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Dollar Savings Bank

Bank in New York City (1890–2004) From Wikipedia, the free encyclopedia

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

Location2792 Third Avenue, Bronx, New York, U.S.
Coordinates40°48′54″N 73°55′8″W
ArchitecturalstyleClassical Revival[1]
Quick facts Location, Coordinates ...
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 within New York City
Dollar Savings Bank is located in New York
Dollar Savings Bank
Location within New York
Dollar Savings Bank is located in the United States
Dollar Savings Bank
Location within the United States
Location2792 Third Avenue, Bronx, New York, U.S.
Coordinates40°48′54″N 73°55′8″W
ArchitectRenwick, Aspinwall & Tucker[1]
Architectural styleClassical Revival[1]
NRHP reference No.11000228[2]
NYCL No.2370
Significant dates
Added to NRHPApril 27, 2011
Designated NYCLJanuary 12, 2010
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History

Dollar Savings Bank of New York was formed on June 23, 1890,[3] or possibly 1887, founded by John Haffen.[1]

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.[3][4]

In 2011, the headquarters building in the Bronx was listed on the National Register of Historic Places.[2][5] In 2024, the Dollar Savings Bank Building on Grand Concourse was listed on the NRHP.[6]

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