Ridgewood Savings Bank is the largest mutual savings bank in

New York State New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. stat ...

and was founded in 1921. It operates 35 branches across

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

's five boroughs, Long Island and

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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 neighborhoods of Maspeth, Middle Village and Glendale, as well as the Brooklyn neighborhoods of Bushwick and East Williamsburg. Historically, the neighborhood st ...

decided to form a mutual savings bank to serve the needs of the community. The Bank's first headquarters was a converted

Taproom Bar or BAR may refer to: Food and drink * Bar (establishment), selling alcoholic beverages * Candy bar * Chocolate bar Science and technology * Bar (river morphology), a deposit of sediment * Bar (tropical cyclone), a layer of cloud * Bar ...

located at the intersection of Myrtle and Forest Avenues. In 1929, the

cornerstone The cornerstone (or foundation stone or setting stone) is the first stone set in the construction of a masonry foundation. All other stones will be set in reference to this stone, thus determining the position of the entire structure. Over tim ...

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. The building is located at the intersection of

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

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 New York City agency charged with administering the city's Landmarks Preservation Law. The LPC is responsible for protecting New York City's architecturally, historically, and cu ...

. 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 *Landmarks Preservation Commission 1921 establishments in New York City Ridgewood, Queens