2103. North Capitol Savings Bank (Washington, DC)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1932*
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: a5280d5e

Response Measures

None

Description

Articles indicate the bank closed in 1932 and remained defunct; a receiver (John F. Moran) handled assets and final dividends years later (asset sale Dec 12, 1940; final dividend disbursements in Jan-Mar 1942). No run is described in these items; closure preceded the notices here. Cause of the original suspension/closure is not specified in the articles, so recorded as 'other'.

Events (6)

1. January 1, 1932* Suspension

Cause Details: Article states only that the bank closed in 1932; no specific cause (insolvency details) is provided in these clippings.
Newspaper Excerpt: The bank closed in 1932 and had a deposit liability of $1,150,000 and assets of $1,460,000.
Source: newspapers

2. December 6, 1940 Receivership

Newspaper Excerpt: Pursuant to authority of the Comptroller of the Currency ... John F. Moran, as Receiver of North Capitol Savings Bank of Washington, D. C., will offer at public sale ... on December, 12. 1940, at two o'clock (P.M.) the remaining assets of the said North Capitol Savings Bank of Washington, D. C., ... (Signed) JOHN F. MORAN. Receiver. North Capitol Savings Bank ... Washington D. C.
Source: newspapers

3. December 12, 1940 Other

Newspaper Excerpt: Remaining assets of the North Capitol Savings Bank will be sold at auction next Thursday, it was announced today by John F. Moran, receiver. The sale will take place at the receiver's office ... The bank closed in 1932 ...
Source: newspapers

4. January 15, 1942 Other

Newspaper Excerpt: Payment of the last North Capitol dividend will not begin until Monday, he emphasized, ... John F. Moran, receiver for two defunct Washington banks ... said today depositors need not call his office in advance of the disbursement to assure themselves of payment.
Source: newspapers

5. January 18, 1942 Other

Newspaper Excerpt: Disbursement of checks representing the final dividend for approximately 6,000 depositors of the defunct North Capitol Savings Bank will begin tomorrow morning. John F. Moran, receiver of the institution ...
Source: newspapers

6. March 7, 1942 Other

Newspaper Excerpt: Several thousand dividend checks covering final payments to depositors in the defunct North Capitol Savings Bank ... have never been called for, John F. Moran, the receiver, announced today. The checks are being distributed at the receiver's office ...
Source: newspapers

Newspaper Articles (10)

1. December 6, 1940 Evening Star Washington, DC

Article from Evening Star, December 6, 1940

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RECEIVER'S NOTICE OF SALE OF ASSETS To Whom It May Concern: Pursuant to authority of the Comptroller of the Currency of the United States, the undersigned John F. Moran, as Receiver of North Capitol Savings Bank of Washington, D. C., will offer at public sale to the highest bidder or bidders for cash. at Room No. 222, Riggs National Bank Building, on December, 12. 1940, at two o'clock (P.M.) the remaining assets of the said North Capitol Savings Bank of Washington, D. C., consisting of (real estate, bills receivable, judgments, 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 North Capitol Savings Bank of Washington, D. C., after Monday, December 2, and on all business days up to and including the date of the said sale between the hours of 9:00 A.M. and 5:00 P.M. According to law. said remaining assets cannot 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) JOHN F. MORAN. Receiver. North Capitol Savings Bank No. 222 Riges National Bank Bldg. 14th and Park Road N.W. Washington D. C.

2. December 7, 1940 Evening Star Washington, DC

Article from Evening Star, December 7, 1940

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North Capitol Bank Assets Will Be Sold Thursday Remaining assets of the North Capitol Savings Bank will be sold at auction next Thursday. it was announced today by John F. Moran, receiver. The sale will take place at the receiver's office, room 222 Riggs National Bank Building, Fourteenth street and Park road N.W. The bank closed in 1932 and had a deposit liability of $1,150,000 and assets of $1,460,000. The assets include a $90,000 stock assessment liability upon the stockholders. Dividends totaling 31½ per cent, amounting to $294,495.71. have been paid. As soon as the necessary court procedure is completed and the sale is approved by the court, a final dividend payment will be recommended, Mr. Moran explained. "We are not in a position at this time to advise as to what percentage the final dividend will be," he said. "and cannot do so until all of the details are completed."

