The Washington times., 1925-03-26
NORTH CAPITOL
SAVINGS BANK
4 MODEL
Rapidly Expanding Business
Is Housed in Building OF
Latest Design
~ RTcHARD HATTON.

fur section OF Washington is the
North Capitol Savings Bank, To-
Gated at the corner of North Capitol
and III streets. This institution was
organized In 1912 and opened its
first offices near the site Of its
present handsome building, but
rapidly expanding business rendered
the old location too small, and, in
1922. the present building was re-
modelled and occupied. In the work
-oe reconstruSting the present home
s0f the bank great care was exer-
zefsed IN carrying out plans which
would render the quarters not only
adapted to the present and future
needs OF the bank but exceptionally
convenient for all banking pur-
poses.
The arrangement Of the main
banking room, with its high ceiling,
its beautiful white marble counters,
and gilt ornamental work, together
with the placing Of the offices OF
the officials and the special &C
counting quarters all add to the
efficiency Of carrying on the daily
business.
The safe deposit department Is
also located with b view to its COM
yenience for both officials and Gus
toners and the office arrangements
for customers. both men and
women. have been worked out in q
manner to afford every facility for
those who use the bank or assist
IN carrying on its work.
Exceptional Progress.
That the North Capitol Bank has
made exceptional progress since its
foundation Is Indicated by the fact
that it's deposits, which were SAC, 900
in 1912, have reached the high
figure Of 81, 29s,127.31 today. setting
forth in the strongest possible way
the fact that the service. Of the In
stitution Is meeting the needs OF
the community, and that its wise
banking direction il fully appre-
cfated and that 1t il developing the
institution along conservative pros.
porous lines.
Theodore Michael is president
Of the North Capitol Savings Bank
and Is q firm believer in the ,fu.
ture of the section Of the city In
which his business Is located. He
said, today, that the material 1
growth of the North Capitol Saw.
tngs Bank is keeping pace with
the expanding business of the sec
ton around IL. He called attention
to the construction work now in
progress In the District and the
many new commercial enterprises
entering the section. In this and
Ia the construction OF new homes
he sees continued business pros
perity in the section in keeping
with the general forward move OF
the entire city. North Capitol
street, especially from Massachu.
sets avenue to Florida avenue, is
rapidly developing into CONNER
ciaI section, said Mr.. Michael, and
II street is, also, becoming a bust
ness thoroughfare.
In addition to President Michael
the officers of the North Capitol
Savings Bank are: B. L. Grove,
vice president; George Clagett, vice
president; A. @. Ollie. vice presi.
dent; E. s. Burgess, secretary; p.
Henry Coates. assistant cashier and
Leo A. Rover. attorney. The di.
rectors are: Paul Allen, e. s. Bur-
CESS, George Clagett, A. o. Ollie,
John A. Exkert. Charles w.
Floeckher. B. L. Grove, Edward r.
Hall, Joseph A. Herbert, ST., Allen
HoIIender, Theodore Michael, George
e. Phillips, NJ. r. Ready, Leo A.
Rover. Charles B. Stewart, Leon s.
Ulman, G. H. Winslow. Charles e.
Young and F. L. Zirkle.
Business Is General.
The bank conducts a general com.
mercial and savings account bust.
ness carrying large number Of per-
sonal and household accounts and
u q factor in the business life Of
the community through its service
TO the business houses located in
the section. It has every facility
for handling the accounts of in
djviduals, firms and corporations
and extends every privilege and &C.
commodation CONSTANT with con-
sentative banking. The safe deposit
boxes are q feature which is appre-
ciated by the banks customers and
the special department maintained
for the convenience of women GUS
toners is an added evidence Of the
desire OF the institution to provide
for every banking need in the COM
nnunity. The presence behind the
banking windows Of young women
In the capacity Of tellers and book
keepers is q noticeable feature Of
the banks personnel and President
Michael says he finds these young
women assistants quite az efficient
and capable in the banking bust
ness as are men.
The capital stock of the North
Capital Savings Bank is $50, 900.
It's surplus fund is $45 900. The
undivided profits are $12 .539, and
its total resources are 1855, 900.
The progress Of the North Capt..