Dollar Savings Bank

Dollar Savings Bank Headquarters
Intersection of 3rd Ave and E 147th St
Location in New York City
Dollar Savings Bank (New York)
Dollar Savings Bank (the US)
Location 2792 3rd Ave, the Bronx
Coordinates 40°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
Architect Renwick, Aspinwall & Tucker[1]
Architectural style Classical Revival[1]
NRHP reference # 11000228[2]
NYCL # 425
Significant dates
Added to NRHP April 27, 2011
Designated NYCL January 12, 2010

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

History

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 was listed on the National Register of Historic Places.[2]

References

  1. 1 2 Landmarks Preservation Commission. "(Former) Dollar Savings Bank," (PDF). City of New York. Retrieved September 3, 2014.
  2. 1 2 "National Register of Historic Places listings for May 6, 2011". National Park Service. May 6, 2011.
  3. 1 2 3 "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.
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