1974 – The Bromberg Family Purchases Underwood’s
In 1974, Herbert F. Underwood chose to sell his business to one of the nation’s most esteemed family jewelry enterprises: Bromberg and Company. Established in Alabama in 1836, Bromberg’s is the oldest business in the state and the second oldest continuously operating family-owned retail establishment in the United States. Frank Bromberg, a longtime friend of Herb Underwood, encouraged him to remain involved in the daily operations, which he did until 1980. Afterward, Underwood continued to work closely with Clayton Bromberg, providing training and guidance until Clayton assumed the role of President in 1988, serving in that capacity until 2024.