Call Number:

30

Repository:

Germantown Historical Society

Extent:

10.0 linear feet

Language:

English

Date:

1860-1951 (inclusive)

Creator:

Saving Fund Society of Germantown and its Vicinity (Philadelphia, Pa.).

Abstract:

The Saving Fund Society of Germantown and its Vicinity was founded in 1854 in the Germantown Section of Philadelphia. At the outset, the Saving Fund Society of Germantown set out to be more than a money-making and money-lending institution--its founders wished to help the working classes accumulate sufficient funds to purchase homes or pay for financial emergencies. The Society changed its name to Germantown Savings Bank in 1987, and later merged into Corestates Bank. Corestates was absorbed into another bank, which itself was absorbed and renamed several times thereafter. The Saving Fund Society of Germantown and its Vicinity records, 1860-1951, is comprised of about 43 volumes of financial transactions and account books, 1860-1951; a small quantity of loose early records, circa 1874; and seven atlases of Philadelphia.

The Saving Fund Society of Germantown and its Vicinity was founded in 1854 in the Germantown Section of Philadelphia. It was organized by Samuel Buckley Morris (1791-1859), a member of the Religious Society of Friends (Quakers). At the outset, the Saving Fund Society of Germantown set out to be more than a money-making and money-lending institution--its founders wished to help the working classes accumulate sufficient funds to purchase homes or pay for financial emergencies (Hotchkin 338).

The Saving Fund Society of Germantown moved its headquarters to Bala Cynwyd, Pennsylvania in 1970. In 1987 the Society changed its name to Germantown Savings Bank and changed its organization type to stock savings bank. In 1994 it merged into Corestates Bank. Corestates was absorbed into another bank, which itself was absorbed and renamed several times thereafter.

Bibliography:

Hotchkin, Samuel Fitch. Ancient and Modern Germantown, Mount Airy and Chestnut Hill. Philadelphia: P. W. Ziegler & Co., 1889.

This collection is comprised of about 43 volumes of financial transactions and account books, 1860-1951; a small quantity of loose early records, circa 1874; and seven atlases of Philadelphia. The 43 volumes include various types of records, such as: deposits, expense accounts, daily cash settlements, interest maturing, signature book, summary of bonds, investments, index to depositors, interest account book, depositors ledger. The small quantity of loose early records include charters and supplements dating from around 1874. Of the seven atlases, five are published by G. W. Bromley & Co., and two are by Elvino V. Smith.