tailieunhanh - Landmarks Preservation Commission August 9, 2011, Designation List 446 LP-2466

Following the publication of these results, banks with capital needs will have to submit recapitalisation plans. Moreover, those banks that cannot see through their recapitalisation without public aid will, in turn, have to submit restructuring plans. These plans shall be approved before the end of November in the case of banks in which the FROB has a stake, and before the end of December for the rest. In addition, for banks receiving State aid, it is envisaged that they will be obliged to transfer part of their impaired assets to an independent Asset Management Company (AMC) and to include in. | Landmarks Preservation Commission August 9 2011 Designation List 446 LP-2466 CITIZENS SAVINGS BANK 58 Bowery aka 54-58 Bowery 150 Canal Street Manhattan. Built 1922-24 architect Clarence W. Brazer. Landmark Site Borough of Manhattan Tax Map Block 202 Lot 18 in part consisting of the land underneath the 1922-24 building. On March 22 2011 the Landmarks Preservation Commission held a public hearing on the proposed designation as a Landmark of the Citizens Savings Bank and the proposed designation of the related Landmark Site Item No. 3 . The hearing had been duly advertised in accordance with the provisions of law. Four people spoke in favor of designation including representatives of the Historic Districts Council Bowery Alliance of Neighbors and New York Landmarks Conservancy. Summary The monumental Beaux-Arts style building at the southwest corner of the Bowery and Canal Street was designed in 1922 by the respected architect Clarence W. Brazer 1880-1956 for the Citizens Savings Bank and completed in 1924. Chartered by the State of New York in 1860 to provide banking services to the small depositor the Citizens Savings Bank moved to this location in 1862. The bank s business increased throughout the 19th century and by the 1920s bank officials determined that a larger building was required. During a two year period construction took place under around and over the existing building 1 to avoid disrupting daily operations of the bank. The Citizens Savings Bank is a fine example of the Beaux-Arts style bank building of the late 19th and early 20th century. Brazer s restrained interpretation of classical precedents conveyed a sense of financial strength and stability while not overwhelming the bank s depositors. Four monumental arched windows one now infilled provided natural light to the banking room. The street facades have Renaissance-inspired rusticated bases above which the windows are enframed by paired pilasters supporting an entablature in the Roman Doric order.

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