The Washington times., 1925-03-09
R|ORDON Tells
Of BANK 5
GROWTH
ca.hier with Commerce and
Savings Institution Since
Foundation
b. RICHARD HATTON

BY RICHARD HATTON
The history Of the Bank Of Com
marce and Savings from its founda'
tion in 1907 until today Is one OF
consistent growth and progress
With increasing prosperity and
popularity as its service and its
resources have expanded. Il Is OF
interest to note in connection with
the development Of this strong II
nanciaI institution. which now Occur
pies . handsome banking building
It the corner Of Seventh and e
streets nnrthwest, that its president
ana cashier, President N. D. Rosen-
berR ana Cashier John N. Riordon,
have been with the institution since
its foundation and that TO them IL
due, IN great part, the steady up
ward progress made By the bank
and its present splendid condition.
Mr.. Riorlion IL one Of the best
known bankers In Washington, hav-
Ing entered the profession as >
very young man thlrty-five years
ago. He has never lost the en-
thusiaam Of youth with which he
took MP hts work - . runner.
when but boy and he has an In
terestine scrap hook containing val
liable and. even historic, data re-
gardlng the history of the Bank
Of Commerce and Savings. Mr..
Ricrdon was also connected with
stae National Capitol Bank when It
opened In 1883.
FoE16er Location
Upon its organization the Bank
Of Commerce and Savings was tenn
porarily located on the ground floor
Of the ouray building on q strvet.
bat the offices were later moved
% the present location after the
Duilding ak the corner or Seventh
ard + streets northwest had beer
entirely reconstructed into one Of
the most desirable banking build
lrge In the city. There ID some
interesting history OF old Washing
ton connected with the site OF the
bank at present and the building
Itself Il one Of the first to be con.
strucfed with iron front and sides.
there are many who viii recall the
formal opening 0f the present home
Ct the Bank Of Commerce and Saw
iugs and the long list OF then
prominent Washing tonians who
we're present to extend coneratuIa-
tons and best wishes.
The location OF the BanIx Of
Gomu1erce and Savings upon one
OF the main arteries OF trade and
travel In the city has made Il
especially prominent in the bust.
ness development Of the section.
The proposed widening Of d street
win lend added urge to the present
renewed business activity In this
section. IN speaking of business
conditions III the District Of Column
ia to-day, Mr.. Riordon said: THE
high tide Of activity u ahead OF
us and this section Of the business
district. together with the rest OF
the city. viii continue along the
present lines Of constructive pros.
perity. The business activity OF
this section OF the city has In
creased 20 per cent since the hank
Wa9 located here and the future OF
the section is bright"
High Ideals 81 Service
The officers Of the Bank of Com.
merce and Savings are proud Of
the record Of the Institution and
0E as high ideals OF service. The
hank has fully earned it's enyiable
reputation By the quality OF ifs
direction and itB conservative bank.
ing policy. The fact that IL has
been On an per cent dividend basis
for the past i've years attests the
wisdom Of its direction and man
agement.
The present officers Of the Bank
Of Commerce ana Savings are:
Maurice Rosenberg, president; Jo-
eeph Sanders, FIRST vice president:
dent; Irwin OWings. third vice pred
dent; Joseph H Milans. secretary:
Doctor Clarence A. Weavers audi
tor: Alexander Wolf, general couTl.
eli. Jonn ii. Riordon. cashier and
frank Owings. assistant cashier.
among the directors are some OF
the best known and most progress
sive men OF the city. President
Rosenberg is a past president of
the BAnkArd Association and well
known masonic. professional and
club ctrclest. The directors are:
e AndreWs, Louis Bush, Al.
Elliott. Ellie Sheetz. c. p. Edwsrds
A. 8. Galley, 9. A. Kneessi. M. A.
Lsese. Harry q. Mayer and J.. r.
Special Attention to Women.
AkE 4O0&tA u NOt1lIuCICe ana saw
Ings maintains fully equipped ana
especially constructed safey de-
posit department and pays especial
attention to the comfort Of women
customers. furnishing a private
room wherein they may ind all
the conveniences required I'm bank
ing. A great many accounts of
women are carried by the bank
which. also carries on a large
commercial banking business. The
exchange department and the say.
ingg department are. also. active
The capitalization of the Bank of
Commerce and Savings IL 500. 600.
1t has surplus Of 800 600 undi.
Vfded profits OF $50 900 and de.
poafts OF over 81 500. 900.
The main banking room of the
institution il imposingly high and
Hight with marble pillars support.
ing . decorative ceiling and with
modern and adequate fixtures and
fascilities.
For the convenience and the safe.
" OF its depositors the Bank OF
Commerce and Savings departs
somewhat from the regular bank.
ing hours and remains open on
Saturday evanings from to
y. m, q consideration fully appre.
ciated by the business houses of
the district.
Clearing House Statement
vnr,xya -