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Philadelphia Savings Fund Society Bank

Philadelphia Savings Fund Society Bank - Philadelphia, Pennsylvania
Philadelphia Savings Fund Society Bank
1200 Market Street, Philadelphia, PAMap
+1 215 627 1200
Neighborhood: Center City
Overview

Established in 1816, the Philadelphia Savings Fund Bank was the first savings bank to do business in the United States. By the 20th Century, the PSFS had attracted the largest amount of depositors anywhere in the country. With such great success, the bank had begun to outgrow itself, thus needing a new space to call home. In the 1920's, the PSFS made a monumental move and commissioned the most modern skyscraper of its time. Completed in 1932, the 30-story skyscraper was constructed using the finest materials and innovations including granite and marble throughout the interior of the building and a limestone covered tower on the exterior. Now revered as the first American skyscraper, the PSFS is one of the most recognizable landmarks in the city. Although the bank eventually went under in the early 1990's, the building has maintained its historic place (including the famous PSFS sign atop the building) and is now the Loews Philadelphia Hotel.

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