Rochester Savings Bank Overview and History

Rochester Savings Bank has a rich history that spans over two centuries. Founded in 1819, it's one of the oldest banks in the United States.

The bank's early years were marked by a focus on serving the local community, with a mission to provide financial services to the people of Rochester and surrounding areas. This commitment to community banking has remained a core part of the bank's identity to this day.

Rochester Savings Bank has evolved over the years to meet the changing needs of its customers, while still maintaining its strong roots in the community.

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Rochester Savings Bank is a historic bank building located in Rochester, New York.

It's a four-story, "V" shaped structure made from Kato stone from Minnesota, designed by McKim, Mead and White and built in 1927.

The building's interior features murals painted by noted artist Ezra Winter.

The building was listed on the National Register of Historic Places in 1972.

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Rochester Historic Ventures acquired the building in 2011, aiming to return it to public use.

In 2012, Rochester Institute of Technology (RIT) announced plans to create a Center for Urban Entrepreneurship in the building.

RIT spent $3-5 million on renovations, transforming the building into a multidisciplinary center and multiuse venue for students.

The Center for Urban Entrepreneurship by RIT finally opened in the building in 2016 after a lengthy renovation.

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Rochester Savings Bank has a rich history dating back to 1831, when it was established as the first savings bank west of Albany, New York.

The bank has undergone several moves over the years, with its first own building on State Street opening in 1842, followed by a second building on Main and Fitzhugh Streets in 1857, and finally its current building in 1927.

Notable former board members have included Colby Chandler, Marion B. Folsom, and Joseph C. Wilson, who have contributed significantly to the bank's growth and development.

Notable former employees have included Abraham M. Schermerhorn and George Eastman, who have made lasting impacts in their respective fields.

The bank's history is marked by significant milestones, including its establishment as a savings bank and its subsequent moves to new buildings.

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