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The Germantown Historical Society is creating a museum on local history and the history of banking in the Historic 1922 Germantown Community Bank that was "Too Small to Fail."
The Germantown Historical Society
Capital Campaign PLEASE HELP!
On July 23, 2015 the Germantown Historical Society acquired the Historic Germantown Bank Building from Montgomery County for $1. The building, built in 1922, is located across from the Germantown MARC train Station. The foundation and interior of the building have been damaged by water run-off from the County commuter parking lot surrounding the building, which has been a problem for several years.
The GHS is now embarking on a Capital Campaign to raise the $225,000 needed to protect the building’s foundation from further damage and repair the damage to the building that has already been done. Outside, the sidewalks and ground at the rear and sides of the building need to be dug up and drainage systems installed. Inside, some of the support beams, about half of the floor, and some of the plaster wall covering need to be replaced.
The newly refurbished building will house a museum, a meeting place, and our office. The museum will focus on the “History of Germantown” and “Banking in the 1930s during the Great Depression.” The interior of the bank contains a walk-in vault and a row of old safe deposit boxes. The GHS also has much of the correspondence of the Bank from the 1930s. The museum will be a wonderful teaching tool to demonstrate how a bank works, how money is invested, and how the banking institutions of the early 20th century are different from those today. This little community bank, the smallest type of bank building with its own walk-in vault, never closed during those lean years. We guess it was just
“Too Small To Fail.”
Thank you so much for any contribution you can make to our Capital Campaign. The Germantown Historical Society is a 501 (c) (3) non-profit organization and any contribution is tax deductible. In addition, we are an all-volunteer organization, so your contribution will be used entirely for our Building Repair Fund. You can e-mail us at: email@example.com, or leave a message at 301-972-2707
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