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Bill Allen Email
Lexington, KY
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Employees:
68Revenue:
$12.9MAbout
In 1933, Charles H. Jett, Sr. obtained a franchise for Servel Kerosene Refrigerators for Lexington and Central Kentucky. On January 1, 1936, Charles H. Jett, Jr. purchased the Servel Electrolux Gas Refrigerator franchise and business from his fatherMr. Jett soon found that more refrigerators, stoves and other appliances could be sold if they were financed for $10 per month rather than selling them for $300 at one time. The beginning of the installment loan and collection business was an outgrowth of this strategy. Installment lending was new and bankers required that high reserves be kept which forced the new business to save. During World War II, these reserves allowed the proprietorship, Charles H. Jett Jr. Appliances, to continue to provide service to its customers. Many of these same people, their children and grand-children remain customers of the bank today. .Bank Of The Bluegrass And Trust Co Address
215 Southland DriveLexington, KY
United States