Ridgewood Savings Bank is the largest

mutual savings bank A mutual savings bank is a financial institution chartered by a central or regional government, without capital stock, owned by its members who subscribe to a common fund. From this fund, claims, loans, etc., are paid. Profits after deductions ...

New York State New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and ...

and was founded in 1921. It operates 36 branches across

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

five boroughs 5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. Humans, and many other animals, have 5 digits on their limbs. Mathematics 5 is a Fermat pri ...

Long Island Long Island is a densely populated continental island in southeastern New York (state), New York state, extending into the Atlantic Ocean. It constitutes a significant share of the New York metropolitan area in both population and land are ...

and

Westchester County Westchester County is a county located in the southeastern portion of the U.S. state of New York, bordering the Long Island Sound and the Byram River to its east and the Hudson River on its west. The county is the seventh most populous cou ...

History

Ridgewood Savings 70th Rd Forest Hills jeh

The bank was chartered as Savings Bank of Ridgewood on June 18, 1921. It began when 14 local businessmen in

Ridgewood, Queens Ridgewood is a neighborhood in the New York City borough of Queens. It borders the Queens neighborhoods of Maspeth to the north, Middle Village to the east, and Glendale to the southeast, as well as the Brooklyn neighborhoods of Bushwick to ...

decided to form a mutual savings bank to serve the needs of the community. The Bank's first headquarters was a converted Taproom located at the intersection of Myrtle and Forest Avenues. In 1929, the

cornerstone A cornerstone (or foundation stone or setting stone) is the first stone set in the construction of a masonry Foundation (engineering), foundation. All other stones will be set in reference to this stone, thus determining the position of the entir ...

was laid for a new headquarters at the same site and the name was changed from Savings Bank of Ridgewood to Ridgewood Savings Bank. The building architects were Halsey, McCormack and Helmer, Inc. and the general contractors were Stamarith Construction Corporation. In 1940, the bank opened its first branch office, in

Forest Hills, Queens Forest Hills is a neighborhood in the central portion of the borough of Queens in New York City. It is adjacent to Corona to the north, Rego Park and Glendale to the west, Forest Park to the south, Kew Gardens to the southeast and Flushing ...

. The building is located at the intersection of

Queens Boulevard Queens Boulevard is a major thoroughfare connecting Midtown Manhattan, via the Queensboro Bridge, to Jamaica in Queens, New York City, United States. It is long and forms part of New York State Route 25. Queens Boulevard runs northwest to ...

and 108th Street, and was designated a New York City Landmark in 2000 by the

New York City Landmarks Preservation Commission The New York City Landmarks Preservation Commission (LPC) is the Government of New York City, New York City agency charged with administering the city's Historic preservation, Landmarks Preservation Law. The LPC is responsible for protecting Ne ...

. In 2007, City and Suburban Bank joined Ridgewood Savings, increasing the number of branches by 12.

List of presidents

*Rudolph Stutzmann, 1921–1946 *Herman Ringe, 1946–1948 *Walter J. Hess, 1948–1971 *William A. McKenna Jr., 1992–2003 *William C. McGarry, 2004–2012 *Peter M. Boger, 2012–2018 *Leonard Stekol, 2018–present

References

External links

Official Site
{{Authority control Companies based in New York (state) Banks established in 1921 Mutual savings banks in the United States Banks based in New York City New York City Designated Landmarks in Queens, New York 1921 establishments in New York City Ridgewood, Queens