The News of Orange County (Hillsborough), January 17, 1952, p. 1
  6. The Hillsboro Building and Loan Association passes a million dollars in assets The Hillsboro Building and Loan Association announced in June 1952 that for the first time in its 39 years its assets had passed one million dollars. At the end of the month it paid about $12,000 to some 1,200 members at a 3 percent yearly rate, the largest dividend in its history according to the paper. The News of Orange County (Hillsborough), July 3, 1952, p. 1
  7. The Hillsboro Building and Loan Association passes $2 million in resources The association's resources reached $2,006,844.52 on November 30, nearly half a million dollars more than a year before, and its directors declared the first semi-annual dividend at the 3.5 percent rate they had adopted that fall, about $29,000 for some 1,250 savers. The News of Orange County (Hillsborough), December 15, 1955, p. 1
  8. The Hillsboro Building and Loan Association becomes Hillsboro Savings and Loan Association On a vote of its stockholders, the association changed its name to Hillsboro Savings and Loan Association, announced alongside the largest dividend in its history. People: Ira Ward The News of Orange County (Hillsborough), June 28, 1956, p. 1 · Also: The News of Orange County (Hillsborough), June 28, 1956, p. 8
  9. Hillsboro Savings and Loan buys a Churton Street lot for a downtown office The 46-year-old association, begun in 1913 in the back of a West Hillsboro drugstore and for ten years in its own building on Hillsboro Avenue, bought a lot on Churton Street south of the A. H. Graham office building from Graham and the Fred Cates estate, cancelling a planned auction, to build a downtown drive-in office reached from Churton and East King streets. Its assets had passed $3,115,000. People: Brodie S. Carr, Ira Ward, Alexander H. "Sandy" Graham The News of Orange County (Hillsborough), September 24, 1959, p. 1
  10. The Hillsboro Savings and Loan Association lays the cornerstone of its North Churton Street office Cornerstone ceremonies were set for the association's new office on the east side of North Churton Street, half a block north of the court square, under construction since early June. Charles C. Hartmann of Greensboro designed the one-story Colonial Revival building with a drive-in window. The News of Orange County (Hillsborough), August 18, 1960, p. 3 · Also: The News of Orange County (Hillsborough), June 2, 1960, p. 8; National Register, Hillsborough Historic District Additional Documentation; The News of Orange County (Hillsborough), August 25, 1960, p. 2
  11. The Hillsboro Savings and Loan Association opens its new downtown office The association held a public open house with prize drawings at its new office on North Churton Street, the building later known as the Hillsborough Savings Bank. Its 1950 office stayed open as a second location. People: Ira Ward The News of Orange County (Hillsborough), April 13, 1961, p. 24 · Also: The News of Orange County (Hillsborough), April 13, 1961, p. 28; The News of Orange County (Hillsborough), April 20, 1961, p. 12

Open these in the chronology →

Indexed works

The index has no works about Hillsboro Building and Loan itself yet. The surveys and maps below cover where it stands. Search the index for Hillsboro Building and Loan, or tell us about a book or record we have missed.

Surveys and maps of the area

Not about Hillsboro Building and Loan alone: the architectural surveys that cover its town or the county, and maps drawn while it stood. Several of the surveys can be read free online at NC Digital Collections.

Hillsborough architectural survey

Slane, Heather Wagner · 2017 · hmwPreservation

Survey of Hillsborough's historic buildings by Heather Wagner Slane of hmwPreservation, completed in September 2017. The 40-page report covers the town's architecture and history with color illustrations and maps.

Included because: A survey or map of the town or county where the site stands.

NC Digital Collections record courtesy of the North Carolina Department of Natural and Cultural Resources.

Time in place, place in time : history and sense of place in Hillsborough, North Carolina

Warren, Cheryl Davis · 2005

Cheryl Davis Warren's 2005 study of history and sense of place in Hillsborough, 216 leaves with illustrations, maps and a bibliography. Written as human geography, it treats the town's past alongside its social conditions and the ways residents understand where they live.

Included because: A survey or map of the town or county where the site stands.

UNC

Sanborn Fire Insurance Map from Hillsboro, Orange County, North Carolina.

1905

Fire insurance map of Hillsborough, spelled Hillsboro, drawn by the Sanborn Map Company in January 1905 on two sheets, from the Sanborn Maps collection.

Included because: A survey or map of the town or county where the site stands.

Birdseye View of Hillsboro, N.C. Looking East

1905 · A. C. Bosselman & Co., New York, N.Y

Bird's-eye view of Hillsborough looking east, with houses and industrial buildings, on a postcard published by A. C. Bosselman & Co. of New York about 1905 to 1915. Card number 11116.

Included because: A survey or map of the town or county where the site stands.

Found a book OCPL doesn’t own? You can often borrow it through interlibrary loan at OCPL.

