BALTIMORE MARYLAND, PROVIDENT SAVINGS BANK Building Exterior, Interior, 1905 UDB

Description: This bank was founded as the Provident Savings Bank of Baltimore in 1886 with the exalted purpose of “cultivating habits of thrift and prudence among the wage-earning classes,” the bank opened six branches throughout the city that year, at locations convenient to the working person. The idea of branch banking, however, was the brainchild of John Marshall, a Portuguese ex-sailor who worked as a janitor at the Friends Gospel Mission in South Baltimore. In 1884 he suggested to the managers of the Mission that the men who frequented the Mission’s Reading Room be encouraged to deposit small amounts of money with the manager on Saturday evenings. The manager, in turn, would deposit the total in a local savings bank on Monday morning. The first evening $11.55 was collected and the system continued until 1886 when the Maryland General Assembly granted Provident Savings Bank its charter. The building, which now houses the central offices, was built in 1904 on the site of the old Saratoga Hotel. The imposing building, appropriately designed by Joseph Evans Sperry to suggest an old treasure chest, is the home of Provident Savings Bank, the father of branch banking among mutual savings banks of the nation (not necessarily the building on this image but could be). The interior, once a lofty space with an 83-foot-high ceiling, has been filled over the years with three additional floors to accommodate the bank’s growth. Provident now has over 143 branches, including the six original ones, in the Middle Atlantic States. Historicalmarkerproject This an uncredited UDB, that is in good overall condition. The upper right corner is bent, the upper and lower left are rounded. There are some creases on the reverse, but it is a presentable card. The image is clean and clear as is the reverse. The colors on the card may vary due to the scanner settings and screen projections.Unless otherwise noted, I use Wikipedia, Playle's and Metropostcard for research and try to be as accurate as possible. Corrections appreciated. If this your card, it will be mailed promptly upon receipt of payment...... Free Shipping WorldWide.Thank you for your interest and I hope that I can help you with your collection..... Life and History on a Card",,,,Visit My eBay Store: HartsCardCart

Price: 11.99 USD

Location: Boston, Massachusetts

End Time: 2025-02-03T03:49:08.000Z

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