80:, the bank was reputed to be a bellwether of the nation's prosperity. It held more than $ 11 million and boasted the largest number of working-class depositors in New York state. Following a fire that badly damaged the building, the bank moved on August 15, 1894, from Bleecker to 280 Fourth Avenue at 22nd Street . A large white marble Romanesque structure was designed by
64:, explained the charitable impetus behind the entity's formation: "Among the many philanthropic institutions with which your country abounds, there is none that appears to me more likely to be useful than Savings Banks. They are certainly most admirably calculated to be beneficial to the poor, by promoting among them a spirit of independence, economy and industry."
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The Bank for
Savings in the City of New-York was the fourth bank to be opened in the United States and the first savings bank in Manhattan. It was founded in 1816, although it was not incorporated by the New York State Legislature until March 16, 1819. First publicly advertised as "A Bank for the
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in August 1963, becoming the New York Bank for
Savings. The merger allowed the combined bank to open more branches, as savings banks in New York were typically limited to five branches, but savings banks created from the merger of multiple banks were allowed to have as many branches as their
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Poor", it was modeled after similar institutions in Europe; its stated purpose was to "effect a secure place of deposit for the earnings of the laboring part of the community: and at the same time to give them the benefit of an accumulation of interest". " One of the bank's founders,
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The bank's first location was at
Chambers Street. The site became famous as the venue where the first Egyptian mummy was displayed in the United States in 1824. The bank moved to Bleecker Street on April 10, 1856, and became familiarly known as the Bleecker Street Savings Bank.
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A History of
Savings Banks in the United States from their Inception in 1816 down to 1874. With discussions of their theory, practical workings and incidents, present condition and prospective development
342:
157:
It merged with the
Buffalo Savings Bank in 1982 and its name was subsequently changed to Goldome. It failed in 1991, along with a number of other banks, and is no longer in existence.
315:"Building on Fourth Avenue, Marked Change in the Thoroughfare's Character, The New Bank for Savings and Other Features of the Movement". New York: The Herald. February 12, 1894.
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363:"New York Savings Bank And Bank for Savings Plan to Merge Aug. 19: FDIC Approves Creation of Fourth Largest Savings Bank Despite Justice Unit Hostility".
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227:"Merritt Trimble, Banker, is Dead, Was President of the Bank for Savings and a Noted Financier". New York: New York Herald. February 13, 1903.
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327:"2 Savings Banks Ready to Merge; F.D.I.C. Approves Plans of the Bank for Savings and New York Savings Question Noted Tabled on Wednesday"
141:. Although many credit Eddy with founding the institution, Bayard served as the bank's first president. Other famous directors included
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predecessors did. The New York Bank for
Savings was allowed to have 10 branches, and its tenth branch opened in 1966.
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in New York City. Founded in 1816, it was first advertised as "a bank for the poor". It was merged with the
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The
Greatest Street in the World: The Story of Broadway, Old and New, from the Bowling Green to Albany
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293:"Big Crowd, Few Police". New York: New York Herald. November 6, 1895.
240:"An In-depth Analysis of New England Mutual Savings Banks, 1870–1914"
304:"Laboring Classes". New York: Long Island Farmer. May 31, 1864.
275:"The Lost Bleecker Street Savings Bank – 67 Bleecker Street"
448:"Personal". New York: Buffalo Daily Courier. June 16, 1874.
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in 1982. It failed in 1991 and is no longer in existence.
145:, a prominent soldier and philanthropist; and politician
84:. Later headquarters were located on Park Avenue South.
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History of the Bank for
Savings in the City of New York
198:"The Beautiful, Ornate Bank Buildings Of Old New York"
395:"Bank for Savings Opens Its Tenth Office in City"
238:Jaremski, Matthew & Plastaras, Brady (2015).
27:First savings bank in New York City (1819–1982)
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105:Among its founders and first directors were
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32:Bank for Savings in the City of New-York
277:. Daytonian in Manhattan. July 3, 2017.
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34:(1819–1982) was one of the earliest
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523:Defunct banks of the United States
92:The Bank for Savings acquired the
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244:Economics Faculty Working Papers
461:"The New York Bank for Savings"
263:. Bradford Rhodes. p. 309.
182:. New York: Putnam. p. 48.
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528:Banks disestablished in 1982
518:Banks based in New York City
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367:. 12 Aug 1963. p. 8.
36:banks in the United States
513:Banks established in 1819
431:Knowles, Charles (1936).
257:Emerson W. Keyes (1876).
176:Jenkins, Stephen (1911).
143:Frederic James de Peyster
18:New York Bank for Savings
365:The Wall Street Journal
139:Brockholst Livingston
123:Cadwallader D. Colden
94:New York Savings Bank
44:Buffalo Savings Bank
488:. 10 September 2005
459:US Bank Locations.
82:Cyrus L. W. Eidlitz
486:Forgotten New York
399:The New York Times
331:The New York Times
135:Peter Augustus Jay
111:William Bayard Jr.
196:Comoletti, Jill.
101:Notable directors
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401:. 1966-01-09.
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127:John Pintard
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40:savings bank
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246:. Paper 44.
107:Thomas Eddy
76:During the
62:Thomas Eddy
507:Categories
417:2023-04-28
349:2023-04-27
161:References
492:March 20,
466:March 20,
407:0362-4331
381:132818867
373:0099-9660
339:0362-4331
207:March 20,
78:Civil War
72:Civil War
411:Archived
377:ProQuest
343:Archived
55:Founding
50:History
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153:Demise
88:Merger
494:2018
468:2018
403:ISSN
369:ISSN
335:ISSN
209:2018
137:and
30:The
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