The Washington times., 1925-03-19
SERVICE GUIDES
ANACOSTIA
BANK
New Building Will Broaden
Spirit of Cooperation
So Long in Vogue
By RICHARD HATTON.

BY RICHARD nAAAOEN'
Across the Eastern Branch OF the
potonoac rising on a gentle slope
from fhe historic waters edge, les
fl,a thriving community of Ana
costa IN the very center or the
business section of this rapidly ex-
panding and delightful Washington
suburb there is being compieLea To-
day one of the most beautifuI 9I
the smaller banking buildings IN
this city of exceptional financial
institutions. This Is the new nome,
of the AI1aeostia Bank.
Tha nresent Anacostia Bank was,
formerly. q branch Of the Union
Savings Bank, and began business
IN Anacostia in 1906. In 1910, the
bank became an independent insti.
tuition under the directing hand OF
President Maurice Otterback, who
was for eighteen years with the
Capitol Bank. The Anacostia Bank
conducts a general commercial and
savings business with a safety de-
posit department, and. under the
present officers and directorate, has
contributed largely to the develop
ment of the community across the
Eastern Branch. The latest contri-
button of the bank to Anacostia Is
the handsome new building which
viii soon be opened at the corner OF
Nichols avenue and u street south
east, which win long stand as a
monument to the progressive bank
ing methods that have contributed
20 the success of the institution and
the upbuilding Of the community,
Bank Building In Detail.
The new structure which wiz be-
come the home of the Anac0stia
Bank is a dienified and substantial
building Of white Indiana limestone
33x31 feet, with high. light banking
and business room and special quar-
ters for women patrons. Behind the
main offices there viii be located
3 specially constructed safe deposit
department and a private office for
the president. Above this viii be
q large board room, while ample
storage space IL provided for in the
basement
The heating arrangements are
most complete with the steam plant
and oil burning furnaces separated
from the main structure by fire.
proof wall. There are separate
vaults for the use OF the bank. and
two large storage vaults in the base
ment.
In speaking Of the general de.
ve1opmenr Of the District OF Co.
lumbia and especially of that sec.
ton served by the AnacostIa Bank,
today. President otterback said:
There is greater development in
progress in Anaccstfa now than at
any time in years. In fact, build
ers are not able to complete homes
rapidly enough to meet the demand.
Business is keeping in step with
home development. and the future
Of this section Of the District Of
Columbia was never brighter than
at present Anacostia has one Of
the finest Fairgrounds in the world,
and there is a very general spirit
of progress evident in the COM
munity."
CONSERVATISM" Is Motto.
The motto OF the Anacostia Bank
d Conservatism and Service" That
Il In conservative is attested by It's
splendid record of achievement since
1910: that it serves IL proven Ivy the
steady improvement and continued
home building to which it con
tributes.
The banks capital is $50, 900. The
undivided profits are $20,322, and
the surplus is $65.000. It's deposits,
which clearly indicate the progress
Of the institution and the com
munity wherein It is located
amount to $1,05e;000.
The officers and directors of the
Anacostia Bank are: Maurice Otter.
back, president; j. Frank Campbell
and s. A. Manuel, vice-presidentsi
Charles v. Etzler. cashier, and w
L. Koontz, assistant cashier. Di'
rectors: j. F. Campbell. A. E. GUIDE,
George S. King, S. A. Manuel
Charles w. Warden. Joseph j.
MundelI. Maurice Otterback. L. w.
Thompson. James E. Toner and
Robert Thompson. George C.. Cert.
man is attorney for the institution.
The bank maintains special bank
ing hours on Saturday evening,
being open from to s p. m. for
the accommodation of customers.
Service Is Spirit.
The spirit of the Anacostia Bank
10 distinctly one Of service. The
officials are proud of the institu-
tion and of fits record and there
IL a real and helpful interest taken
in the community in general and,
especially in the individual who is
seeking to progress. 1t is this
spirit, as expressed in the accom-.
rnodation afforded by this bank
which is doing so much construc.
tive work in building up that sec.
ton Of the District of Columbia
which should become one of the
most attractive Of the suburban
home localities by reason of its
exceptional location and the de
enVironmenfs