Evening star., 1951-01-11

Scott Ofutt, who has resigned
as vice president and director of
the Union Trust Co.
Mr.. Koontz resigned because of
i'll health after serving more than
33 years. Since he became presi-
dent in 1943 the institutions as
sets have risen from around SO
million to around $14 million. He
remains as director.
Mr.. Offutt, past president Of
the District Bankers Association,
is chairman of the associations S
Special War Manpower Commit
tee and also Is a member of the
Executive Council of the Ameri-
can Bankers Association. He
was vice president of the Morris
Plan Bank, which later became
the Citizens Bank of Washington
and was merged with Union Trust
Co. Previously he was with the
City Bank for 20 years.
Smuck Added to Board.
Before Mr. Offutt's election as
president, stockholders at their
annual meeting had elected him
to the board. Another new direc-
tor is Carl Smuck. secretary of the
Anacostia Savings & Loan Asso-
citation and a leader in Anacostia
civic associations. All other di-
rectors were reelected.
c. Bayne Marbury, treasurer of
Acacia Mutual Life Insurance Co.
was elected vice president of the
bank to succeed L. w. Thompson,
who also retired because of i'll
health. Earl F. Hennings, man.
ager of the bookkeeping depart
ment, was promoted to assistant
cashier.
New Office Opens Today.
Northeast Building Association
will open it's remodeled Office at
2010 Rhode Island avenue NE.
for public inspection from TO 9
pm. today. President Raymond C.
Williams announced.
Washington Lean q Trust Co.
directors yesterday authorized the
transfer of S25D,000 from undi-
vided profits to surplus, increasing
surplus to So million. A regular
quarterly dividend of per cent
and an extra of per cent were
declared, payable February l to
holders of record January %.
Branch Officer Promoted.
Directors of the McLachlen
Banking Corp. have named A. F.
Seipel assistant manager of the
Southwest Branch. He has been
with the bank since August, 1914.
and previously was a teller in the
branch.
His promotion fills the vacancy
which has existed since last April,
when Thomas P. McLachlen was
promoted from assistant manager
of the branch to manager of the
banking facility at the Office of
the Quartermaster General. An
error in The Star yesterday gave
Mr.. Seipel's new position as as
sistant bookkeeper.
Bank Officers Reelected.
Suburban National Bank direc-
tors yesterday reelected T. How
ard Duckett board chairman and
Fred L. Lutes president. Other
officers reelected were:
John H. Hunter and Benz. c. Shaw.
vice presidents: Warren E. Lawson and
Charles NJ. Marsteller, assistant vice pres
ard. Lloyd S. Carey, w. Wilson Rich and
Norman p. Martin, assistant cashiers;
Cyril E, Maire jr.. assistant cashier and
Levitt & Sons, Inc, developers
of Levittown, a 3-year-old COM
munity of $4,000 persons on Long
Island, today claimed to have sci
an all-time record in private home
building in 1850 by completing
1888 homes in two Nassau
County, N. Y, developments at 9
cost of $47,336,000. Our RECORD
proves that satisfactory houses
can be mass produced, said Presi-
dent William j. Levitt.
Agency Lead Entire Company.
The Arthur w. Defenderfe1
Agency Of the John Hancock Mu-
tual Life Insurance Co. led the
agency field force in total produc-
ton credits during 1850, it was
learned today. John lima, agency
supervisor, qualified as member
of the Million Dollar Round Table
Club as result of his 1850 pro-
duction.
c. Carney Smith, general agent
of the Mutual Benefit Life Insur-
ance Co. of Newark, reported the
Washington Office had its best in
surance sales year in it's 105-year
history here. Sales for 1850 were
more than 81 million above 1949.