Modern Banking

Modern Banking (HM19KG)

Location: Silver Spring, MD 20910 Montgomery County
Buy Maryland State flags at Flagstore.com!
Country: United States of America
Buy United States of America flags at Flagstore.com!

N 38° 59.848', W 77° 1.796'

  • 0 likes
  • 0 check ins
  • 0 favorites
  • 291 views
Inscription

Landmark Architecture

— Silver Spring Georgia Avenue Heritage Trail —

The 1958 Perpetual Building Association office at 8700 Georgia Avenue is the finest example of Mid-Century Modern architecture in Silver Spring. The University of Maryland study Modern Movement in Maryland extols Perpetual as a "pristine and superior example of the statewide and national output of the Bank Building and Equipment Corporation of America...one of the best examples of commercial modernism from the 1950s in the Mid-Atlantic region."

Designed by BB & EC and leading Washington, D.C. architect Robert O. Scholz, Perpetual's glass, limestone, and Carnelian granite exterior symbolized permanence and protection of depositors' funds. This landmark building's construction marked the birth of Silver Spring as a suburban financial center. Its presence attracted additional banking establishments to the intersection of Georgia Avenue an Cameron Street, culminating in The Evening Star dubbing the corner in 1961 as "...fast becoming Silver Spring's Little Wall Street..."

Perpetual was founded in 1881 in Washington D.C. by the St. George's Society a group of poker-playing Englishmen who pooled their resources to help members purchase new homes in the nation's capital. Perpetual's long-lived success was pioneered and nurtured by President Edward C. Baltz.

With the motto "Dedicated to Thrift," Perpetual evolved into the Washington area's largest savings and loan, and for nearly two decades the nation's largest. It was the first S&L to provide loans to African-Americans to purchase homes in any neighborhood, and the first (1970) to appoint an African American to its board, William S. Harps.
Details
HM NumberHM19KG
Tags
Year Placed2013
Placed ByThe Silver Spring Historical Society
Marker ConditionNo reports yet
Date Added Friday, October 17th, 2014 at 7:15am PDT -07:00
Pictures
Sorry, but we don't have a picture of this historical marker yet. If you have a picture, please share it with us. It's simple to do. 1) Become a member. 2) Adopt this historical marker listing. 3) Upload the picture.
Locationbig map
UTM (WGS84 Datum)18S E 324210 N 4318455
Decimal Degrees38.99746667, -77.02993333
Degrees and Decimal MinutesN 38° 59.848', W 77° 1.796'
Degrees, Minutes and Seconds38° 59' 50.88" N, 77° 1' 47.76" W
Driving DirectionsGoogle Maps
Area Code(s)240, 301, 202
Closest Postal AddressAt or near 8584-8598 Cameron St, Silver Spring MD 20910, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

Is this marker missing? Are the coordinates wrong? Do you have additional information that you would like to share with us? If so, check in.

Check Ins  check in   |    all

Have you seen this marker? If so, check in and tell us about it.

Comments 0 comments

Maintenance Issues
  1. Is this marker part of a series?
  2. What historical period does the marker represent?
  3. What historical place does the marker represent?
  4. What type of marker is it?
  5. What class is the marker?
  6. What style is the marker?
  7. Does the marker have a number?
  8. This marker needs at least one picture.
  9. Can this marker be seen from the road?
  10. Is the marker in the median?