The Washington times., 1926-04-27
Bank Plans to Open
TenLeyt0lvn Branch
Farmers and Mechanics Buys
Plot of Land on Tripls
Corner
By RICHARD HATTON

Maintaining the spirit of progress
sive community service which has
dominated its policy for nearly a
century and a quarter, the Farmers
and Mechanics National Bank. Wis
consin Avenue and NJ Street North
west, recently has purchased a
strategically situated plot Of ground
at the corner of Wisconsin Avenue,
Thirty-ninth Street and Warren
Street, comprising All square feet,
and is prepared to extend its serv-
ice through the opening OF a branch
institution when conditions warrant
the construction and operation OF a
subsidiary office.
When the new branch is con.
structed, the building will be IN
accord with the high class improve
ments already under way and pro-
jected for the section known as
Devonshire Downs and Tenleytown.
which is at present more or less
restricted as to local banking IA
cIlities.
This section of the community is
developing rapidly with high class
homes. For many blocks in every
direction from the center, which
will be dominated by the new bank
building, spreads q network OF
handsome residences and estates.
The spot where the new branch
bank will be located must eventually
become the business focal point of
q developing center serving a vast
territory occupied by semi-suburban
residents.
In connection with the present
proposal expansion and the steady
growth of the Farmers and Me-
ehanics Bank under the presidency
of Harry v. Haynes, 1t is of more
than passing interest to recall that
this institution is one of the oldest
banking houses in this section Of
the country.
It was in 1918 that the organiza-
ton Of the Farmers and Mechanics
Bank was undertaken and the
records indicate that the institution
was functioning as a regularly or
ganized business on February IA,
1914. The bank, therefore. Is most
intimately connected with the early
history of the nation and OF the
Capital City and there must be
sentimental interest for the citizens
Of Washington In the present plan
tor extending the service which the
RCoP1C VI the CO4lliu unity nave en-
toyed for considerably more than
100 years.
The reaching out of the Farmers
and Mechanics is also typical Of the
present development and future
growth Of Washington, for It was
not so many years ago that the
site purchased by the bank for its
new branch was far out in the
country and little known to the
people Of Washington, then lacking
the present transportation facilities.
While the officers and directors,
Of the Farmers and Mechanics Ma
tional Bank look forward with a
Keen vision to the expanding needs
Of the community, they cannot but
look back with pride over the
record of the years Of the institu-
tons existence which, as stated in
O booklet issued in 1929, "it is their
pleasure and concern to preserve
unblemished.'
President Harry v. Haynes, the
present head Of the institution,
whose inspiring initiative is largely
responsible for the present plans
for expansion, is only the tenth
executive head that the Farmers
and Mechanics has had in all the
years Of it's existence,
The names Of his predecessors
are synonymous with great events
In the history Of the city and in
elude William Marbury, Thomas B.
Beall, Clement Smith, John Kurtz,
Robert Reed. George Shoemaker,
Henry NJ. Sweeny. s. Thomas
Brown and William King.