The Dime Savings Bank of New York, originally the Dime Savings Bank of Brooklyn, was an American bank headquartered in Brooklyn, New York City. It operated from 1859 to 2002.
The bank was formerly headquartered at 9 DeKalb Avenue, built in 1906–08 in Downtown Brooklyn. Dime was acquired by Washington Mutual in 2002, which subsequently failed in 2008 and was acquired by JPMorgan Chase, which currently owns all former Dime assets.
History
The Dime Savings Bank of Brooklyn was chartered in 1859; its name referenced the fact that clients could originally create an account with as little as a dime.[1][2] The bank's home office moved several times in the late 19th century as the city of Brooklyn grew.[2][3]