The Washington times., 1927-07-08
RIGGS DEPOSITS
DOUBLED
By RICHARD HATTON

Outstanding among Washington
banks making report to the Treasury
In response to the call for statement
OF condition as Of June 80 issued
by the Comptroller Of the Currency
Is the Riggs National Bank. This
Institution, according to its official
report, now gives the City of Wash
ington its S50000,000 bank and
registers a gain of SIS, 4O1 ,229. SO
since the last proceeding call for
statement.
In connection with the present
steady growth of the Riggs National
Bank and quite beside the figures
presented by its last statement it
IL OF more than passing interest to
note that after IS years of existence
the Riggs National Bank has reached
$22 600 900 in deposits, in round num-
bers, and that in the succeeding six
years this amount was more than
doubled with $44,S1S,S23.16 in de-
posits.
In other words. the bank has
gained $22,511 ,S19.42 In deposits in
Just six years.
Commenting upon the growth of
the institution today. President Rob
ert v. Fleming said that it had been
operation Of the board of directors
and the advisory council with the
hanks Administration and by the
fine spirit of team work which
exists between the officers and all
of the employees.
The gain. President Fleming
stated. has not been accomplished
through a few very large accounts
but is accounted for by constant,
steady growth which continually
raises the basic level of deposits
through general business.
Growth Is Steady
An analysis of the accounts of
the bank indicates that the growth
OF the institution has been steady
and healthful in all classes. savings
as well IS commercial accounts show
ing steady YEARLY increases as indi-
Gated bv daily averages.
The Riggs National Bank was or
ganized on July /, 1885 and since
that time It has been pre.eminent
as Washington financial institu-
ton.
President Robert v. Fleming has
been at the head of the institution
since the death of former president
Milton G. Allies. Charles C. Glover
Is chairman of the board.
In order to accommodate its in
creasing business the Riggs Ma
tional Bank has recently completed
an additional balcony across the en-
tire front of it's handsome building
on Pennsylvania Avenue opposite
the Tree sury Department where the
Trust Department is now located.
In addition to Chairman Glover
and President Fleming the officers
OF the bank are: William J. Father,
vice president: Charles C. Glover. ir..
vice president: Avon M. Nevius. vice
president: George o. Vass, vice presi-
dent and cashier; H. G.. Hoskinson,
vice president: Earle M. Amick.
assistant cashier; F. G. Burrough,
assistant cashier: Nelson B. O'Neal.
assistant cashier; b. Gwynn Dent,
assistant cashier: George F. Rainey.
assistant cashier: RAYMOND G. Marx.
auditor. r. J. Roberts. secretary to
the president: Frank J. Hogan. gen.
eral counsel and trust officer; George
M Mckee assistant trust officer:
Kenneth F. Brooks, assistant trust
officer.
Directors: Charles c. Glover. Will
lam j. Father. IT. Rozier Dulany.
Sterling Ruffin. Charles c. Glover.
ir.; Louis f. Jeffries. John s. Lar
connie. Henry b. Spencer Julius
Earfincke Fleming Newbold, c.
Powell Minnigerode. Wi''iam NJ.
Ritter. Harry r. Clark. Frank J.
Hogan. Randall H. Hagner. Robert
Y. Fleming Coleman Jennings John,
Oliver La Gorge. Isaac T. Mann.
Edmund d. Rheem. and Karl w.
Corbv, ~