Dollar Savings Bank

This article is about a closed bank based in New York. For similarly named company, see Dollar Bank.

Dollar Savings Bank Headquarters
U.S. National Register of Historic Places
New York City Landmark  No. 2370
Intersection of 3rd Ave and E 147th St
Location of Dollar Savings Bank in New York City Show map of New York City Dollar Savings Bank (New York) Show map of New York Dollar Savings Bank (the United States) Show map of the United States
Location	2792 3rd Ave, the Bronx
Coordinates	40°48′54″N73°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 No.	11000228 [2]
NYCL No.	2370
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] of 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]

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" (PDF). 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 .