The Washington times., 1925-02-14
RAPID GROWTH
SHOWN BY \. {.
BANK
Savings Institution. Organized
Eight Years Ago, Has Re-
sources Of 81, $50 900
By RICHARD HATTON.

conspicuous ana conclusive in
dication of the rapid growth and
business development Of the north
east section OF Washington is found
in the history Of the Northeast Saw
ings Bank, located at Eighth and 81
streets northeast. This institution
was organized in 1917 and began
business in modest quarters at the
corner az Fourteenth and 81 streets
northeast. The stockholders OF the
bank are all citizens OF the north
east section. At the time of It's
organization this bank occupied one
small ROOM Today it is doing a
thriving banking business In e sub
stantia1 building OF white limestone
with every facility known to modern
banking experience. One special
feature Of the present home of the
bank is the location in its main
lobby OF q branch United States
postofkfce. This branch was estab
lished largely through the efforts Of
the officials OF the bank who be-
lieve that It has been considerable
factor IN the development OF the
northeast section.
During the past seven years the
development of the northeast sec
4ion has been rapid. Commercial
houses IN the vicinity of the bank,
which is located upon the main
travel artery have doubled in num-
her and the section, represents q
complete city in itself with every
element of business and commerce.
Popular Bank.
The popularity and growth of the
Northeast Savings Bank is indicated
BY 4 comparison OF its resources in
1921 and today In 1921 the re-
sources were reported as $500 900.
while today they are stated to be
81 $40. 900. This growth is due
largely to the progressive policy.
carried out by President u.
Steuart and the other. officers and
directors of the institution.
According to Vice President ". r.
Hoover the, business OF the North
east Savings Bank IS largely in
small accounts from deposifors liv-
irg or doing business in the imme
date vicinity OF the institution and
as the business section OF the north
east grows the bank Is keeping pace
with this progress The Christmas
savings club OF this hank is one
Of the largest in the city. officials
predicting that twill reach $500. 900
this year.
According to Cashier w. Reginald
Lewis, who has been with the
Northeast Savings Bank since its
organization. one of the great fac
tors in the exceptional growth Of
the institution has been the spirit
of cooperation evinced by the
merchants and citizens OF the Sec
ton of the city wherein the bank is
located. There IS a general com
naunity interest IN all things corr
nected with this thriving section
Of, the city in which the bank is the
financial leader.
Every facility is provided in the
present business equipment OF the
bank. Many Of ifs depesftors are
women who find 1t convenient to
keep their checking accounts within
easy reach of their places of resi-
dence. For these special provision
is made and the officials Of the
bank are ever ready to lend their
advice and assistance to their women
clients. There Is a decidedly neigh
boriy spirit prevalent In the bank
which adds to its prestige and
which is a factor IN its success.
Building Active.
Building activities in the NORTH