A brief history of Madison Square
Madison Square was founded in 1870 as a building society, or bausparverein, as it was called in the predominantly German neighborhoods it first served. At a time when banks focused on commercial customers, Madison Square, like other building societies, helped people achieve home ownership by promoting thrift, pooling resources and lending wisely. Good service, independence and stability made these societies successful, and mutual savings banks and savings associations, as they are called today, stand for the same traditional values.
The name Madison Square comes from the public square adjacent to the bank’s original location at 1312 East Eager Street. Since then the bank has moved and grown. In 1985, it became a member of the Federal Home Loan Bank and obtained federal insurance for its savings accounts. In 1986, it received a Federal Charter and officially became known as Madison Square Federal Savings Bank. Madison Square now has four customer service centers and an Administrative Office located along the Belair Road corridor.
Using Our Past To Help Build Your Future
Still making dreams come true, the Madison Square of today combines the traditional values of the old-style building society with the knowledge and experience gained from over 140 years of banking success. As in the past, Madison Square will be there for you in the future providing the financial services and products needed in a changing world.
We realize that modern services are needed and practically required by today’s customers. We have met that obligation by providing 24 hour access to your accounts through our Internet Banking Service, Telephone Banking and our expanded access to over
43,000 ATMs worldwide by partnering with the Allpoint network.
Whether you desire personalized customer service by dealing with a representative of our company face-to-face or on the phone, or if you prefer the convenience and privacy of today’s technology solutions, we will strive to meet your needs and become your full service bank!