Seamen's Savings Bank

Seamen's Savings Bank
Company typePublic
IndustryBanking
FoundedMay 11, 1829 (1829-05-11)
DefunctApril 18, 1990 (1990-04-18)
FateSeized by the U.S. government
SuccessorChase Bank
HeadquartersNew York City, U.S.
ProductsSavings accounts, checking accounts, certificates of deposit, IRA accounts
Total assets$2.1 billion (1990)

Seamen's Savings Bank was a bank in the United States that served people in the maritime industry, especially seamen. It was founded in 1829 and operated until 1990, when it was seized by the U.S. Government for being insolvent and its assets were sold to Chase Bank.


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