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The Philadelphia Savings Fund Society (PSFS), originally called the Philadelphia Saving Fund Society, was a savings bank headquartered in Philadelphia, Pennsylvania, United States. PSFS was founded in December 1816, the first savings bank to organize and do business in the United States.
By Alyssa Ribeiro. Philadelphia Saving Fund Society, known as PSFS, was the first savings bank in the United States, founded in 1816. For most of its history, PSFS emphasized practicality in its operations, architecture, and community orientation.
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It was built for the Philadelphia Saving (later Savings) Fund Society in 1932 and was designed by architects William Lescaze and George Howe. The skyscraper's design was a departure from traditional bank and Philadelphia architecture, lacking features such as domes and ornamentation.
May 19, 2016 · The Philadelphia Saving Fund Society was founded in 1816 as the nation’s first operational savings bank, and by 1830, one in 10 Philadelphians had a PSFS account.
- Danya Henninger
The Philadelphia Saving Fund Society (PSFS), founded in 1816, experienced decades of success by helping Philadelphia's working class save money, and in 1868 PSFS commissioned the architectural firm Sloan & Hewitt to build a larger headquarters building on the corner of Walnut and Seventh Streets.
Mar 29, 2021 · The developer of the skyscraper was the Philadelphia Savings and Fund Society, which still has their iconic initials attached to the east and west sides of the blue crown above the main roof. PSFS Hotel construction. Image from phillyhistory.org.
May 19, 2016 · This year marks the 200th anniversary of the the oldest savings fund bank in the country, the Philadelphia Savings Fund Society. While the bank shut down in 1992, its iconic skyscraper...