3. December 9, 1940 Evening Star Washington, DC

Article from Evening Star, December 9, 1940

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RECEIVER'S NOTICE OF SALE OF ASSETS To Whom It May Concern: Pursuant to authority of the Com troller of the Currency of the Uni States. the undersigned John F. More as Receiver of North Capitol Savings B of Washington. D. C., will offer at pub sale to the highest bidder or bidders cash. at Room No. 999 Riggs Nation Bank Building. on December 12. 1940. 2 o'clock (P.M.) the remaining assets the said North Capitol Savings Bank Washington. D C.. consisting of (re estate, bills receivable. judgements. over drafts, and other choses in action at chattels) less such items (or article as may be paid or otherwise disposed prior to the said date of sale herein mentioned. A descriptive list of the rema ing assets so offered for sale may be 111spected by prospective purchasers at the office of the Receiver of North Capit Savings Bank of Washington D. C., after Monday. December 2. and on all busin days up to and including the date of the said sale between the hours of 9:00 A.M. and 5.00 P.M. According to law. said remaining assets cannot 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 sub ect confirmation by a court of reeord of competent jurisdiction (Signed) JOHN F MORAN. Receiver. North Capitol Savings Bank No Riggs National Bank Bldg 14th and Park Road. N.W. Washington. D C.

4. December 10, 1940 Evening Star Washington, DC

Article from Evening Star, December 10, 1940

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Article Text

RECEIVER'S NOTICE OF SALE OF ASSETS To Whom It May Concern: Pursuant to authority of the Comptroller of the Currency of the United States, the undersigned John F. Moran, as Receiver of North Capitol Savings Bank of Washington, D. C., will offer at public sale to the highest bidder or bidders for cash, at Room No. 222, Riggs National Bank Building, on December 12, 1940, at two o'clock (P.M.) the remaining assets of the said North Capitol Savings Bank of Washington, D. C., consisting of (real estate, bills receivable, judgments, 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 North Capitol Savings Bank of Washington, D. C., after Monday, December 2, and on all business days up to and including the date of the said sale between the hours of 9:00 A.M. and 5:00 P.M. According to law. said remaining assets cannot 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) JOHN F. MORAN. Receiver. North Capitol Savings Bank No. 282 Riggs National Bank Blds. 14th and Park Road N.W. Washington D. C.

5. January 15, 1942 Evening Star Washington, DC

Article from Evening Star, January 15, 1942

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Anxious Creditors' Calls Hinder Final Dividends John F. Moran, receiver for two defunct Washington banks which will make final dividend payments to creditors soon, said today depositors need not call his office in advance of the disbursement to assure themselves of payment. Mr. Moran explained work of preparing checks was being hampered by telephone calls from anxious creditors of the institutions-North Capitol Savings Bank and Park Savings Bank. Payment of the last North Capitol dividend will not begin until Monday, he emphasized, and the final Park Savings dividend will not be distributed until shortly after February 1.

6. January 18, 1942 Evening Star Washington, DC

Article from Evening Star, January 18, 1942

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North Capitol Bank Depositors to Get Checks Disbursement of checks representing the final dividend for approximately 6.000 depositors of the defunct North Capitol Savings Bank will begin tomorrow morning. John F. Moran, receiver of the institution. emphasized that each depositor would be notified by mail as to when he should call for His check. "For the convenience of depositors, the receiver's office in the Riggs National Bank branch building, Fourteenth street and Park road N.W. will be open from 9 a.m. until 8 p.m. the first three days," he announced. "The hours will be from 9 a.m. to 5 p.m. on other days, with the exception of Saturday, January 24, when we will remain open until 3 o'clock in the afternoon. "Owing to the fact that our facilities are not sufficiently large, it will be necessary for us to forward notices of the payment to approximately one-third of the depositors at a time." The disbursement of final dividend of the closed Park Savings Bank, for which Mr. Moran also is receiver. will not begin until after February 1.

