Potomac Savings - Washington, DC

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 11, 1938
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: cc13f433

Response Measures

None

Description

Article (Evening Star, 1938-09-11) indicates Northeast Savings is under the authority of a receiver (Mr. Wardell) and assets will be sold; this implies the bank was placed in receivership and remained closed/being liquidated. No run is mentioned in the text.

Events (2)

1. September 11, 1938 Receivership

Newspaper Excerpt: In addition to the Northeast Savings and the Washington Savings, the banks under Mr. Wardell's authority include the District National ... Hadley (Continued From Page E-1.) to be held at the office of the receiver at 1406 G street at 2 p.m. October 4, states that the assets will include real estate, bills receivable, judgments, overdrafts and other choses in action and chattels, less such items as may be paid or otherwise disposed of prior to the sale.
Source: newspapers

2. October 4, 1938 Other

Newspaper Excerpt: sale ... to be held at the office of the receiver at 1406 G street at 2 p.m. October 4 ... the assets will include real estate, bills receivable, judgments, overdrafts and other choses in action and chattels
Source: newspapers

Newspaper Articles (1)

1. September 11, 1938 Evening Star Washington, DC

Article from Evening Star, September 11, 1938

Click image to open full size in new tab

Article Text

Hadley (Continued From Page E-1.) to be held at the office of the receiver at 1406 G street at 2 p.m. October 4, states that the assets will include real estate, bills receivable, judgments, overdrafts and other choses in action and chattels, less such items as may be paid or otherwise disposed of prior to the sale. In addition to the Northeast Savings and the Washington Savings, the banks under Mr. Wardell's authority include the District National, which has paid 85 per cent; the Potomac Savings, which has paid 62½ per cent, and the Seventh Street Savings, which has paid 90 per cent. The Etna Life Insurance Co. of Hartford, Conn., reports that their agency in this territory, headed by P. D. Sleeper, general agent, ranks third out of 75 agencies in the United States in number of salesmen who have qualified for this year's regional meetings for educational purposes. For 1937, the P. D. Sleeper agency was awarded the trophy for agency achievement in the southern division and the agency will surpass all others in both the eastern and southern divisions in number of delegates to attend the company's educational meeting next week in Quebec. In addition to Mr. Sleeper, the members of his agency who will attend the meeting are: F. N. Stricklin, H. Cochran Fisher. J. L. Richards, L. E. Harris, H. B. McQuire. M. L. Bloomberg: A. A. Lipscomb, P. P. Peyser, C. B. Myers, S. H. Parkins, jr., J. S. Holmes, B. H. Lingo, C. C. Iason and E. M. Crump. Directors of the Federal Reserve Bank of Richmond have appointed R. S. Brock, jr., auditor of the bank, effective September 16. Mr. Brock will succeed T. F. Epes, who will assume other responsible duties in the bank. Mr. Brock is a native of Richmond and has been with the bank since December 1, 1915. For the past 13 years he has been a member of the bank's examining staff and prior to that was in the auditing department for six years.