The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-03-05
SAVINGS B A n k
HAS ENV|ABLE
RECORD
Institution at Fourteenth and
U Streets Has Rendered
Needed Service
By RICHARD HATTON

What can be accomplished by
progressive banking methods and
By meeting the public demand for
hiRh-class banking facilities in Sec
lions of the city lying away from
the main commercial centers and
in districts which have become local
community centers has been DEM
onstrated in the career OF the
limited States Savings Bank, Four
teenth and u streets northwest.
The United States Savings Bank
was established about twelve years
ago to meet the growing demand
for banking facilities consequent
1ruon the development of the Sec
tfon of the city in which this in
Stitution is located, and the rapid
and successful growth of the insti-
tuition, and its increasing number
of patrons, both of which have
been steady and consistent from the
day OF its organization to the pres
ent time, indicate that the institu-
ton and its location have fully
Justified the wisdom Of its founders.
With q capitalization of 100000,
the United States Savings Bank
now has a surplus of $15O,000 and
undivided profits OF $35, 900. Its
deposits amount to over two mil
lion dollars.
Officers of Bank
Wade H. Cooper is president Of
this thriving banking institution.
Mr.. Cooper is also president of the
Continental Trust Company. Four
teenth and H streets northwest.
The other officers Of the United
States Savings Bank are: William
d. Barry. vice president; Wilbur H.
Zepp, vice president; William r.
DeLashmutt, vice president and
cashier; John r. Cook, assistant
cashier: Miss Bertha Custer, secre-
tary, and Ray Newman, note teller.
Three years ago the rapidly ex-
panding business OF the United
States Savings Bank made it neces-
sary to greatly expand the banking
quarters of the institution and the
building in which II is located was
reconstructed and remodeled. At
this time all necessary banking fix
lures were installed, including a
commodious safe deposit vault.
which has proved q great con-
venience to the customers Of the
bank.
Among the progressive and much
appreciated features OF this bank
are the special facilities arranged
by the management for women
patrons. The utmost care has been
exercised in the organization and
construction of this department 80
as to make banking and the use
OF banking service easy and con-
venient for women. Miss Helen
Clarke is in charge OF the women's
department for the purpose Of rem
dering every possible service to
women patrons.
Feature Is Appreciated
As the bank is located in a Sec
ton of the city where residences
predominant and where there are
many women patrons, this especial
service has met with distinct ap-
provaI and has resulted in increased
patronage.
The total resources of the United
States Bank are more than $780,
900. The institution has paid a s
per cent dividend upon its stock
from the first and today is paying
so per cent. having gradually En-
creased its dividend to the latter
figure through its years Of success
full operation. During this time
the bank also has built up an en-
viabIe surplus and is considered an
"honor rolf institution, being one
of the largest dividend paying in
situations of its kind south of New
York city.