Dime Savings Bank of New York
 | |
| Industry | Bank holding company |
|---|---|
| Founded | 1859 |
| Defunct | 2002 |
| Fate | Acquired by Washington Mutual and rebranded all of its locations to Washington Mutual banks |
| Successor | Washington Mutual, JPMorgan Chase |
| Headquarters | Brooklyn, New York City, New York, U.S. |
| Products | Financial services |
The Dime Savings Bank of New York, originally the Dime Savings Bank of Brooklyn, operated from 1859 to 2002. It should not be confused with the Dime Savings Bank of Williamsburgh, also headquartered in Brooklyn, New York City.
The bank's former headquarters building at 9 DeKalb Avenue at Fleet Street in the Civic Center area of Brooklyn was built in 1906-08 and was designed by Mowbray & Uffinger in the Classical Revival style. It was significantly enlarged by Halsey, McCormack & Helmer in 1931-32. The interior of the building is "remarkable"[1] and features large gilded Mercury-head dimes and twelve red marble columns supporting the rotunda; these were added in the 1931-32 expansion.[1][2] The building was designated a New York City Landmark on July 19, 1994.[3]
Dime was acquired by Washington Mutual in 2002, which subsequently failed in 2008. Dime was included in the assets that were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation after Washington Mutual was seized and placed in receivership. In December 2015, developers Michael Stern and Joe Chetrit completed purchasing the building for $90 million, having entered contract talks with JPMorgan Chase the previous summer. They plan to incorporate the landmark building into a new supertall skyscraper, using the 300,000 square feet of air-rights that come with the Dime Savings Bank property.[4]
References
Notes
- ^ a b White, Norval; Willensky, Elliot; Leadon, Fran (2010). AIA Guide to New York City (5th ed.). New York: Oxford University Press. ISBN 978-0-19538-386-7., p.588
- ^ New York City Landmarks Preservation Commission; Dolkart, Andrew S.; Postal, Matthew A. (2009). Postal, Matthew A. (ed.). Guide to New York City Landmarks (4th ed.). New York: John Wiley & Sons. ISBN 978-0-470-28963-1., p.240
- ^ Breiner, David. "Dime Savings Bank Designation Report" New York City Landmarks Preservation Commission (July 19, 1994)
- ^ Geiger, Daniel (December 23, 2015). "Developers close deal that allows Brooklyn's tallest tower". Crains New York. Retrieved February 18, 2016.
External links
Media related to Dime Savings Bank of New York at Wikimedia Commons
