The Washington times., 1925-03-18
BA n K AFFORDS
COMMUNITY
SERVICE
Park Savings Institution Has
Il Record of Steady
Progress
BY RICHARD HATTON.

Al thriving banking institution, of
whose record its officers and direc-
tors are justly proud. is the Park
Savings Bank, Fourteenth and Ken
Won streets northwest. The Com
munity Bank" is a designation APP
Piled to this bank of rapid growth
and distinctive service, and its
policy bears out its designation in
every sense, for it is serving q
rapidly developing area of the city
and 1T has contributed and is still
contributing. vital energy to the
expansion which is taking place in
the large section OF Washington
tributary to the business center in
which the bank is located.
The Park Savings Bank was or
ganized in 1909 and was originally
located in the Arcade building.
From the first, however, the insti-
tuition met with such consistent
growth that it was soon found
necessary to Aeek larger quarters
and the handsome banking building
now occupied was constructed.
Even this did not meet the increas-
ing business and the new building
vas enlarged It now presents a
handsome exterior, with white stone
acade. and the interior arrange
ment provides ample space for the
banking offices and other depart
ments
Many Commercial Accounts
The accounts Of the Park Savings
Bank are about equally divided be-
tween commercial and savings &C
counts and the large safety deposit
department, containing 25, 900 boxes
exclusively for the use of customers,
the vaults of the bank being en-
tirely separate, has met decided
need. The bank has at present
over 1900 customers and stands
well to the top OF the list of the
banks OF Washington in the num-
Der Of its savings deposits.
There is an attractive department
ret aside for the exclusive use of
women depositors and every facility
Il given women in their banking
transactions and in their use OF the
safety deposit department.
The exceptional growth of this
bank Is in part due to the very
rapid development of the territory
and the increasing population in
the area lying north to the District
line and east of Fourteenth street.
e Is estimated that 10000 new
homes have been constructed in
this district within recent years.
In this rapid development the Park
Savings Bank has had a part Ivy
eason Of its real estate and COM
nercial loans.
Unusual Hours.
For the convenience Of its custom
ers, the Park Savings Bank main
tatns unusual banking hours, open
ing It's doors at $3.50 q. m. and re-
manning open until $50 D. m. on
week days and from $50 p. m. un-
I'll 3 sp. m. on Saturdays
The growth of this institution
may best be registered by a COM
paTative statement OF its deposits
on its opening day, November ],
1909, when the amount was $751;
278.S6, and as reported to the Comp.
trQller. OF the Treasury on Decem.
Der 81, 1924, when the amount was
$zs612.576.5S. A record OF excep-
tional prosperity. The bank has an
earned surplus of S125 900 and I'M
divided profits of $44.719.S6.
Among the services rendered by
this bank are the handling Of
checking accounts Of individuals,
merchants, trustees and corpora
ttonss loans on real estate, standard
securities and commercial paper and
the Issuance of travellers checks
and foreign drafts. The bank, also,
buys and sells securities for its Gus
toners and receives payment for
gas and electric light bills. Many
Ather banking services are available
Or its customers.
The officers of the Park Savings
Bank are: Thomas Somerville, pres
ident; Walter III. HOPPER, vice pres
tdent; George e. Walker, vice pres
ident; w. B. Todd. secretary; Robert
3. StunZ, cashier; B. Mcneil, assist
ant cashier: Joseph W. Cox, attor-
ney and George A. Provost, gen.
eral counsel. The directors are:
Frank Z. A1temus, Wade H. Atkin-
soon, Charles w. BoIgiano, l.. r.
Breuniger, Charles S. Bundy, Joseph
". Cox, II. F. Dismer, j. o. Gheen,
=. T. Goodman, L. w. Groomes.
Charles e. Gross, J. H. Holmead,
c. f. Jenkins, A. F. Jorss, w. NJ.
Kennedy, Frank Kidwell, w. III.
Klopfer, A. c. Lampe. B. Leonard.
n. Mountford, C. c. Murray, H. A.
Folkinhorn, Geo. A. Provist, Thos.
Somerville, jr., j. Robert Somer-
vile, Robert S. Stunz, w. r. Todd,
n. Z. Twogood, w. NJ. Wales, Geo.
Walker, Geo. w. White and C.
Wineberger
In the manner and range of its
seervice, the Park Savings Bank
strives to carry to the smallest de-
tail its ideal Of being ':the COM
munity Bank" Its officers are
never too busy to give attention
to the affairs of the banks clients
and the stranger finds an atmosphere
Of cordility Immediately he enters