Dime Savings Bank of New York

Dime Savings Bank of New York
Dime Savings Bank of New York
Dime Bancorp, Inc.
Industry Bank holding company
Fate Acquired by Washington Mutual and rebranded all of its locations to Washington Mutual banks
Successor Washington Mutual
Founded 1859
Defunct 2002
Headquarters Brooklyn, New York City, New York, U.S.
Products Financial services

The Dime Savings Bank of New York, originally Dime Savings Bank of Brooklyn operated from 1859 to the late 20th century. It is not to be confused with Dime Savings Bank of Williamsburgh, also in Brooklyn. The bank's former building at 9 DeKalb Avenue in Downtown Brooklyn, now owned by Chase, is a New York City Landmark.

Dime Savings Bank of Brooklyn, 9 DeKalb Avenue

The well-traveled executive, Richard Parsons, served as President and Chief Operating Officer of Dime during the Savings and Loan Crisis when it was called Dime Savings Bank of New York, FSB from 1988 to 1990 and Chief Executive Officer from January 1991 to 1995. Simultaneously, he served as Chairman of the Board and CEO of its parent, Dime Bancorp Inc. from 1990 to 1994.[1]

Dime was acquired by Washington Mutual in 2002.


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