Albert Lincoln Hoffman, 93, a retired Army colonel and New York banker and businessman who had lived in Washington since the early 1950s, died of congestive heart failure Sunday at his home.

Col. Hoffman was a native of Lenox, Mass., and a 1908 graduate of Harvard University. From 1918 to 1920, he worked for the First National City Bank, now Citibank, in New York and Latin America. He then joined the International Telephone & Telegraph Col, working in New York and Europe and becoming a vice president. In 1933, he joined the J. P. Morgan banking company in New York as an account executive.

Col. Hoffman was an Army staff officer in World War I. He rejoined the Army in 1940, serving as an intelligence officer in Washington and South America. For much of World War II, he was an assistant military attache at the U.S. Embassy in Madrid.

After the war, he was a special military assistant in Luxembourg before finally retiring from the Army in 1953. His medals include the Bronze Star, the French Legion of Honor and decorations from the governments of Spain and Luxembourg.

Col. Hoffman maintained homes in Washington and Hobe Sound, Fla. He was a member of the Metropolitan Club in Washington.

His fiest wife, Leta Sullivan, died in 1919. His second wife, Elaine Sullivan, died in January, 1971.

Col. Hoffman's survivors include a son by his first marriage Albert L. Jr. of Oyster Bay, N.Y.; a daughter by his second marriage, Lucy Webb of Washington; a brother, Murray, of New York City; five grandchildren, and four great-grandchildren.