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Drucker and Falk History

A. Louis Drucker and Emanuel E. Falk were associates long before they ever dreamed of Drucker & Falk. Before World War I, young Mr. Falk assisted Mr. Drucker in his grocery store after school and on weekends. Mr. Drucker had no qualms about leaving Mr. Falk in charge of the store when he went home for dinner.

In 1938, A.L. Drucker had an insurance office located in a tiny cinder block building in downtown Newport News, across from the Post Office. E.E. Falk was completing an assignment to liquidate the Old Dominion Land Company. He formerly worked in Richmond, and upon completion of his assignment, he proposed forming a Real Estate-Insurance partnership.

In March 1938, the partnership Drucker & Falk was formed. They had a very humble beginning, both investing $100.00. They purchased a new typewriter and employed one part-time associate who wrote the insurance policies, kept the books and also acted as a secretary.

The growth of the partnership each year was phenomenal. They soon had to move across the street to larger quarters. In 1962, the city condemned all of the buildings in a five block area, one of which was the Drucker & Falk office. So, in 1970, the present Drucker & Falk building in Newport News, VA was erected.

Erwin B. Drucker and David C. Falk, Sr. became full partners on January 1, 1969. David Falk branched from Newport News to Raleigh, North Carolina.

From 1970 on, Drucker & Falk has expanded very rapidly. Now spanning over many states, Drucker & Falk offers a wide variety of professional investment real estate services.

On May 1, 1997, Drucker and Falk entered a new era with the formation of Drucker & Falk, LLC. Effective May 1, 1997, the Drucker & Falk Partnership ceased operations and all of the outstanding contracts and responsibilities of the Drucker & Falk Partnership were converted to Drucker & Falk, LLC. This conversion to a Virginia Limited Liability Company created a modern business vehicle to provide the associates with more opportunities for growth and advancement, and thereby to better serve all of the D&F clients.

Concurrent with the formation of Drucker & Falk, LLC, a newly formed Virginia Corporation known as Drucker & Falk, Inc. was appointed as Manager of Drucker & Falk, LLC. This corporation was charged with the responsibility of running and administering all of the LLC's affairs. Also effective May 1, 1997, all direct employees of the Partnership became direct employees of Drucker & Falk, Inc.

Drucker & Falk began as a small family business. Although there has been extreme growth since the founding of the partnership in 1938, the firm today still prides itself in retaining its family character.