Overview

The San Francisco Savings Union operated at 513 California Street in 1863. (See San Francisco City Directory, 1863, p. 316.)

Building History

This was the bank's first location, in rented quarters at 513 California Street. At the opening of its fourth building in 1894, the San Francisco Callrecounted the bank's architectural history: "The San Francisco Savings Union, now in the thirty-third year of its existence, was incorporated on the 18th of June, 1862, with a guarantee fund of $100,000. Its location was at first at 513 California Street and alter at 529 on the same thoroughfare, but in 1867, compelled by a largely expanding business, it removed to the corner of California and Webb streets in a building owned by itself and thought at that time to be sufficiently large to accommodate any possible increase of its business for an indefinite period." The bank did not stay long at 513 California Street, no more than five years, and probably closer to two or three, before opening larger quarters at 529 California Street, c. 1865.

PCAD id: 20518