The Fayette Safety Vault and Trust Company was formed in 1890 as the second trust company in Lexington. The Fayette Safety Vault was capitalized with two hundred thousand dollars and located its offices on Cheapside. Robert S. Bullock, Watts Parker and William K. Massie acted as President, Vice President and Secretary/Treasurer, respectively.
The Board of Directors included Messrs. Bullock, Parker and Massie along with Thomas D. Mitchell, William E. McCann, William W. Estill, James A. Headley, Milton G. Thompson, Matthew Walton and C. Suydam Scott.
In 1891, the firm constructed the Fayette Safety Vault Building on Cheapside to house the firm's banking offices. After operating only two years, the Fayette Safety Vault was absorbed into the Security Trust and Safety Vault Company in 1892.
