
Vrydaugh & Wolfe, famous for churches and millionaires’ mansions, were the architects of this tiny bank, built in 1904. Newspaper stories of the time seem to tell a tale of contracted ambition, and it is probable that the building as it stands was meant to have more floors added as the bank prospered. (Instead, in the late 1920s, the bank built a much larger building across the street and down the block a bit, and then shortly after that failed in the great bank massacre of the early Depression.)
In January of 1904, we read that the Franklin Savings and Trust Company was planning a $30,000 four-story building on its newly purchased lot1. But just four and a half months later, in the middle of May, we read that the bank had occupied its new building, which had cost $20,000 and had only one floor.2 It was fairly common in those days to plan a building so that it would support additional floors when they were needed, and old Pa Pitt suspects that is what happened here: the bank decided it would be prudent to save some money for the moment. Perhaps the luxurious interior appointments of mahogany and marble had cost more than the directors had anticipated.

The result was a little bank that looks almost as if it could be towed away by a large truck. But the pediment over the entrance and the arched windows (now filled in and muraled over, except for the shrunken one in front) would have given it a prosperously bankish look.
- “Eastern Men to Build Apartments,” Gazette, January 16, 1904, p. 13: “Through the Commonwealth Real Estate and Trust Company the Franklin Savings and Trust Company has purchased the J. W. Roberts property at the southwest corner of Penn avenue and Twenty-first streets for $13,000. The lot measures 24×57 feet and is improved with a two-story brick building. As this is the first sale in this immediate locality since the boom last spring, it is interesting to note the price paid, $541 a front foot or $9.50 a square foot. The purchasing company has had plans prepared by Architects Vrydaugh & Wolfe for a four-story brick and terra cotta building to be erected in the spring at a cost of $30,000.” ↩︎
- “Trust Company at Home,” Press, May 5, 1904, p. 8: “The new building of the Franklin Savings & Trust Co., at 2850 Penn avenue, was occupied for the first time this morning. It is a one-story buff brick and stone structure and was erected at a cost of $20,000. The interior of the new bank is finished in mahogany and marble.” ↩︎
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