Potomac Savings Bank of Georgetown

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 3, 1941
Location: Georgetown, District of Columbia (38.905, -77.062)

Metadata

Model: gpt-5-mini
Short Digest: 85129c08

Response Measures

None

Description

Article (Evening Star, 1941-07-03) is a receiver's notice: the Comptroller of the Currency has appointed a receiver and remaining assets will be sold July 14, 1941. No run or depositor run is mentioned in the notice; this appears to be a government-appointed receivership following suspension/closure.

Events (2)

1. July 3, 1941 Receivership

Newspaper Excerpt: Justus S. Wardell, as Receiver of Potomac Savings Bank of Georgetown, D. C., will offer at public sale ... the remaining assets of the said Potomac Savings Bank of Georgetown, D. C.... subject to the approval of the Comptroller of the Currency of the United States and subject to confirmation by a court of record of competent jurisdiction.
Source: newspapers

2. July 3, 1941 Suspension

Cause: Government Action
Cause Details: Comptroller of the Currency appointed a receiver for the bank; bank placed in receivership by federal authority
Newspaper Excerpt: Pursuant to authority of the Comptroller of the Currency of the United States, the undersigned Mr. Justus S. Wardell, as Receiver of Potomac Savings Bank of Georgetown D. C., will offer at public sale...
Source: newspapers

Newspaper Articles (1)

1. July 3, 1941 Evening Star Washington, DC

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Article Text

SPECIAL NOTICES. THE OLD NEW ORLEANS RESTAURANT. 1214 Connecticut ave.. at 18th st. n.w. has completed the installation of its airconditioning in the entire building. and is now open every day from 11 a.m. to 2 a.m., including Sunday. FROM THIS DATE I WILL NOT BE REsponsible for any bills or obligations unless contracted personally by me. ALBERT D. 3* MINICHELLA. I WILL NOT BE RESPONSIBLE FOR ANY debts contracted by any one but myself. MYRON T. PERRY, 3735 34th st., Mt. . Rainier, Md. I WILL NOT BE RESPONSIBLE FOR debts contracted by any one other than myself. ALLWYN FORRESTER CRICHLOW. 28 Que st. n.e. I WILL NOT BE RESPONSIBLE FOR ANY debts contracted by any one other than myself. THURMAN R. BROWN (Teddy 5* Brown) 1267 Owen pl. ne. RECEIVER'S NOTICE OF SALE. To Whom It May Concern: Pursuant to authority of the Comptroller of the Currency of the United States. the undersigned Mr. Justus S. Wardell. as Receiver of Potomac Savings Bank of Georgetown D. C., will offer at public sale to the highest bidder or bidders for cash. at the office of the Receiver. 1429 Eye Street Northwest, on Monday. July 14. 1941. at 10 o'clock (A.M.) the remaining assets of the said Potomac Savings Bank of Georgetown. D. C., consisting of bills receivable, judgements. overdrafts and other choses in action and chattels, less such items (or articles) as may be paid or otherwise disposed of prior to the said date of sale herein mentioned. A descriptive list of the remaining assets so offered for sale may be inspected by prospective purchasers at the office of the Receiver of Potomac Savings Bank of Georgetown, D. C., on all business days up to and including the date of the said sale between the hours of 9 A.M. and 4:30 P.M. and on Saturdays from 9 A.M. to 12 noon. According to law, said remaining assets canno* be sold otherwise than without recourse and without warranty of any kind or character. and subject to the approval of the Comptroller of the Currency of the United States and subject to confirmation by a court of record of competent jurisdiction. (Signed) JUSTUS 8 WARDELL Receiver Potoman Savings Bank of Georgetown. D.C. 5027.193.11