The Metropolitan Savings Bank Building opened on May 30, 1867,[2] at the northeast corner of Third Avenue and East 7th Street, in Manhattan, New York City. Its original address was 10 Cooper Institute (now 61 Cooper Square).[3] The building, which was designed by architect Carl Pfeiffer in Second Empire style,[4] is four stories high, 45 feet (14 m) wide and 75 feet (23 m) deep, and was considered at the time it opened to be one of the most finely constructed edifices, "from garret to basement." Its facades were composed of white marble, with the upper floor being enclosed by a mansard roof. The building was fireproof, as no combustible materials were used during construction, either internally or externally. The entire cost of the structure was $150,000.
Metropolitan Savings Bank | |
New York City Landmark No. 0183
| |
 2010 | |
| Location | 9 E. 7th St., New York, New York |
|---|---|
| Coordinates | 40°43′44″N 73°59′24″W / 40.72889°N 73.99000°W |
| Area | less than one acre |
| Built | 1867 |
| Architect | Pfeiffer, Carl |
| Architectural style | Second Empire |
| NRHP reference No. | 76001243[1] |
| NYCL No. | 0183 |
| Significant dates | |
| Added to NRHP | December 12, 1976 |
| Designated NYCL | November 19, 1969 |
The Metropolitan Savings Bank was chartered in New York in 1852. In 1935 the bank moved its headquarters from Cooper Square to 754 Broadway.[5] In 1942, it merged with the Manhattan Savings Institution (founded 1852) and the Citizens Savings Bank to form the Manhattan Savings Bank.[6] In 1990, Edmund Safra's Republic National Bank bought the Manhattan Savings Bank, and was in turn purchased by HSBC in 1999.[7][8]
The building was designated a New York City Landmark in 1969,[4] and was added to the National Register of Historic Place in 1979.
Interior design
editThe main hall was 53.5 feet (16.3 m) in length, and 36.83 feet (11.23 m) wide. Its height was 17.33 feet (5.28 m). Its acoustic properties were excellent.
Black walnut was used inside for building desks, chairs, and stairways. The office furniture evoked a simple design and reflected excellent taste The President's room, located behind the banking house proper, was less spacious, as offices were given the maximum space. Another feature of the interior was its immense safe.
Lessees
editThe fireproof construction of the Metropolitan Savings Bank enabled the rapid renting of any free space not used by the bank. The basement and cellar beneath it was leased for ten years to the Stuyvesant Safe Deposit Company. The floor just above the bank was leased by the United States Assessor of Internal Revenue.[2] The third floor, unlet when the building first opened, was rented for a decade by the Eastern Star Lodge of Freemasons.[citation needed]
Later uses
editIn 1937, the building was sold to the First Ukrainian Assembly of God, and it has been used since that time as a church, most recently by the First Ukrainian Evangelical Pentecostal Church.[4][9]
References
editNotes
- ^ "National Register Information System". National Register of Historic Places. National Park Service. March 13, 2009.
- ^ a b "Savings Banks". The New York Times. May 30, 1867. p. 6. Retrieved August 16, 2022.
- ^ "Metropolitan Savings Bank". The New York Times. January 11, 1867. p. 6. Retrieved August 16, 2022.
- ^ a b c 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.65
- ^ "Metropolitan Savings Bank - advertisement for new headquarters". Daily News. December 16, 1935. p. 36. Retrieved August 16, 2022.
- ^ Presa, Donald. "NOHO HISTORIC DISTRICT - Designation Report" (PDF). New York City Landmarks Preservation Commission. Retrieved August 16, 2022.
- ^ Stephen Miller (May 9, 2016). "Walter Weiner, Who Led Safra's Republic Bank, Dies at 85". Bloomberg.com.
Republic was the third-largest retail banking network in the New York region
- ^ The original $10.3B was reduced to $9.85 following a scandal that resulted in a $600mm settlement.
- ^ White, Norval & Willensky, Elliot (2000). AIA Guide to New York City (4th ed.). New York: Three Rivers Press. ISBN 978-0-8129-3107-5.
External links
edit
Media related to Metropolitan Savings Bank Building at Wikimedia Commons
