Columbia National Bank - Washington, DC

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 3625
Charter Number: 3625
Start Date: December 2, 1946
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: 483b6593

Response Measures

None

Description

No article describes a depositor run. The bank had been closed earlier (not dated in the provided excerpts) and on 1946-12-02 reopened as a branch of American Security & Trust Co. The immediate cause of the prior suspension is not stated in the articles, so cause marked as 'other'.

Events (2)

1. December 2, 1946 Reopening

Newspaper Excerpt: As scheduled, the Columbia National Bank became a branch office of the American Security & Trust when business was resumed today. Frank J. Stryker and Robert C. Baker... were on hand to greet patrons under the new regime.
Source: newspapers

2. * Suspension

Cause Details: Article does not state reason for the prior suspension/closure; only that business was resumed under American Security & Trust supervision.
Newspaper Excerpt: As scheduled, the Columbia National Bank became a branch office of the American Security & Trust when business was resumed today.
Source: newspapers

Newspaper Articles (2)

1. September 20, 1942 Evening Star Washington, DC

Article from Evening Star, September 20, 1942

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Article Text

the managers section. He came to Washington from Manchester, N. H., where he held an outstanding record as an insurance producer. Special League Reports Due. Important committee reports will be presented at the September meeting of the Executive Committee of the District Building and Loan Tuesday noon at Secretary announced C. Baltz, League Camp eigh Edward Hotel, yesterday. secretary F. the Willson of Ral- and the Building Association, of the Victory the District of by national Perpetual chairman mittee appointed for headquarters Bond Columbia Comwill announce for the bond to the of assigned the E.L. securing league, McAleer, associations Equitable sales Co-oper- here. quota plans Association, chairman of will on the result ative vertising report Building the newspapers of co-oper- and league, adative promotion in the of sales of War securities. Columbia Votes Dividends. Directors of the Columbia National Bank have voted a dividend of $3 per share, President Frank J. Stryker announced yesterday, payable as follows: One dollar and fifty cents per share to stockholders of record September 22, payable October 1, and $1.50 per share to stockholders of record December 22, payable January 2, 1943. As noted elsewhere in today's Star, Receiver Justus S. Wardell of the District National Bank is making a final dividend of 15 per cent to 8,852 claimants, bringing total to 100 per cent, payments the plus the best 2.88 per cent interest, one of records in connection with any of the closed banks. Accountants to Hear Greer. Prices and Uncon"Controlled Costs" subject trolled will be the for the year's first meeting of Washington Chapter, National Association of Cost Accountants, at the Hamilton Hotel Thursday evening, when Howard C. Greer will be the principal speaker. Mr. Greer is vice president and general manager of Kingan & Co., meat packers, of Indianapolis. He was accounting and marketing expert of the American Meat Institute for several years and is a former president of the American Accounting Association. Donald D. Kennedy will introthe speaker and duce the Thomas chapter, W. Howard, president of will open the dinner meeting. Institute Committee Named. Robert G. Gries, American Security & Trust Co., has been appointed chairman of the Membership Committee of Washington of Chapter. American Institute Banking, and Lloyd Carey, Washington Loan & Trust Co., vice M chairman. President George Rowzee, jr., announced yesterday The fall semester opens tomorrow. Other committee members are: Kenneth O. Hulse, Hamilton National; George Galleher, Lincoln National: Theodore Bogley, Munsey Trust; G. Elmer Flather, Union Trust, and Earl D. Miller, Bank of Bethesda. Linotype Workers Honored. An Army and Navy efficiency Pennant was awarded to employes of the Mergenthaler Linotype Co at the Brooklyn plant during the past week for brilliant work in connection with war production. For a long time the company has been working at top speed on war orders pins also were presented workers for to Special 2,872 their production, individual parts in war 5,000 persons attending the gala ceremony.

2. December 2, 1946 Evening Star Washington, DC

Article from Evening Star, December 2, 1946

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Article Text

IBA Head Urges Boost In Interest Rates As Conclave Opens By Edward C. Stone Charles S. Garland, president of the Investment Bankers' Association and senior partner in Alexander Brown & Sons., of Baltimore and Washington, called for a boost in interest rates at the opening of the IBA convention at Palm Beach today, according to the Associated Press. He asserted the Treasury was running counter to economic laws in holding interest rates on Government bonds on their current low level. He favored the higher rate "even though this would force down the value of existing bonds, both Government and corporate." Savings banks would pay a higher return and such big investors as insurance companies would be infinitely better off. He believes the general public would also benefit. He declared the "battle" inside the Treasury over interest rates is increasing in intensity. Mr. Garland announced that IBA headquarters would be shifted to Washington just as soon as space becomes available. a Insurance Officers Named. Directors of the Mutual Fire Insurance Co. of Montgomery County, Silver Spring, have elected A. D. Farquhar president, to succeed the late F. D. Leizear, it was announced today. The board also elected Rowan F. Erb secretary and treasurer to take Mr. Farquhar's former position. Mr. the new Farquhar, president, is the son of Allan Farquhar, who served as secretary and treasurer of the company for 50 years. Mr. Erb has been connected with the company 30 years. The company was organized in 1848 and has been in continuous operation for 98 years. Mortgage Dividend Declared. Directors of the Real Estate Mortgage & Guaranty Corp. have declared a dividend of $1 a share on the outstanding stock, payable December 13 to stockholders of record December 3, Hubbert R. Quinter, president, announced today. William C. Costello, who came to Washington with Jesse Jones in 1932, has resigned from the Reconstruction Finance Corp. to enter private business. He will open offices in Washington and Houston for the J. A. Jurn Manufacturing Co. of Erie, Pa., makers of building and plumbing devices. Recently Mr. Costello has been special assistant to the RFC directors. Columbia Opens as Branch. As scheduled, the Columbia National Bank became a branch office of the American Security & Trust when business was resumed Frank J. today. Co. Stryker and Robert C. Baker, now vice presidents of the trust company, and the three other new officials were on hand to greet patrons under the new regime. A. The banking quarters were elabdecorated with flowers, of gifts orately many business There associates few over a long period. were other signs of any change in management, except the bank stationery. The sign, over the entrance also heralded the bank merger.