A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from April 02, 2006
“America’s Labor Bank” (Amalgamated Bank)
The Amalgamated Bank started in New York City in 1923 and is a true labor bank. It was started by Sidney Hillman of the Amalagamated Clothing Workers of America.

http://www.amalgamatedbank.com/site/about_history.html
Amalgamated Bank's History

For over eighty years, Amalgamated Bank has been providing financial services to working people. The Bank first opened its doors in New York on April 14, 1923. Under the leadership of Sidney Hillman, the Amalgamated Clothing Workers of America had invested $300,000 to launch the union bank.

Since our inception during an era when most banks served only businesses and wealthy individuals, it has been the goal of Amalgamated Bank to serve as America's Labor Bank. The Bank's report for 1926 noted that "the outstanding feature of the Bank's loan operations has been its service to small borrowers who are unable to furnish real estate or securities as collateral." In addition to breaking ground by offering unsecured installment loans to working people, the Bank also moved quickly to implement a foreign funds transfer system to enable immigrant workers to send money to their families overseas.

The Bank grew as it built its reputation for fair-dealing and professional service. Two years after opening, Amalgamated Bank moved from its original location on East 14th Street to the current site of the bank's headquarters at 15 Union Square, the former home of Tiffany & Company. A 1929 history of the U.S. labor banking movement published by Princeton University reported that the Bank's policies were "cautious and yet progressive," predicting that "[w]ith the continuance of the confidence which both the bank and the present union administration have enjoyed, the Amalgamated Bank will become all the more the outstanding labor bank."

As the only fully union-owned U.S. bank still in operation, Amalgamated Bank remains firmly committed to its role as partner to the labor movement in the twenty-first century. In order to provide services more broadly, the bank has opened branch operations in new locations in New York, as well as New Jersey, Washington, D.C. and, most recently, in California. All of the branches offer the free checking accounts that were first established by Amalgamated Bank in 1973, as well as a full line of individual and commercial banking services.

22 July 1980, New York Times, pg. A19 ad:
A message from America's Labor Bank:
(...)
AMALGAMATED BANK
OF NEW YORK

(Trademark)
Word Mark AMALGAMATED BANK
Goods and Services IC 036. US 102. G & S: Banking Services. FIRST USE: 19230400. FIRST USE IN COMMERCE: 19230400
Mark Drawing Code (1) TYPED DRAWING
Design Search Code
Serial Number 73417386
Filing Date March 15, 1983
Current Filing Basis 1A
Original Filing Basis 1A
Published for Opposition September 4, 1984
Registration Number 1507479
Registration Date October 4, 1988
Owner (REGISTRANT) Amalgamated Bank of New York, The CORPORATION NEW YORK 11-15 Union Sq. New York NEW YORK 10003
Assignment Recorded ASSIGNMENT RECORDED
Attorney of Record DONALD A. KAUL
Disclaimer NO CLAIM IS MADE TO THE EXCLUSIVE RIGHT TO USE "BANK" APART FROM THE MARK AS SHOWN
Type of Mark SERVICE MARK
Register PRINCIPAL-2(F)
Affidavit Text SECT 15. SECT 8 (6-YR).
Other Data SUBJECT TO CONCURRENT USE PROCEEDING NO. 672 WITH AMALGAMATED TRUST & SAVINGS BANK, ONE WEST MONROE STREET, CHICAGO, ILLINOIS 60603. APPLICANT CLAIMS EXCLUSIVE RIGHT TO USE THE MARK IN THE ENTIRE UNITED STATES EXCEPT FOR THE STATE OF ILLINOIS.
Live/Dead Indicator LIVE

(Trademark)
Word Mark AMERICA'S LABOR BANK
Goods and Services IC 036. US 100 101 102. G & S: Commercial banking services, personal banking services and trust services, namely, investment advisory services, investment management services, asset management services, and the collective investment and reinvestment of funds. FIRST USE: 19831001. FIRST USE IN COMMERCE: 19831001
Standard Characters Claimed
Mark Drawing Code (4) STANDARD CHARACTER MARK
Design Search Code
Serial Number 76574633
Filing Date February 5, 2004
Current Filing Basis 1A
Original Filing Basis 1A
Published for Opposition August 30, 2005
Registration Number 3016800
Registration Date November 22, 2005
Owner (REGISTRANT) Amalgamated Bank CORPORATION NEW YORK 15 Union Square New York NEW YORK 100033378
Attorney of Record DANIEL ANGEL
Disclaimer NO CLAIM IS MADE TO THE EXCLUSIVE RIGHT TO USE "LABOR BANK" APART FROM THE MARK AS SHOWN
Type of Mark SERVICE MARK
Register PRINCIPAL-2(F)
Live/Dead Indicator LIVE

Posted by Barry Popik
Banking/Finance/Insurance • (1) Comments • Sunday, April 02, 2006 • Permalink


Nice to learn something form the financial history.

Posted by D Vcoc  on  09/25  at  04:47 AM

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