Remastered Photograph Bowery Savings Bank New York City 1898 20170716
by Wingsdomain Art and Photography
Title
Remastered Photograph Bowery Savings Bank New York City 1898 20170716
Artist
Wingsdomain Art and Photography
Medium
Photograph - Remastered Photograph
Description
Remastered Photograph Bowery Savings Bank New York City 1898 20170716
The Bowery Savings Bank opened in 1834 at the site of what is now 128-130 Bowery in Manhattan. By 1980 it had over 35 branches located in the boroughs of Manhattan, Brooklyn, and Queens, as well as Nassau and Suffolk counties on Long Island. When bank deregulation was enacted the bank began to suffer losses as a result of rising savings account interest rates. By 1982 the bank was running out of cash; in 1985 the Federal Deposit Insurance Corporation (FDIC) arranged for the bank to be sold to Richard Ravitch and others. It was sold for $100 million and allowed to maintain a capital deficit of $220 million rather than pay out on the $5 billion in deposits. In 1992 it was sold to H. F. Ahmanson & Co for $200 million. The name was changed by 1992 to Home Savings of America. In 1995, Ahmanson sold their New York operations to Greenpoint Savings Bank. By 2004 Greenpoint had been sold to North Fork Bank, and in 2007 North Fork was sold to Capital One Bank. From 1972 to 1992, baseball Hall-of-Famer Joe DiMaggio was spokesman for the Bowery Savings Bank. -wikipedia
Remastered Art and Photography are professionally restored and enhanced to bring out the brilliance of the original art the way they were intended on the first day they were presented to the public. This type of art and photography would look terrific on a large canvas or framed print, and a print on any other media would look just as stunning!
www.wingsdomain.com
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July 16th, 2017
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