Potomac Savings Bank of Georgetown

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 17, 1937
Location: Georgetown, District of Columbia (38.905, -77.062)

Metadata

Model: gpt-5-mini
Short Digest: 092cce37

Response Measures

None

Description

Article (Evening Star, 1937-02-17) refers to Justus S. Wardell as receiver for the Potomac Savings Bank of Georgetown, indicating the bank was in receivership (closed). No run or attempted reopening is mentioned in the article.

Events (1)

1. February 17, 1937 Receivership

Newspaper Excerpt: Justus S. Wardell, receiver for the Potomac Savings Bank of Georgetown, and the Munsey Trust Co.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1937 Evening Star Washington, DC

Article from Evening Star, February 17, 1937

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Article Text

BANKRUPTCY ACTION IS AIMED AT NOLAN Petition to Force Judgment Against Former Automobile Dealer Is Filed. A petition to force William J. Nolan into involuntary bankruptcy was filed in District Court today. Nolan's automobile sales agency already has been adjudicated a bankrupt, and Nolan himself is serving a sentence for allegedly bribing two witnesses in his wife's divorce suit. The personal involuntary bankruptey action was brought by Justus S. Wardell, receiver for the Potomac Savings Bank of Georgetown, and the Munsey Trust Co. It was alleged that Nolan owed the Potomac Savings $1,152.69 and $1,180 as indorser on a due note and owed the Munsey Trust Co. $262.50 as indorser on a due note. Through Attorney Stanley D. Willis the petitioners alleged Nolan committed acts of bankruptcy by permitting the Bank of Commerce and Savings to obtain a default judgment of $3,600 and by withdrawing $4,500 from the Bank of Commerce and Savings and $5,500 from Hibbs & Co. while he was insolvent.