Dime Savings Bank of New York
Encyclopedia
The Dime Savings Bank of New York, originally Dime Savings Bank of Brooklyn operated from 1859 to the late 20th century. It is not to be confused with Dime Savings Bank of Williamsburgh
, also in Brooklyn. The bank's former building at 9 DeKalb Avenue
in Downtown Brooklyn
, now owned by Chase
, is a New York City Landmark.
The well-traveled executive, Richard Parsons, served as President and Chief Operating Officer of Dime during the Savings and Loan Crisis
when it was called Dime Savings Bank of New York, FSB from 1988 to 1990 and Chief Executive Officer from January 1991 to 1995. Simultaneously, he served as Chairman of the Board and CEO of its parent, Dime Bancorp Inc. from 1990 to 1994.
Dime was acquired by Washington Mutual
in 2002.
Dime Savings Bank of Williamsburgh
Dime Savings Bank of Williamsburgh is a financial institution located in Brooklyn, New York. Its primary products are savings accounts, checking accounts, and real estate loans...
, also in Brooklyn. The bank's former building at 9 DeKalb Avenue
DeKalb Avenue
DeKalb Avenue is a street in the New York City boroughs of Brooklyn and Queens, with the majority of its length in Brooklyn. It runs from Woodward Avenue in Ridgewood, Queens to Fulton Street in Downtown Brooklyn...
in Downtown Brooklyn
Downtown Brooklyn
Downtown Brooklyn is the third largest central business district in New York City , and is located in the northwestern section of the borough of Brooklyn...
, now owned by Chase
Chase (bank)
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...
, is a New York City Landmark.
The well-traveled executive, Richard Parsons, served as President and Chief Operating Officer of Dime during the Savings and Loan Crisis
Savings and Loan crisis
The savings and loan crisis of the 1980s and 1990s was the failure of about 747 out of the 3,234 savings and loan associations in the United States...
when it was called Dime Savings Bank of New York, FSB from 1988 to 1990 and Chief Executive Officer from January 1991 to 1995. Simultaneously, he served as Chairman of the Board and CEO of its parent, Dime Bancorp Inc. from 1990 to 1994.
Dime was acquired by Washington Mutual
Washington Mutual
Washington Mutual, Inc. , abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008....
in 2002.