Professional Profile: Vernon Parkhurst - 1966

Name: Vernon Parkhurst - 1966

Title: vice-president / mortgage department

Company: Workingmens Cooperative Bank

Location: Boston

Birthplace: Framingham, Mass. - 1917

Education: Framingham High School, graduate School of Savings & Loan, Indiana University Vern was faced with the task of finding employment during the height of the depression years, and was fortunate to find work with the Framingham Coal Company. By 1940 he had reached the position of assistant manager, but decided to enter the banking world; and for $25. a week became a teller at the Framingham National Bank. In September of 1942, Parkhurst enlisted in the Air Force and for the next 39 months served as flight instructor. “ It was difficult to find work after the War and I did various jobs including chief pilot in a local airport. After a few years in the accounting department at General Motors, I joined the Workingments Cooperative Bank as a credit manager.” Today Vern is vice-president in charge of the Mortgage Department which deals in the vicinity of $20-$22 million per year, making it the second largest cooperative bank in the state. “The key to our success has been location (the Workingmens home office is in the heart of Boston’s financial district) and our policy in being cooperative. We have bent over backwards to keep the Banks’ policies as up to date as possible and when new legislation is passed we try to utilize this for the benefit of our clients.”