Dollar Savings Bank

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

This article is about a closed bank based in New York. For similarly named company, see Dollar Bank.
Dollar Savings Bank Headquarters
NYC Landmark No. 425
Intersection of 3rd Ave and E 147th St
Location in New York City
Dollar Savings Bank (New York)
Dollar Savings Bank (the United States)
Location2792 3rd Ave, the Bronx
Coordinates40°48′54″N 73°55′8″W
ArchitectRenwick, Aspinwall & Tucker[1]
Architectural styleClassical Revival[1]
NRHP reference No.11000228[2]
NYCL No.425
Significant dates
Added to NRHPApril 27, 2011
Designated NYCLJanuary 12, 2010

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

References
  1. Landmarks Preservation Commission. "(Former) Dollar Savings Bank" (PDF). City of New York. Archived from the original (PDF) on June 4, 2011. Retrieved September 3, 2014.
  2. "National Register of Historic Places listings for May 6, 2011". National Park Service. May 6, 2011.
  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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