Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-03
NEW GRACE STREET BANK
TO OPEN DOORS TUESDAY
Temporary Quarters Will Be
Located al 2l5 East
Grace Street.
COMPLETE NEW HOME ~ 1923
Ten-Story structure VIII Go Up mt
Third and trnc~-First Financial
inhtitution to Invade This Thor
DuSlfnrc.

The recently organized Grace
street Bank and Trust Company will
open It's doors for business next
tuesday morning. Its temporary
quarters Will be at 215 East Grace
Street, and operations Will continue
there until the new home Is com
pleted late in 1928. Then tho bank
viii be permanently located Ut the
southeast corner of Grace and Third
Streets.
The opening OF the Grace Street
Bank and Trust Company on Tues
day VIII give Grace street the first
banking institution In It's history.
with capital stock Of $500. 900 and
surplus OF $4,000. II VIII conduct a
general banking buyincxs: Will act as
executor. administrator and will
zeal IN Investments. Among its Of
ilccrs and directors are some OF the
best known banking. business ana
professional men IN Richmond
The permanent home OF tho new
bank will be owned by the Grac.
street Building Corporations and
VIII DC ten stories high II VIII u.
hrcproot. OF brick and stone. and
VIII cost 100000. exclug!v. Of the
Sround. Plans already are In tho
hands of an architect and the con
tract viii be awarded. 1t IL said. In
Grace street Bank and Trust Com
pany are the same as those OF the
trace street Building Corporation.
iherc arc. at present. 2l5 share
holders
Officers or Institution.
The officers az the Grace street
sank and Trust Company are. pr.si-
cent, J.. T.. ". Goodwin: vicc-presl-
aen'. I. Eiwood Tragic. and sacre-
'"ry ana treasurer. X. G. Eaton The
directors and tbcir business ai.il!a-
lions In Richmond are:
arr Allan. b. prcsid"u, of Al
'cph A. Alexander. J. II. E!nfo7d. as
-.stant superintendent az hubble
schools In. ". =. R.oaddus. w {.
'arren,cr. ~ l.. Soal X 90. walker
g c"ttrcll president Samuel n.
c"ttro!l & son, NJ. g Doubles. iran-
ager virginia Casualty Company; u.
T. " Goodwin, treasurer Virginia
Hobbs. prcsid"r; Mann &: Brown. Dr..
Frank * Lord. g Il. S!d.or. ytcsi-
dent Sydnur u Iiundloy, Inc: \.
% Sw!nk. general agent, Atlantic
Life lnsUranc" Company George H.
snead, SECRETARY Allan. Say!lIc &:
snead. Inc: r. i;lwood Tragic, prosi-
dent Tragic DRUG Company: Clyd.
- 'N''''Aa.A's va Nslc l'ilfltN OIT
Company Colonel John a. CutchIus
VIII be genera! counsc! for the bank.
Something About II, Officers.
T. T.. W. Coco Twin. who ~ Ia head
the new bank. has Uccn In the bang
ing business in this city for NOR.
ihan sixteen years. lie tcgan with
the Bank OF Commerce and Trusts:
went from that institution to til.
Central National Bank. where he
was vice president and cashier. and
was later with tho Richmond Trust
Company as vice-prcsident. lie re-
signed that Office TO become prcsi-
dent Of the Grace Street Bank and
Trust Company.
Mr.. Tragic has been In the drug
business in Richmond for twenty
-FOUR years ana IS widely known
here.
Nj. Eaton Was with the Broad
street Bank FOR elgh; years and was
assistant cashier when he resigned
IN 1919 TO become assistant state bank
examiner In 1920 he went with vhc
pld Dominion Trust Company, In the
bond department. and resigned that
position 10 become secretary aud
treasurer OF the new bank For a
while he Will act as cashier OF III.
Grace Street Bank and Trust Com
pauy.