When Banks Looked Like Cathedrals

 

Plaster decoration inside the Industrial Trust, Title & Savings Bank | Photo: Peter Woodall

Plaster decoration inside the Industrial Trust, Title & Savings Bank | Photo: Peter Woodall

The ornate plaster work of the former Industrial Trust, Title & Savings Co., on Front Street just south of Norris under the El in Kensington, is a reminder (if we needed one) of how much wealth manufacturing once generated in this city–and how concentrated it could be. The bank is located directly adjacent to the Ninth National Bank profiled on Friday. Both banks were created by textile mill owners looking for a bridge across the troughs in their business cycle. Considering that the two banks were built so close to each other, and shared many of the same directors, it’s possible that they weren’t in direct competition. It’s also possible that one bank owned both buildings in later years. If anyone remembers if this was the case when they were owned by Philadelphia National Bank (PNB) or CoreStates in the 1960s or 1970s, please let us know.

Interior of the Industrial Trust, Title & Savings Bank

Both bank buildings were acquired by the Norris Square Civic Association in 1989, and the group allowed them to deteriorate over two decades. The Women’s Community Revitalization Project acquired the properties from the NSCA several years ago, and is planning to tear them down and build 25 units of affordable rental housing on the site. Some funding remains to be found, however, and in the meantime the buildings continue to decay.

Looking out from just inside the entrance of the Ninth National Bank | Photo: Peter Woodall

Looking out from just inside the entrance of the Ninth National Bank | Photo: Peter Woodall

Interior of the Ninth National Bank

Peter Woodall is the co-editor of Hidden City Daily. He is a graduate of the UC Berkeley School of Journalism, and a former newspaper reporter with the Biloxi Sun Herald and the Sacramento Bee. He worked as a producer for Radio Times with Marty Moss-Coane and wrote a column about neighborhood bars for PhiladelphiaWeekly.com.



1 Comment


  1. It is distressing whenever the forces of history and preservation are opposed by concerns for the general welfare of the community. Perhaps this tension is inevitable when such buildings have been abandoned by the powers that be and left to decay for so long. Nevertheless, it has only been exacerbated in Norris Square, where the excess of already vacant land should make unnecessary the need for further demolition to build affordable housing. To put it charitably, the NSCA’s record on preservation is less than impressive (c.f. St. Boniface Church).

Leave a Reply

Comment moderation is enabled, no need to resubmit any comments posted.

Recent Posts
New Record Pressing Plant Drops The Needle In Old Bread Factory

New Record Pressing Plant Drops The Needle In Old Bread Factory

July 15, 2019  |  News

The vinyl revival is coming to Lawncrest where a new record pressing plant is setting up shop in the old Bond Bread building. Bryan Bierman has the scoop > more

After The Trocadero’s Closing, Preservationists Ponder Saving The Interior

After The Trocadero’s Closing, Preservationists Ponder Saving The Interior

July 12, 2019  |  News

Philly's famous Trocadero Theater closed in May after 149 years of continuous use. Protections are already in place for the facade of the building, but can the interior be saved too? Kimberly Haas takes a look > more

Op-Ed: Painted Bride Art Center Mosaic A Lesson In Limits To Historic Designation

Op-Ed: Painted Bride Art Center Mosaic A Lesson In Limits To Historic Designation

July 10, 2019  |  Soapbox

Last fall the Philadelphia Historical Commission declined to legally protect a colorful mosaic, nominated by Philadelphia's Magic Garden, on the exterior of Painted Bride Arts Center in Old City. In this editorial Sharon Barr opines that the decision was the right one and unpacks the thorny issues of designating public artwork and ownership rights > more

A Crude Awakening: Explosion On The Schuylkill Brings Philly's History Of Oil Refineries Into Focus

A Crude Awakening: Explosion On The Schuylkill Brings Philly’s History Of Oil Refineries Into Focus

July 8, 2019  |  Vantage

Ed Duffy gives us a history lesson on Philadelphia's 150-year-old oil industry following the explosion, fire, and pending closure of Philadelphia Energy Solutions' oil refinery in Southwest Philly > more

Summer Break

Summer Break

July 1, 2019  |  News

Hidden City Daily is taking a short summer vacation. We'll be back on Monday, July 8. Have a great Fourth of July! > more

Rare Collection Of Early American Flags Explores The Evolution Of Old Glory

Rare Collection Of Early American Flags Explores The Evolution Of Old Glory

June 28, 2019  |  News

An antique flag dealer teamed up with the Museum of the American Revolution to put our nation's Stars and Stripes into perspective with "A New Constellation: A Collection of 13 Star Flags." Virginia Lindak has the details > more