United States Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: December 7, 1943
Location: Washington, District of Columbia (38.895, -77.036)

Metadata

Model: gpt-5-mini
Short Digest: 95b2c67d

Response Measures

None

Description

Article is a court order (Dec 7, 1943) approving receiver R. C. Parsons and authorizing sale of the United States Savings Bank building. The bank is in receivership and property is being sold; no article text describes a run or a prior suspension, but receivership implies permanent closure. Bank type not clear from name; classified as unknown.

Events (1)

1. December 7, 1943 Receivership

Newspaper Excerpt: petition of R. C Parsons, receiver of the United States Savings Bank, filed herein December 7, 1943 wherein he has reported an offer of $45,000.00 cash ... for the sale and conveyance by petitioner to said company of the United States Savings Bank Building ... it is by the court this 7th day of December, 1943 ordered, that said petitioner, R. C. Parsons, receiver, be and he hereby authorized to accept said offer
Source: newspapers

Newspaper Articles (1)

1. December 9, 1943 Evening Star Washington, DC

Article from Evening Star, December 9, 1943

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Article Text

KREMER & BINGHAM by H. DONALD KISTLER. 921 Tower Building. Attorneys for R. C. Parsons. Receiver. DISTRICT COURT OF THE UNITED States for the District of Columbia In re UNITED STATES SAVINGS BANK Miscellaneous No. Filed December 1943 CHARLES 4 STEWART. Clerk ORDER NISI FOR SALE OF UNITED STATES SAVINGS BANK BUILDING.Upon consideration of the petition of R. C Parsons. receiver of the United States Savings Bank. filed herein December 7. 1943 wherein he has reported an offer of $45.000.00 cash from the Chesapeake & Potomac Telephone Company of Washington, D. C. for the sale and coonveyance by petitioner to said company of the United States Savings Bank Building. located on the northwest corner of 14th and U streets N.W. in the District of Columbia it is by the court this 7th day of December, 1943. ordered. that said petitioner. R. C. Parsons, receiver. be and he hereby :authorized to accept said offer for the sale and conveyance to the Chesapcake & Potomac Telephone Company of Washington. D. C., for not less than $45,000.00 net cash, said improved real property described as Lot numbered 50 in E. E. Maynew's subdivision of lots in Square numbered 204 as per plat recorded in the Office of the Surveyor for the District of Columbia in Liber HDC. at folio 52 more commonly referred to as Lot 50. Square 204. being premises at the northwest corner of 14th and U streets N.W. Washington. D. C. and known as the United States Savings Bank Building. together with the two bank vaults and doors attached thereto and certain counter and grille work now stored on the premises. the conveyance of said real estate to be by receiver's or quit claim deed and of said personal property to be by appropriate bill of sale without warranty. taxes and other charges and rental income to be adjusted as of the date of conveyance and that said sale and conveyance be ratified and confirmed by the court unless cause to the contrary be shown or a higher net cash offer for said property acceptable to the court be made on or before the 3rd day of December. 1943, at 10:00 o'clock a m at which time higher offers will be considered and objections to said sale will be heard. provided a copy of this order be published once in the Washington Law Reporter and once in The Evening Star Newspaper at least ten (10) days before said 23rd day of December 1943 S ) F DICKINSON LETTS. Justice (Seal ) A true copy Test: CHARLES E STEWART. Clerk By EMMA C. SIMPSON Deputy Clerk