Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1919-11-28
Bank OF Bethesda.

The need for banking facilities at Be-
thesda and Chevy Chase has been appar-
ent for some time. The development OF
these towns, both as places of residence
and as locations for business. has reached
a point where it is believed that bank
can be operated proftably and be of real
service to the community.
Application for a charter has therefore
been made, under the laws of the State of
Maryland, for bank with capital of
100000 and surplus of 100000.
The capital stock will be divided into 1000
shares of the par value of $500 per
share. These shares have been subscribed
for at the price of $4,000 per share, the
premium Of $500 per share being fixed so
as to provide the initial surplus of SIS 900.
This purpose is to create an institution
which will serve the whole community
rather than any one section or interest. For
this reason no subscriptions to stock have
been accepted in excess of So, 10000, and
all those who have subscribed to more
than 100000 have placed the excess of
their subscriptions at the disposal Of a
committee for distribution among those
who may now desire to become stock
holders. The whole amount of stock hav-
ing been already oversubscribed, some of
it is now offered, in accordance with the
above arrangement, to representative peo-
pie of the community in order to give
them the opportunity to share in the
growth of their local bank and to give
them special interest in the character of
its service.
Temporary quarters have been secured in
the Gate House at Edgemoor. on Wiscon-
sin Avenue. and plans are on foot for the
building, in conjunction with the Bethesda
Lodge, A. F. and A. M. of permanent
quarters at the intersection of Wisconsin
Avenue. the Rockville pike and the Old
Georgetown road. Bethesda. Md. At the
temporary office. telephone Cleveland 1919,
full information can be obtained.
The MANAGEMENT of the bank will be in
the hands of well-knOwn and conserva-
tive business men. nearly all residents of
Bethesda or Chevy Chase. chosen by the
stockholders.
Mr. Walter X. Tuckerman has been asked
to serve as the first President He has
been interested in Bethesda since 1910
and resident since 1918. and is Presi-
dent of the Corporation which has devel-
oped Edgemoor. He is graduate of Har-
ward University and of the George Wash
ington University Law School; he Served
in the Union Trust Co., Washington, d. C. ;
was a President Of the Union Savings
Bank. and is Director of the National
Metropolitan Bank. of that city.
Mr.. Walter Bogley has been secured as
Cashier He is a member of the we'll
known Montgomery county family. and has
received his bankers training in the PotO-
mac Savings Bank of Georgetown. where
he was employed for nine years in every
position from runner to teller.
The Vice-Presidents will be Mr.. Edward
L. Stock. of Bradley Hills. Vice-President
of the Hart and Grouse Co., and Mr.. Geo.
p. Sacks, of Bradley Hills. Vice President
of the Chapin-Sacks Manufacturing Co.
The Bank of Bethesda invites your ac-
count and hopes for your cordial interest
and support.
Yours very truly
E. L. STOCK.
Chairman Organization Committee, Bank
of Bethesda