1925

Emigrant Industrial Savings Bank

1925 — First Branch Opened

The bank establishes its first branch next to Grand Central Station in midtown Manhattan, reflecting the northward shift of New York's commercial center.

Source: Encyclopedia.com, "Emigrant Savings Bank" — https://www.encyclopedia.com/books/politics-and-business-magazines/emigrant-savings-bank

Quote: "The bank established its first branch in 1925, next to Grand Central Station in midtown Manhattan, which had replaced lower Manhattan as the commercial heart of the city." — Encyclopedia.com