Business & Finance: Accidental Banker

George W. (“Penny-a-Pound Profit”) Loft, candy maker, horse-racer, onetime member of the House of Representatives, last week became a banker by a fluke.

Three months ago he bought the building at Seventh Avenue and 33rd Street, Manhattan, in which the Brotherhood of Locomotive Engineers Co-operative Trust Co. occupied ground floor space. They vacated, leaving to Mr. Loft fine banking fixtures worth $150,000. When salvaging junkmen offered him only $25,000 for all the equipment, he decided that for such an amount he might well play as a neighborhood banker himself. His bank, created last week, has capital of $750,000, surplus of $250,000; is named Emerald National Bank & Trust Co.