The Philadelphia Savings Fund Society (PSFS) was established in 1816 as one of the first savings banks in the United States. It aimed to promote thrift and provide a safe place for individuals to save their money. Over the years, PSFS expanded its services, offering various financial products, including savings accounts and loans. In the mid-20th century, PSFS became known for its distinctive modernist architecture, particularly its iconic building in downtown Philadelphia. The bank played a significant role in the city's financial landscape until it faced challenges in the 1990s, leading to its eventual acquisition by Wachovia Corporation in 1995.