7. February 14, 1942 Evening Star Washington, DC

Article from Evening Star, February 14, 1942

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Hannan Named Head Of Railway Express Office Here Fills Vacancy Left By Promotion of C. W. Turner By EDWARD C. STONE. W. O. R. Hannan of St. Louis has been appointed superintendent of the Washington division, Railway Express Agency, Inc., to fill the vacancy caused by the promotion of Claude W. Turner to be manager of all Government express transportation, it was announced today. The new Washington superintendent started in the express business at Louisville, Ky., in 1907. Advancing rapidly, he was transferred in 1913 to Lexington, Ky., as agent. In 1916 he was made a route agent with headquarters in Cincinnati. and after brief service in the first World War took a similar position in St. Louis. Mr. Hannan served as general agent in several important Middle West cities. For four years he was superintendent of the Arkansas division, being appointed to the Missouri division last July. Depositors Spurn Checks. John F. Moran, receiver for the insolvent North Capitol Savings Bank and the Park Savings Bank. reports that many checks have not been called for at the office at Fourteenth street and Park road. The checks have been ready for several weeks. Mr. Moran is trying to wind up the affairs of both banks and has sent out a plea to former depositors to obtain their checks. The office is open daily from 9 to 5, except Saturdays, when it closes at noon. D. C. Accountants Honored. Two Washington accountants, Rusco H. Crowell, associated with J. Henry Oehmann, and William H. Danne. with Price, Waterhouse & Co., have been elected members of the American Institute of Accounts, New York reports stated today. At the same time Nelson C. Humphrey, with the Securities and Exchange Commission, and Gordon C. Stubbs, Quartermaster General's Office, were elected associate members. Wilmer J. Waller, an official of the Hamilton National Bank, will speak over Radio Station WJSV at 6 o'clock tonight on "Defense Bonds" in connection with the campaign being conducted by the District Bankers' Association.

8. March 13, 1942 Evening Star Washington, DC

Article from Evening Star, March 13, 1942

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Capital Store Sales 39 Per Cent Ahead Of Year Ago Week's Showing Best Since Early Part Of February By EDWARD C. STONE. Further sensational retail trade ains in Washington and the rest of the Fifth Federal Reserve District were registered for the week ending last Saturday, March 7, the Reserve Bank of Richmond reported today Department store sales in Washngton were 39 per cent greater than year ago, the best weekly gain ince early in February. It compares with a 34 per cent upswing the previous week over the like 941 period. Sales in the Fifth District last teek were 47 per cent higher than a ear ago, soared 59 per cent in Baltimore and rose 29 per cent in a group other cities, the report said. There was a drop of 20 per cent in sales in the Capital from the previous week this year, ending February 8. Sales averaged 8 per cent lower in the Fifth District, but were up 5 per cent in Baltimore and in the other reporting cities. Cumulative sales in Washington in the four weeks ended March 7 were 34 per cent higher than a year ago, gained 37 per cent in the Fifth District, 43 in Baltimore and 19 in the other cities, the survey said. Dividend Checks Spurned. Several thousand dividend checks covering final payments to depositors in the defunct North Capitol Savings Bank and in the Park Savings Bank have never been called for, John F. Moran, the receiver, announced today. The checks are being distributed at the receiver's office in the Riggs Bank Building, Fourteenth street and Park road N.W. Mr. Moran is winding up the affairs of both banks on March 31 and all remaining undelivered checks to depositors will be forwarded to the controller of the currency on or before Wednesday, March 25. Depositors can save a lot of time if they will obtain their checks while they are still at the present location. Office hours are 9 to 5 on week days and 9 to 3 on Saturdays until March 25. The need for funds for income taxes seems to have had little effect on the thousands of depositors in the two closed banks. Porter Seeks Higher Honors. Stephen O. Porter, note teller in the Chevy Chase Branch, Riggs National Bank, is planning to make a vigorous effort to win the semifinal public

