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Central Park Bank

From Central Park Historical Society Encyclopedia

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The Central Park National Bank - 4% Interest Paid - Quarterly On Special Interest Accounts - Commercial Accounts.

"The Bank Complete - All good things come to them who wait; but you must save while waiting if you would return the opportunity when it comes. A growing account with this bank will accomplish wonders and lead to more opportunities than endless ventures without capital." (Central Park News - Not dated) Officers of the bank were: Stephen J. Madden, President, William J. Ahern, Vice-President, and Edward C. Dienst, Cashier. Directors were: William J. Ahern, Frank Dupuis, Oscar Jacobs, Stephen J. Madden, Jeremiah W. Robinson, Harry V. Walton, Harry A. Stolz, Harry G. Wilson, Frank Zuk.

The Central Park Bank closed its doors on March 6, 1933 when FDR declared a Bank Holiday and never reopened. It is believed that depositors received 50% of their money.

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