Discover Bank Turns 100

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This year Discover is celebrating a momentous occasion; the 100 year anniversary of the founding of the bank in Greenwood. In 1911, Discover Bank was founded as Greenwood Trust Company in Greenwood, Delaware as a small community bank.

Greenwood Trust became part of Sears in 1985 as it expanded into financial services, including serving as the issuing bank for the Discover card. Greenwood Trust was renamed Discover Bank in 2000. “Although we’ve changed the name from Greenwood Trust, we operate our branch with the same community focused principals that our founders believed in 1911,” said Sherry Berman, Branch Manager.

Over the past 100 years, Discover Bank has grown both as a local and direct banking institution, in addition to its role supporting the Discover card business. In Delaware, the Bank continues to provide the community with hometown service and valuable financial products. The Bank expanded into telephone banking in the 1990s and went online to offer a variety of deposit products in 2006. With a focus on expanding the direct to consumer deposit business nationwide, the Bank has grown its base from $2.7 billion in 2006 to over $22 billion today.

In celebration of the Bank’s centennial anniversary, they invite the public to visit them every Friday in July and August from 10 am – 3pm as we celebrate with our new and existing customers. There will be give-aways, refreshments and the opportunity to make new friends.

 

“On behalf of Discover Bank, I thank you for your continued patronage. We are excited to be embarking on another century of service to our community,” said Berman. Visit them online at mydiscoverbank.com.