The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-03-28
INDUSTRIAL Is
PROGRESSIVE
BANK
Savings Institution at EIeV-
enth and U Is Growing
Rapidly
By RICHARD HATTON

A bank that has made exceptional
krogresS since its organization In
1918 is the Industrial Savings
Bank, located at the corner or
Eleventh and u streets northwest.
The bank originally occupied guar
tera at 2006 Eleventh street and,
at Its organization. had capital
Of $1,000. Today It occupies a
specially remodeled banking build
inn On an active business corner
and its capitalization has been in
creasaci to $4,000 The bank has
surplus of $6,S16.25 and undivided
profits of $4,6579S., It's total re-
sources are $40, 647.17, according
10 the statement rendered the
COMPTROLLER of the Treasury at the
close Of business December 81, 1924.
From the opening of this insti-
hutton it was evident that~.it was
meeting a demand in the COM
munity and tire increasing business
which came to the bank was re-
sponsii1le for the construction of
he modern quarters now occupied.
which contain. besides all modern
banking conveniences, a safe de-
posit DEPARTING Mt and special facili-
les for women patrons. The main
banking office is especially well
GIFTED and the arrangement of
he counters and windows is such
8 to give ample room for the
ansactiOn OF the banks business.
Speaking OF the location of the
ank and the general business con-
ition OF the section, which it
eryeS, William A. Bowie. cashier.
aid today that there had been a
teady increase in business activity
the section and that, since the
0undation Of the bank, there had
cen many new commercial enter
rises initiated in its immediate
icfnfty. He predicted still greater.
omlnercial activity in this sectTon
Washington and foresaw iricreas-
= property values as the demand
or business property developed
Officers Of Bank.
The officers and directors Of the
ldustrial Savings Bank are Walter
Carter, president; George w.
rice vice president; Charles H.
Teal. secretary; William A. Bowie.
asher, and John H. Simms, treas
rer. Directors, William A. Bowie,
Walter 8. Carter, George w. .Grice,
souis Faulcon, Logan Johnson, Will
lam H. Jackson, Charles II. Neal
md John H. Sinms.
The Industrial Savings Bank does
general banking business, carry
Ing many commercial and savings
kccountG It has had considerable
uccess in encouraging the spirit of
thrift among the children of the
listrict and maintains automatic
Eeliers In seven school houses with
N range of its service for the pur-
bose OF encouraging the children to
profit by opening savings account.
There Is also an automatic teller in
he bank which the children are
Encouraged to use.
The bank employs two women
EeIlers and two women bookkeepers
Ind its officers are at all times glad
TO give the benefit of their banking
Ind financial experience to those re-
hurting 1t. A real interest is taken
IN the patrons OF the Institution and
there 10 q very evident desire upon
the part OF the officials to be of
service to the customers of the bank
and to the community at large.
Services Were Needed.
That the Industrial Savings Bank
Entered a field where its services
we're needed and that it is meeting
n0pular demand is evidenced by
The reraarkal6Ie growth of the~insti-
hutton since it's foundation and the
large increase in its capitalization
Ind deposits. The security boxes in
he safe deposit department are well
patronized and its location in a
Irowing business center of the city
renders it a valuable financial addi-
kf0a IN the Dist rit.I