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Founded in 1816, the Philadelphia Saving Fund Society was the first savings bank to organize and do business in the United States. [2] [3] Savings banks had existed in Europe for years and in the early 1810s had grown rapidly through Great Britain.
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In March 1987, the company expanded into the state of Colorado through the acquisition of the insolvent two-office First Security Savings & Loan Association of Grand Junction, Colorado. [12] In October 1987, Great American expanded into the Pacific Northwest through the acquisition of Capital Savings Bank of Olympia, Washington. At the time of ...
The Bank for Savings in the City of New-York (1819–1982) was one of the earliest banks in the United States and the first savings bank in New York City. Founded in 1816, it was first advertised as "a bank for the poor". It was merged with the Buffalo Savings Bank in 1982. [1] It failed in 1991 and is no longer in existence. [2]
The Provident Institution for Savings was originally chartered by the State of New Jersey in 1839, becoming the first mutual savings bank in the history of the state. [2] [3] The first President was John F. Ellis from 1839 to 1841. [4] Co-founder Dudley S. Gregory became President in 1841 and held the job until his retirement in 1874. [2]
West Coast Mutual Savings Bank, Centralia, Washington, 1996; Metropolitan Bancorp, Seattle, November 29, 1996 [3] United Savings and Loan Bank (4 branches, based in Seattle) for $65 million in 2003. Founded on July 6, 1960, it was the first savings and loan owned by Asian Americans. [4] First Mutual Bank, Bellevue, Washington, 2008 [5]
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