Sunday, August 5, 2007

The American Way

While some people are beginning to bemoan the bankification (the proliferation of store-front branches of the major banks -- Chase, Citi, Washington Mutual -- in the heavily populated neighborhoods) of New York, the trend really began almost twenty years ago with the closings and consolidation of the small savings banks.
(the proliferation of store-front branches of the major banks -- Chase, Citi, Washington Mutual -- in the heavily populated neighborhoods) of New York, the trend really began almost twenty years ago with the closings and consolidation of the small savings banks.

The American Savings Bank's assets were purchased by the Ridgewood Savings Bank (whose building in Forest Hills has its own broken clock)in 1992 and then liquidated in 1995. I guess they ran out money trying to fix all these clocks.



American Savings Bank
First Avenue at 14th Street
















American Savings Bank
20 Union Square East
at 15th Street
Landmark



















American Savings Bank
15th Street at Union Square
flipside








Just to confuse you further, this building was the original site for the Union Square Savings Bank, created in 1924 by Henry Bacon, the designer of the Lincoln Memorial in Washington, DC. The building is now the home of the Daryl Roth Theatre.














American Savings Bank
335 Broadway
Broken









(the proliferation of store-front branches of the major banks -- Chase, Citi, Washington Mutual -- in the heavily populated neighborhoods) of New York, the trend really began almost twenty years ago with the closings and consolidation of the small savings banks.

The American Savings Bank's assets were purchased by the Ridgewood Savings Bank (whose building in Forest Hills has its own broken clock)in 1992 and then liquidated in 1995. I guess they ran out money trying to fix all these clocks.



American Savings Bank
First Avenue at 14th Street
















American Savings Bank
20 Union Square East
at 15th Street
Landmark



















American Savings Bank
15th Street at Union Square
flipside








Just to confuse you further, this building was the original site for the Union Square Savings Bank, created in 1924 by Henry Bacon, the designer of the Lincoln Memorial in Washington, DC. The building is now the home of the Daryl Roth Theatre.














American Savings Bank
420 Park Avenue South