The Washington times., 1926-08-17
BANKS Of CITY
GROWING FAST
By RICHARD HATTON

By RICHARD HATTON
It is evident that there is a very
distinct feeling OF optimism regard
ing the future of Washington
among conservative class Of bust
ness men whose opinions are wei
worth serious consideration because
they deal with the basic element o
all business construction and they
premise their views upon conclu
stons arrived at after most careful
analysis Of all contributing fun
damentals.
Today the optimism of this clas:
OF business citizen is being ex
pressed, not only in words, but, in
deeds and we find the deeds taking
shape in the way Of expanding
bank facilities, new bank buildings
or additions to present structures.
The Merchants Bank and Trust
Company, of which Peter A. Drury
IL president, has recently been
forced by increasing business to
enlarge its office quarters.
President Harry v. Haynes, OF
the Farmers and Mechanics Ma
tional Bank has secured real estate
wherein to erect branch in the
not distant future in order to take
care Of expansion.
The Mt. Vernon Savings Bank,
Under the direction of President
Muehleisen, viii erect large adj
dition to its present banking offices
In order to house its special de-
partments which have outgrown
present accommodations.
70 aY1d TFlI CT
Company, of which John B. Larner
II president, has broken ground for
an extensive addition to its already
large building at Ninth and F
Streets.
The Bank Of Commerce and Saw
tngs is now expanding and rear
ranging its offices at Seventh and
. Streets under the direction Of
President NJ. d. Rosenberg and
Cashier John NJ. Riordon.
Business Generally Booming
Changes now being made in the
Bank of Commerce and Savings
will enlarge the office space of that
Institution by over one-third and
will greatly increase the conven-
fence Of its customers while facili-
tating the handling of the business
Of the bank by its officers and EN-.
ployes.
This present building expansion
has been made necessary by the
enlarged volumn OF business Of the
institution and the officers and di-
fectors are, wisely. providing for
still greater future expansion.
The Bank Of Commerce and
Savings is located upon q COM
handing corner in the heart of the
downtown business section and the
completion of the improvements
now underway will greatly enhance
the value OF its property.
The new four-story facade viii be
white Indiana limestone with hand.
eomely decorated Gaping.
The interior viii be entirely done
ever and redecorated with the main
banking room extended back along
z Street. taking In the present di-
rectors' room on the first floor.
The directors quarters will be
moved to the new mezzanine floor
which will be extended at the rear
Of the present main banking room.
This floor will. also, contain &C.
counting rooms, filing space and
shower baths for the use Of en-
ployes.
The floor Of the new and en-
larged lobby will be of Appalachian
marble while the flooring for the
rear Of the cages and the mezzenine
will be of resultant rubber.
All OF the fixtures for the bank
ing room will be new. Wood will
be entirely absent from the con-
otruction, all of which will be of
glass and metal.
Desks and cages will be consid-
erably lower than the present
equipment in this line and this,
with the vista provided by the
mezzenine floor will give a vision
OF greatly expanded space.
Progress Is Steady
In the new layout subscribers to
safety deposit boxes have been lib
orally dealt with in the way Of
space and conveniences.
Considerable thought has been
given by the banks officers to this
department which will be provided
with handsome new booths and the
most modern furnishings.
The Bank OF Commerce and Saw
angs has shown a steady increase
In business since its organization
IN 1907. Its deposits at that time
were $44.324.32, while today the de-
posts, are approximately $4,000 900
and the assets about SO, ZOO, 900.
Much Of the credit for the steady
advance of the institution L. due to
President Rosenberg and Cashier
Riordon, both of whom have been
with the bank since its foundation.
The officers and directors of the
Bank of Commerce and Savings
who are being congratulated upon
the present building improvement q
are. Maurice d. Rosenberg, presi-
dent; Joseph Sanders, first vice
president; W. A. Bennett, second
vice president; Irwin Owings, third
vice president; Joseph H. MiIans,
secretary; DIR. Clarence A. Weaver
auditor; Alexander Wolf, general
counsel; John NJ. Riordon, CASH ar:
Frank Owings, assistant cashier.
Directors-R. p. Andrews. Louis
Bush. A. Brylawski, Floyd z. Davis,
r. L. Elliott, Ellie Sheetz, c. f. Ed,
wards, A. S. Galley, G. A. Kneessi,
ACKNOWLEDGEMENTS