In 1896, it joined the Syndicate Trading Company, a retail joint purchasing company based in New York City. From 1925 to 1956, it operated the Adam, Meldrum & Anderson State Bank, which merged with M&T Bank. In 1942, Robert Adam III, grandson of the founder, became President and served in that capacity until 1980; then serving as Chief Executive Officer until his death in 1993.
In 1896, the company joined the Syndicate Trading Company, a retail joint purchasing organization based in New York City. From 1925 to 1956, it operated the Adam, Meldrum & Anderson State Bank, which merged with M&T Bank. In 1942, Robert Adam III, grandson of the founder, became President and held that position until 1980; then serving as Chief Executive Officer until his death in 1993.