9. February 22, 1943 Evening Star Washington, DC

Article from Evening Star, February 22, 1943

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# U. S. Refunds # $548,715 in # Taxes in D. C. Largest Sum in 1942 Fiscal Year Went to Garfinckel Estate By WILL P. KENNEDY. Seventy-one itms of tax refunds in the District, each in excess of $500, allowed by the Bureau of Internal Revenue for the fiscal year ended June 30, 1942 to a total of $548,715.86 were made public today by the House Committee on Expenditures in the departments. This included 22 items of refunds on estate taxes to a total of $58,313.96; two items of processing taxes to a total of $6,712.85, and 47 items of income taxes to a total of $483,689.05. The largest single item was a refund of $383,092.25 to the Garfinckel estate, the second largest refund was to the Lisner estate in two items totaling $26.861.20, and the third largest was to Eleanor M. Patterson, $17,011.13. Income tax refunds were: Alamo Theater Corp., 1216 Seventh street N.W., $635.32. American Co., 807 Fifteenth street N.W., $2.124.44. Ida G. Blis, 1763 Columbia road N.W., $1.144.88. Y. E. Booker & Co., $752.33. Alexander Brown, care J. Marvin Haynes, Investment Building, $12,113.84. George H. Browne Trust, American Security & Trust Co., trustee, $9.406.97. B. & R. Incorporated, 611 American Security Building (capital stock), $824.38. Louisa P. Burling, 2900 Benton place N.W., $1,553.27. Chesapeake & Potomac Telephone Co., $2.407.46. E. Taylor Chewning, 931 Investment Building, $711.12. Continental Life Insurance Co., $7.436.35. Marianna Dunn, de Baillet-Latour, 1422 Thirty-fifth street N.W., $530.65. Distilled Spirits Institute, Inc. (Federal unemployment tax), $503.56. Equitable Life Insurance Co., $901.04. Garfinckle estate, the Riggs National Bank, William Townsend Pheiffer and William E. Schmid, executors, $383,092.25. Martha A. Given, Dresden Apartments, $779.30. Marian A. Judd, 3411 Massachusetts avenue N.W., $660.66. Howell T. King, 60 M street N.E., $895.73 John Oliver and Ethel D. La Gorce, 2440 Kalorama road N.W., $574.63. Abraham Lisner estate. Leon Torbriner, trustee, 932 Southern Building, $6,840.45. William Littauer, Mayflower Hotel, $583.56. Robert W. Lyons, Bowen Building, $827.06. Evalyn Walsh McLean, Friendship, $978.97. Trust estate of William C. Miller, Allison N. Miller, trustee, 729 Fifteenth street N.W., $875.08. Grover C. Naylor, sr., 915 Maine avenue S.W. (Federal unemployment tax), $1,315.43. New Johnny J. Jones Exposition, Inc., 511 C street northeast (Federal unemployment tax), $2,278.97. North Capitol Savings Bank, John F. Moran, receiver (Federal unemployment tax), $574.46 and $606.71. Parkway Motor Co., Inc. (Federal unemployment tax), $2,449.21. Pathfinder Publishing Co. (Federal unemployment tax), $1,000.09. Eleanor M. Patterson, 15 Dupont circle N.W., $17.011.13. People's Life Insurance Co., $763.50. Harry J. Riganis, 931 Farragut street N.W., $1,705.29. Rock Creek Park Estates, Inc., care of the American Co., $1,544.65. J. Douglas and Frances E. Rollow, 4524 Cathedral avenue N.W., $770.78. T. F. Schneider Corp., $1,280.12. Thomas Alexander Scott, committee of Carl J. Hardy, $574.14. Southeastern Industrial Bankers, Inc., $2,752.46. Rose L. Sutherland, 2029 Connecticut avenue, $2,781.81. Third Scottish American Trust Co., Ltd., care of Walter G. Moyle, $1.458.46. Frederick N. Towers, 801 Hibbs Building, $968.24. Edward R. True, jr., 819 Investment Building, $520.07. United Clay Products Co., $1,390.70. United States Government Advertiser, $512.75, Waggaman - Downey Co., Inc., $623.44. Washington Garage Co., Inc., Federal unemployment tax, $653.34. Estate tax refunds were: Edward B. Adams (deceased), Lincoln National Bank of Washington, executor, $993.04. Alamo Theater Corp., 1216 Seventh street N.W., $635.32. American Institute of Co-operation (Federal insurance contributions), $854.56. John J. Bowles (deceased), Second National Bank, executor, $3,002.25. Samuel Martin Brosius (deceased) American Security & Trust Co., Anna M. Brosius and George N. Everett, executors, $1.252.64. Elsie Camp, Crabbs (deceased) National Savings & Trust Co., executor, $599.15 Clarence W. De Knight (deceased), American Security & Trust Co., and Frank F. Nesbit, executors $2.173.84. Max Fischer (deceased), Aubrey D. Fischer, residuary legatee, 402 Edmonds Building, $857 46. Helen F. Silverstein, care Dr. Aubrey D. Fischer, $857.46. Melville B. Fischer. 402 Edmonds Building, $857.46. Mary Haydon Hansen (deceased) Riggs National Bank and John V Hansen, trustees, $1.385.14. Sidney L. Hechinger (donor-gift) Thirty-ninth and Cathedral avenue $940.97. Firman R. Horner (deceased) Marcia Horner Cotter, residuary legatee, 1215 Monroe street N.E. $572.25. Laura Hartmann Lisner de-

