The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1927-05-17
BANK.
GROWS FAST
D. RICHARD HATTON


The Potomac Savings Bank on
Wednesday win celebrate the TWEEN.
ty.fourth anniversary of Its organ.
ization. The institution was founded
On May IS. 1903. and is within ons
year Of the quarter century mark
as one Of the most active banks
IN Washington.
The bank first opened it's doors
Cor business at the southwest cor
ner Of Wisconsin Avenue then
Thirty-second street, and N Street
Northwest.
These quarters were occupied un.
til December 1905, when increasing
business demanded move into
larger quarters and the bank was
located at the northeast corner Of
Wisconsin Avenue and NJ Street.
The new quarters, however, were
soon Outgrown and the board or
directors, having purchased the
property at the northwest corner
of Wisconsin Avenue and M Street,
q home for the bank was con.
structed which it was expected
would serve its needs for many
years to come.
This modern bank building was
occupied on October /, 1909. Twice,
however, since the occupancy Of
the present building expanding
business has made it necessary to
0nlarge the office space.
When the Potomac Savings Bank
was organized it had a capital of
Tad nNR 4 -
100000, and total resources Of 49,.
443,574.16.
The present officers and directors
are: Henry w. Offut. president; AL.
phonse M. Baer, vice president; B.
Agee Bowles, vice president and
cashier; Emory H. Bogley, secre.
tary: George w. Offutt, attorney;
G. Wendell Shoemaker, assistant
cashier; Elmore T. Burdette. assist
ant cashier. Directors: William Z.
Ames, William w. Anderson, Al
phonse M. Baer, Emery III. Bogley.
B. Agee Bowles, Davenport yB.
Elgin, James C. Hoyle. George w.
Offutt, Henry W. Offutt, M. Will
son Offutt, DR.. Anthony M. Ray.
C. Wendell Shoemaker, j. William
Stohlman, Henry A. Storm, and j.
clinton IrlDDy.
Three committees of bankers for
cooperation with students making
investigations in the relation Of COM
n1ercial arbitration to banking have
been appointed by the American
Institute OF Banking. This is the
first step toward investigating the
possibilities of applying commercial
a. snOkff al hnN fVNe
operations such as has already been
established In many lines Of trade
and industry.
The board of governors Of the
Bank Womeil's Club Of Washington
met Monday evening at the National
Metropolitan Bank. The constitution
OF the club. which has been under
consideration at several recent
meetings, was whipped into final
shape for adoption and the admis.
sion of a number of new members
was discussed.
The regular monthly dinner meet.
ing Of the club will be held on the
evening Of May rs. The place for
this meeting has not yet been Sc
iected by the committee in charge.
Recently elected new members will
be installed at the July meeting Of
the organization.
Business conditions have not
shown any developments which
would lead observers to change their
opinions very much from those
which were generally expressed at
the beginning of the year." declared
President NJ A. Taylor, Of the
American Bankers Association.
speaking Monday at the Georgia
Bankers Association convention at
Atlanta. Mr.. Taylor continued: ,"On
the whole, look for business during
the rest Of the year to continue to
Be satisfactory"