Dollar Savings Bank

Dollar Savings Bank of New York was a bank that operated in New York City between 1890 and 2004.

Dollar Savings Bank Headquarters
NYC Landmark No. 2370
Dollar Savings Bank E147 3d Av Bx jeh.jpg
Intersection of 3rd Ave and E 147th St
Dollar Savings Bank is located in New York City
Dollar Savings Bank
Location in New York City
Dollar Savings Bank is located in New York
Dollar Savings Bank
Dollar Savings Bank (New York)
Dollar Savings Bank is located in the United States
Dollar Savings Bank
Dollar Savings Bank (the United States)
Location2792 3rd Ave, the Bronx
Coordinates40°48′54″N 73°55′8″W / 40.81500°N 73.91889°W / 40.81500; -73.91889Coordinates: 40°48′54″N 73°55′8″W / 40.81500°N 73.91889°W / 40.81500; -73.91889
ArchitectRenwick, Aspinwall & Tucker[2]
Architectural styleClassical Revival[2]
NRHP reference No.11000228[1]
NYCL No.2370
Significant dates
Added to NRHPApril 27, 2011
Designated NYCLJanuary 12, 2010

HistoryEdit

Dollar Savings Bank of New York was formed on June 23, 1890.[3]

In February 1983, after it was on the verge of bank failure, the Federal Deposit Insurance Corporation and the New York State Banking Department arranged for a merger of the bank with Dry Dock Savings Bank to form Dollar Dry Dock Savings Bank.[3]

On February 21, 1992, the bank and its 21 branches were seized by the New York State Banking Department with the Federal Deposit Insurance Corporation named as receiver. Emigrant Savings Bank bought 20 of the branches and the Flushing branch was purchased by Apple Bank for Savings.[3][4]

In 2011, the headquarters building in the Bronx was listed on the National Register of Historic Places.[1]

ReferencesEdit

  1. ^ a b "National Register of Historic Places listings for May 6, 2011". National Park Service. May 6, 2011.
  2. ^ a b Landmarks Preservation Commission. "(Former) Dollar Savings Bank" (PDF). City of New York. Archived from the original (PDF) on June 4, 2011. Retrieved September 3, 2014.
  3. ^ a b c "Institution History for DOLLAR DRY DOCK BANK (26103)". Federal Financial Institutions Examination Council.
  4. ^ QUINT, MICHAEL (February 22, 1992). "Dollar Dry Dock Bank Shut". The New York Times.