10. February 22, 1943 Evening Star Washington, DC

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U.S. Refunds $548,715 in Taxes in D.C. Largest Sum in 1942 Fiscal Year Went to Garfinckel Estate By WILL P. KENNEDY. Seventy-one itms of tax refunds in the District, each in excess of $500 allowed by the Bureau of Internal Revenue for the fiscal year ended June 30, 1942-to a total of $548.715.86-were made public today by the House Committee on Expenditures in the departments. This included 22 items of refunds on estate taxes to a total of $58,313.96: two items of processing taxes to a total of $6,712.85. and 47 items of income taxes to a total of $483,689.05. The largest single item was a refund of $383,092.25 to the Garfinckel estate. the second largest refund was to the Lisner estate in two items totaling $26,861.20. and the third largest was to Eleanor M. Patterson, $17,011.13. Income tax refunds were: Alamo Theater Corp., 1216 Seventh street N.W.. $635.32. American Co., 807 Fifteenth street N.W., $2,124.44. Ida G. Blis, 1763 Columbia road N.W.. $1,144.88. Y. E. Booker & Co., $752.33 Alexander Brown. care J. Marvin Haynes, Investment Building, $12.113.84. George H. Browne Trust, American Security & Trust Co., trustee, $9,406.97. B. & R. Incorporated. 611 AmerIcan Security Building (capital stock). $824.38 Louisa P. Burling, 2900 Benton place N.W.. $1,553.27. Chesapeake & Potomac Telephone Co., $2,407.46. E. Taylor Chewning, 931 Investment Building, $711.12 Continental Life Insurance Co., $7,436.35. Marianna Dunn, de BailletLatour. 1422 Thirty-fifth street N.W., $530.65. Distilled Spirits Institute, Inc. deral unemployment tax), $503.56. Equitable Life Insurance Co., $901.04. Garfinckle estate. the Riggs National Bank, William Townsend Pheiffer and William E. Schmid, executors, $383,092.25. Martha A. Given, Dresden Apartments, $779.30. Marian A. Judd. 3411 Massachusetts avenue N.W., $660.66. Howell T. King, 60 M street N.E., $895.73 John Oliver and Ethel D. La Gorce, 2440 Kalorama road N.W., $574.63. Abraham Lisner estate. Leon Torbriner, trustee, 932 Southern Build$6,840.45. William Littauer, Mayflower Ho$583.56. Robert W.Lyons, Bowen Building, 827.06. Evalyn Walsh McLean, Friendhip, $978.97. Trust estate of William C. Miller, Allison N. Miller. trustee. 729 Fifeenth street N.W., $875.08. Grover C. Naylor, sr., 915 Maine venue S.W. (Federal unemploytax), $1,315.43. New Johnny J. Jones Exposition, Inc., 511 C street northeast (Fedunemployment tax), $2,278.97. North Capitol Savings Bank, John Moran, receiver (Federal unemployment tax). $574.46 and $606.71. Parkway Motor Co., Inc. (Federal unemployment tax), $2,449.21. Pathfinder Publishing Co. (Fedunemployment tax), $1,000.09 Eleanor M. Patterson, 15 Dupont circle N.W., $17,011.13. People's Life Insurance Co., $763.50. Harry J. Riganis, 931 Farragut street N.W., $1,705.29. Rock Creek Park Estates, Inc., care of the American Co., $1,544.65. J. Douglas and Frances E. Rollow, 4524 Cathedral avenue N.W., $770.78. T. F. Schneider Corp., $1,280.12. Thomas Alexander Scott, committee of Carl J. Hardy, $574.14 Southeastern Industrial Bankers, Inc., $2,752.46. Rose L. Sutherland, 2029 Connecticut avenue, $2,781.81. Third Scottish American Trust Co. Ltd., care of Walter G. Moyle, $1,458.46. Frederick N. Towers, 801 Hibbs Building, $968.24. Edward R. True. jr., 819 Investment Building. $520.07 United Clay Products Co., $1,390.70 United States Government Advertiser, $512.75. Waggaman Downey Co Inc