IDENTIFIED WITH CAPITAL'S GROWTH
Clarence F. Norment, president of the Central National Bank, was born in this city forty-eight years ago and is the son of Samuel Norment, one of the founders and the first president of the Central National. He received his educational training at the Rittenhouse Academy, this city, and at the Western Maryland University, at Westminster, Md.
In 1891 Samuel Norment died and the son was elected a director of his father's bank. From that time he has always been actively interested in the welfare of the institution. He was elected to the presidency of the bank in 1895, at the death of William E. Clark, who succeeded Samuel Norment as president. The present head has shown rare executive ability,
[photo of Clarence F. Norment]
and under his administration the bank's capital has been increased from $100,000 to $200,000. Clarence Norment is a director and member of the executive committee of the American Security and Trust Company, a member of the Washington Stock Exchange, and is connected with several building associations and insurance companies in this city.
Mr. Norment's ability as a financier is to an extent heredity, for it was his grandfather, Ulysses Ward, who founded the mutual fire insurance company on the site of the Bank of Washington, across the street from the bank founded by the elder Norment.
Mr. Norment is yet a young man, considering the important position he holds. He has a genial disposition, and speaks in a slow well-modulated voice, which would lead one to believe that he is a native of a more Southern part of the country. He is an enthusiastic lover of outdoor life, and is a member of the Blue Ridge Rod and Gun Club, and is also a prominent member of the Washington Automobile Club.