Start at OCPL

    Where to look on the shelf

    These books don’t necessarily mention Hillsboro Building and Loan, but they cover where it stands, its kind of building and the land, family and burial records behind it, and they are where a search for a place like this usually goes next. All are at OCPL, most in the Wall Collection.

    Histories of the town and county

    • Start here · NC 975.656 LLO History of the Town of Hillsborough, 1754-1982 Lloyd, Allen Alexander · 1983

      A 1982 revision of Allen Alexander Lloyd's history of Hillsborough, now written with Pauline O. Lloyd and carried forward from the town's founding in 1754 to 1982. Published in Hillsborough by A. A. Lloyd, 310 pages with illustrations and a bibliography.

    • Rebecca Wall Collection · NC 975.656 HOLADAY Hillsborough Holaday, Chris · 2002

      J. Chris Holaday's Images of America volume on Hillsborough (Arcadia, 2002), built mostly from photographs and postcards. Chapters cover homes, churches and schools, business and industry, local people, scenes around town, and sports, entertainment and events.

    • Foundational · 975.656 RYAN Orange County Trio: Hillsborough, Chapel Hill, and Carrboro, North Carolina, Histories and Tour Guides Ryan, Elizabeth Shreve · 2004

      Elizabeth Shreve Ryan's combined histories and tour guides for Hillsborough, Chapel Hill and Carrboro, the three towns of Orange County, with the University of North Carolina treated alongside Chapel Hill. Each town gets a narrative history and a tour of its streets and buildings. Published by Chapel Hill Press in 2004, 369 pages with illustrations and maps.

    Buildings and surveys

    • Foundational · NC 720.975 BIS A Guide to the Historic Architecture of Piedmont North Carolina Bishir, Catherine W. · 2003

      Catherine W. Bishir and Michael T. Southern's field guide to the historic buildings of the North Carolina Piedmont, arranged county by county from Wake and Franklin in the east to Mecklenburg and Gaston in the west. The Orange County section takes in Hillsborough, Chapel Hill and Carrboro along with the rural county, with entries on individual buildings and maps for finding them. Published 2003, 596 pages with illustrations and maps.

    • Foundational · NC 720.975 HILLSBOR Hillsborough Historic District Inventory 2006

      An inventory of the buildings in the Hillsborough Historic District, dated 2006. It concerns historic buildings and the buildings and structures of Hillsborough. Useful for anyone checking a particular property in the town's historic district.

    • Start here · NC 720.975 BEL Photocensus: A Photographic Survey of Buildings in the Hillsborough, N.C. Historic District Built Before 1950 Bellinger, Susan McArtor · 1991

      Susan McArtor Bellinger's photographic survey of the buildings in the Hillsborough Historic District put up before 1950, self-published in Hillsborough in 1991. Arranged as a guidebook, it records houses and other structures in photographs. 142 pages with illustrations.

    Show 1 more
    • Rebecca Wall Collection · 917.565 DUL The Pelican Guide to Hillsborough, Historic Orange County, North Carolina Dula, Lucile Noell · 1989

      Lucile Noell Dula's guidebook to Hillsborough and its historic buildings, published by Pelican in 1989. It pairs a tour of the town with notes on its history, in 128 illustrated pages with a bibliography. Part of the Wall Local History Collection.

    Land, family and burial records

    • Foundational · NC 333.3 DUNAWAY Hillsborough, North Carolina History of Town Lots: The Complete Reference Guide Dunaway, Stewart E. · 2013

      Stewart E. Dunaway worked through Hillsborough, N.C., lot by lot, giving each town lot a synopsis of its history, a plat showing where it sits and transcripts of the deeds he could locate for it. The second issue runs to 720 pages with illustrations, maps and facsimiles.

    • Rebecca Wall Collection · NC 333.3 DUNAWAY Hillsborough, North Carolina History of Town Lots: Addendum 2015 Dunaway, Stewart E. · 2015

      Stewart E. Dunaway's 2015 addendum to his history of Hillsborough's town lots, adding deed records arranged by lot number and further town history, with the expansion of the 1890s covered for the first time. Self-published in North Carolina as version 1.0, 446 pages with illustrations, facsimiles and maps. Topics include deeds, court records, land titles and real property in Hillsborough.

    • Foundational · NC 333.3 IND An Index to the Town Lots of Hillsborough: Orange County, North Carolina 1982

      An index to the town lots of Hillsborough, Orange County, compiled in 1982 as a guide to the deeds and court records that trace each lot's ownership.

    Research sources

    Sources cited in this site’s history, National Register documents, and places to get research help. Research guide: Research a business or a changing street.

    Background

    National Register files

    Historic sites, markers, and maps

    Records of the time 13

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    Collections and databases

    Local help

    Nearby

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    Two mice reading back to back against a leaf, with the hand-lettered words Friends of the Orange County Public Library
    Illustration by Caldecott Medalist Matthew Cordell, gifted to the Friends 2026