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Dollar Savings Bank

Coordinates:40°48′54″N73°55′8″W / 40.81500°N 73.91889°W /40.81500; -73.91889
From Wikipedia, the free encyclopedia
Bank in New York City (1890–2004)
This article is about a closed bank based in New York. For similarly named company, seeDollar Bank.

United States historic place
Dollar Savings Bank Headquarters
Intersection of 3rd Ave and E 147th St
Dollar Savings Bank is located in New York City
Dollar Savings Bank
Location of Dollar Savings Bank inNew York City
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Dollar Savings Bank is located in New York
Dollar Savings Bank
Dollar Savings Bank (New York)
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Dollar Savings Bank is located in the United States
Dollar Savings Bank
Dollar Savings Bank (the United States)
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Location2792 3rd Ave,the Bronx
Coordinates40°48′54″N73°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

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

History

[edit]

Dollar Savings Bank of New York was formed on June 23, 1890,[3] of possibly 1887, founded by John Haffen.[4]

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

On February 21, 1992, the bank and its 21 branches were seized by theNew York State Banking Department with theFederal Deposit Insurance Corporation named as receiver.Emigrant Savings Bank bought 20 of the branches and the Flushing branch was purchased byApple Bank.[3][5]

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

References

[edit]
  1. ^ab"National Register of Historic Places listings for May 6, 2011".National Park Service. May 6, 2011.
  2. ^abLandmarks Preservation Commission."(Former) Dollar Savings Bank"(PDF). City of New York. Archived fromthe original(PDF) on June 4, 2011. RetrievedSeptember 3, 2014.
  3. ^abc"Institution History for DOLLAR DRY DOCK BANK (26103)".Federal Financial Institutions Examination Council.
  4. ^https://web.archive.org/web/20110604111307/http://www.nyc.gov/html/lpc/downloads/pdf/reports/dollarbankBx.pdf
  5. ^QUINT, MICHAEL (February 22, 1992)."Dollar Dry Dock Bank Shut".The New York Times.
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