Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-12-16

president and Albert B. Ruff, as cashier.
In 1895, upon the decease of Mr.. William e.
Clark. Mr. Clarence F. Norment, son Of
the banks first president Mr.. Samuel Nor
ment was elected to and still retains the
presidency of the bank.
In 1898 the charter Of the bank was ex-
tended. but before doing this the capital
ings, leaving a surplus of 10000. Since
this time it has paid an annual dividend Of
10 per cent and increased it's surplus to
s125 GOO.
Numbered among the directors of the
bank during its existence. and now de-
ceased. were some Of the city's prominent
business men. notably, Samuel Norment,
William E. Clark. Nicholas Acker. William
B. Webb, James L. Barbour. William H.
Clagett, Benjamin Charlton, George B..
Thompson, John H Goddard, o. T. Thomp-
son, John L. Edwards. James e. Clarke
and James S. Edwards.
The bank is located at the corner Of 7th
street and Pennsylvania avenue northwest,
in the heart OF the business section of the
city, and its present officers are: Clarence
F. Norment, president; Daniel Fraser. vice
president; Albert B. Ruff. cashier; w. Wal
lace Nairn assistant cashier. The directors
are Horatio Browning. E. B. Evans, Ed
ward Graves, Frank P. May. Theodore j.
Mayer, w K. Mendenhall, l.. Woodbury.
and John Callahan:
The present president Of the bank, Mr.
Clarence F. Norment, is Washingtonian
by birth, being born here in 1856. He was
educated at the Western Maryland College
He is of the third generation Of a family
that have been prominent in business and
finance in Washington for the past fifty
years or more. Mr.. Moments grandfather
was Ulysses Ward, who founded the old
Mutual Fire Insurance Company forty
years ago, on the corner now occupied by
the Bank Of Washington and directly across
the street from the General National Bank
Samuel Norment, the father of Clarence F.
Norment. went into business on this same
corner and founded the Central National
Bank some twenty years ago. Mr.. Norment
| the death of his father Samuel Norment,
and since that time his business interests
| have been centered around this institution.
| He became president Of the bank In 1895,
which position he has held up to the pres
ent time. During his incumbency the bank
has experienced great prosperity, increasing
its business largely. and 1t now ranks as
one Of the leading financial institutions of
| the District.
| MIR. Norment is a prominent member of
individually, a considerable holder in local
securities. When the Washington Bankers
Association was organized he was made its
vice president. He is a director and a
member of the executive committee of the
American Security and Trust Company and
citation and insurance affairs. He is also
trustee for several large estates and has
| important real estate holdings in the Dis
| trict. He is comparatively young man,
| and while strict in business habits he has
a genial, generous disposition, and is ever
on the lookout for the city's best interests
| and welfare
Aside from his business life Mr.. Norment
| is a member Of the Blue Ridge Rod and
| Gun Club. and Is vice president of the
Washington Automobile Club. being an en-
| thusiastic patron Of this pastime. Mr..
Norment holds several other positions OF
| note. among which is the vice presidency OF
| the Norfolk and Washington Steamboat
| Company, and he Is at the head of the
Home Mutual Building Association, besides
sbeing a director of the Metropolitan Fire
Insurance Company. which is one Of Wash
tingtons strongest institutions. Mr.. Nor
ment is married and resides at the Port
! land, and has three children living.