Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1917-10-24
ANOTHER BANK TO
Do BUSINESS HERE
Branch of Eastern Shore Trust Co.
Organized
W. M. HOLLADAY. PRESIDENT
Other Officers ond Directors are Chosen
Expect to Open Doors First
of Year

Another banking institution is to
begin business in Annapolis
The Eastern Shore Trust Company,
which was founded at Cambridge in
1901. and which for the last several
years has been engaged in establish
ing branch banks in the State, princi-
pally through the counties of South
ern Maryland, has made Annapolis
link in the chain. 1t has been known
for several months that the Eastern
Shore institution had its eye on An
napolis as a good field for another
branch organization, and the plans as
sumed definite shape last night when
number of the prospective stock
holders got together and organized by
the election of officers and directors.
Mr.. W. Meade Holladay, until re-
Gently editor and owner of the Adver-
Republican, a weekly publica-
tion of this city, was made President;
charles F. Lee. a real estate dealer,
yice-president, and Wilson G. Gott,
attorney These, together with the
following three b, siness men. will
comprise the board of directors:
Former Mayor John dep. Douw, T.
Roland Brown, and William H.
Thomas. 1t is proposed to add three
more men to the directorate, and
these probably will be taken from
among the substantial farmers of the
county
The new banking institution will be
officially known as the Annapolis
Bank of the Eastern Shore Trust
Company of Maryland" and accord
ing to the plans of the officials, it is
expected that its doors will be open
for business by the first of the year.
The headquarters of the bank will
be on the southeast corner of Church
Circle and Gloucester street, as the
officials have an option on the old
Pinkney residential property In
fact, the deal for the purchase of this
property has practically been con-
summated. The building will be re-
modelled in order to afford first-class
banking quarters.
With the Annapolis Bank establish
ed, the parent organization will then
have IA branches in the State, the
others being as follows: The Prince
Frederick Bank, the Solomon's Bank,
the Owings Bank, the Indian Head
Bank, the Charles County Bank, the
Leonardtown Bank. the Cambridge
Bank, the Hurlock Bank, the Vienna
Bank, the fredericksburg Bank, the
Sharptown Bank, the East New Mar
ket Bank, and the South Dorchester
Bank It will be noted that the only
county that is not represented in the
chain is Prince Georges.
Here is the financial statement of
the mother institution of these banks,
as of May 30, 1917:
Resources-Loan and Discounts.
$2,305,511.96 Stocks, Bonds, Securi-
ties. etc. SLABS, S,197.11; Due from Ma
tional, State and Private Banks and
Bankers and Trust Companies, other
than reserve. $226,S7116; Due from
approved Reserve Agents, $244 4,916.37;
Cash in Bank, $120,656.93
Liabilities-Capital Stock paid in,
s1S4 100000; Surplus Fund, s1S4, 10000;
Undivided Profits, less expenses, In
terest and Taxes paid, $135, 5,309. .27;
Deposist (demand), 1892 ,S39.6S; De-
posits (time), $3,127,34246
Appointment of a cashier and others
of the clerical force for the bank will
be taken up by the directors in the
near future. 1t is understood num-
Der of applications for positions have
already been made