LEGISLATIVE RESOLUTION commemorating the 90th Anniversary of Ridgewood
Savings Bank

WHEREAS, It is the sense of this Legislative Body to recognize the mile-
stones of institutions which serve the citizens and businesses of the
State of New York; and
WHEREAS, Attendant to such concern and in full accord with its long-
standing traditions, this Legislative Body is proud to commemorate the
90th Anniversary of Ridgewood Savings Bank; and
WHEREAS, Ridgewood Savings Bank has grown to become one of the largest
mutual savings bank in New York State, with $4.6 billion in assets and
over 35 branches serving customers throughout the five boroughs, on Long
Island and Westchester County; and
WHEREAS, The origins of Ridgewood Savings Bank go back to 1921, when
14 local businessmen got together at a meeting in Ridgewood, Queens with
the purpose of organizing and forming a new mutual savings bank to serve
the needs of the community; and
WHEREAS, The bank was charted that same year and its original head-
quarters was in a converted taproom at Myrtle and Forest Avenues in
Ridgewood, Queens; in 1929, the cornerstone was laid for a new headquar-
ters on the same site; and
WHEREAS, The history of Ridgewood and the bank's legacy in the borough
was the focus of a talk by Richard Hourahan of the Queens Historical
Society; and
WHEREAS, Ridgewood Savings Bank has distinguished itself through its
outstanding professional behavior, corporate innovation, and enduring
commitment to the Queens community; and
WHEREAS, It is with great pleasure that this Legislative Body commends
Ridgewood Savings Bank for its excellence and for its commitment and
contributions to the community it has so ably served for 90 years; now,
therefore, be it
RESOLVED, That this Legislative Body pause in its deliberations to
commemorate the 90th Anniversary of Ridgewood Savings Bank, fully confi-
dent that in its future, it will enjoy the same success which has char-
acterized its past; and be it further
RESOLVED, That a copy of this Resolution, suitably engrossed, be tran-
smitted to Ridgewood Savings Bank.