Wilmington Savings Fund Society (Wilmington, Del.)
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Wilmington Savings Fund Society (Wilmington, Del.)
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Wilmington Savings Fund Society (Wilmington, Del.)
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Biographical History
The Wilmington Savings Fund Society was established in 1831 as a "safe depository for the earnings of working people" which also promoted the opportunity for homebuilding and lending money for home mortgages. In 1832 the mutual savings bank was granted a state charter. It had no stockholders and its depositors received all profits earned. The bank grew steadily during the 19th century moving to a new headquarters building on Ninth and Market Streets in 1855. During the 1920s it began establishing branches in suburban areas, Dover, and Newark. In 1938 it became a state chartered savings bank with deposits insured by the FSLIC.
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Subjects
Banks and banking
Delaware
Delaware
Financial institutions
Housing finance
Mortgage banks
Mortgages
Saving and investment
Savings accounts
Savings and loan associations
Savings banks
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Wilmington (Del.)
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Delaware
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