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Ridgewood Savings Bank is the largest mutual savings bank in New York State and was founded in 1921.[2] It operates 35 branches across New York City's five boroughs, Long Island and Westchester County.

Ridgewood Savings Bank
Mutual savings bank
IndustryFinancial services
FoundedRidgewood, New York
June 18, 1921 (1921-06-18)
Headquarters,
Area served
New York metropolitan area
Key people
Leonard Stekol, Chairman and CEO
$13 million[1]
Total assets$4.6 billion[2]
Number of employees
686[1]
Websiteridgewoodbank.com

Contents

HistoryEdit

 
Ridgewood Savings Bank headquarters since 1929, located in Ridgewood, Queens
 
Ridgewood Savings Bank first branch office in Forest Hills, Queens

The bank was chartered as Savings Bank of Ridgewood on June 18, 1921. It began when 14 local businessmen in Ridgewood, Queens decided to form a mutual savings bank to serve the needs of the community. The Bank's first headquarters was a converted Taproom located at the intersection of Myrtle and Forest Avenues.[2] In 1929, the cornerstone was laid for a new headquarters at the same site and the name was changed from Savings Bank of Ridgewood to Ridgewood Savings Bank. The building architects were Halsey, McCormack and Helmer, Inc. and the general contractors were Stamarith Construction Corporation.[3] In 1940, the bank opened its first branch office, in Forest Hills, Queens. The building is located at the intersection of Queens Boulevard and 108th Street, and was designated a New York City Landmark in 2000 by the New York City Landmarks Preservation Commission. In 2007, City and Suburban Bank joined Ridgewood Savings, increasing the number of branches by 12.[4]

List of PresidentsEdit

  • Leonard Stekol, 2018–Present
  • Peter M. Boger, 2012–2018[5]
  • William C. McGarry, 2004–2012[6]
  • William A. McKenna, Jr., 1992–2003
  • Walter J. Hess, 1948–1971[7]
  • Herman Ringe, 1946–1948[citation needed]
  • Rudolph Stutzmann, 1921–1946[citation needed]

ReferencesEdit

  1. ^ a b "Ridgewood Savings Bank". usabankinfo.com. Retrieved 5 February 2013.
  2. ^ a b c "Press Release June 28, 2011" (PDF). ridgewoodbank.com. Retrieved 5 February 2013.
  3. ^ "NOTABLES ATTEND FORMAL OPENING OF BANK'S HOME" (PDF). THE DAILY STAR. March 17, 1930. Retrieved 5 February 2013.
  4. ^ "History". ridgewoodbank.com. Retrieved 5 February 2013.
  5. ^ "RIDGEWOOD SAVINGS BANK PROMOTES PETER M. BOGER TO CHAIRMAN AND CHIEF EXECUTIVE OFFICER" (PDF). ridgewoodbank.com. Retrieved 5 February 2013.
  6. ^ "Executive Profile William C. McGarry". businessweek.com. Retrieved 5 February 2013.
  7. ^ "WALTER J. HESS, BANKER, 71, DEAD; Former Head of Ridgewood Savings Led Queens Bar". nytimes.com. Retrieved 5 February 2013.

External linksEdit