Philadelphia Savings Fund Society
First American savings bank, once a major Philadelphia financial institution.
Last updated August 25, 2026
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Overview
Founded in 1816, the Philadelphia Savings Fund Society (PSFS) was the first savings bank in the United States. It pioneered savings services for the general public and held an important place in Philadelphia's financial history. The institution later underwent mergers and transformations, eventually ceasing to exist as an independent entity.
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