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Seamen's Savings Bank
Former bank in the United States / From Wikipedia, the free encyclopedia
Seamen's Savings Bank was a bank in the United States that served people in the maritime industry, especially seamen. It was founded in 1829 and operated until 1990, when it was seized by the U.S. Government for being insolvent and its assets were sold to Chase Bank.
Quick Facts Company type, Industry ...
![]() A Seamen's Bank for Savings branch in 1954 | |
Company type | Public |
---|---|
Industry | Banking |
Founded | May 11, 1829; 195 years ago (1829-05-11) |
Defunct | April 18, 1990; 34 years ago (1990-04-18) |
Fate | Seized by the U.S. government |
Successor | Chase Bank |
Headquarters | New York City, U.S. |
Products | Savings accounts, checking accounts, certificates of deposit, IRA accounts |
Total assets | $2.1 billion (1990) |
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