REID - Key Persons
started what was then knows as The Atlas Finance Company in March of 1930. The purpose of his business as stated in the original articles of association was "To buy, sell, discount, and deal in real estate and real estate securities, to conduct an insurance agency, to transact, engage in, and carry on any and all kinds of mercantile, trading, contracting, commercial building, and real estate business, and any and all other kinds of business incidental, relating, pertaining to or connected with any one or all of the purposes and kinds of business herein-before mentioned". Reid invested in and developed property all over the metro Detroit area. Over the years that territory has grown to encompass all of south eastern Michigan.
Our company has always remained small. Art's wife Hilda and eventually their three sons William, Robert, and Paul comprised most of the additional shareholders in the company. However, Robert showed the most interest in doing business with his father and worked with him to become vice president on November 20th of 1945 and eventually president two days after his 29th birthday on December 28th 1946. Art stayed on as "Chairman of the Board". In 1959 the Reid Family decided their business needed a more personal name and changed it on September 30th to "The Reid Corporation". It then became time for the next generation to enter the job market. One of Robert's sons, Richard, started going to the office with his father and he has since worked his way to become the current president. Today The Reid Corporation is run by Art's grandsons Richard and Scott Reid, Joanne Locricchio, as well as Richard's son Michael making the business four generations strong.