Jarmulowsky Bank Building

Art & Culture | History

Historic Building Dubbed “The Temple of Capitalism” Turned Hip Hotel

Jarmulowsky Building NYC Lower East Side

About Jarmulowsky Bank Building

 & why it made the Carpe City list

  • This limestone and terra cotta Beaux-Arts building on the corner of Orchard and Canal Streets, dubbed the “Temple of Capitalism,” was built in 1912 by “East Side J.P. Morgan” banker/Talmudic scholar Sender Jarmulowsky.
  • At 12 stories, it was once the tallest building on the Lower East Side.
  • Jarmulowsky added a cupola to the top of the building (it was removed in 1990, but is now being restored) so that his bank would officially beat out The Forward Building as the loftiest perch on the LES.
  • Jarmulowsky came to the United States from Germany in the early 1870s and began operating his bank in its present location on the corner of Orchard and Canal Streets in 1878.
  • Jarmulowsky was a household name on the then-largely-Jewish LES.
    • He was the first president of the Eldridge Street Synagogue, and his bank catered to a variety of needs within the community.
    • Newly arrived immigrants could set up bank accounts, send money home, and purchase steerage tickets to bring family members to New York.
  • As business thrived, a new building was in order.
    • While the Jarmulowsky Bank Building was under construction, The New York Times called it the “first strictly high-class tall bank and office building” on the LES.
  • Jarmulowsky died in 1912, just three weeks after his high-class bank opened.
  • His sons took over the business and promptly ran it into the ground. The bank failed in 1917.
  • A century later, the Jarmulowsky bank building is once again strictly high-class… it was recently converted into a hip hotel.
    • Known as Nine Orchard, the hotel has a great restaurant called Corner Bar helmed by one of our favorite chefs, Ignacio Mattos.

Carpe City Trivia

Opening day at Jarmulowski Bank was a public holiday on the Lower East Side

Sender Jarmulowsky was so revered on the Lower East Side –as a businessman, a scholar, and a philanthropist — that when his beautiful new building opened on May 6, 1912, it was a neighborhood holiday, complete with a parade!

In 1899, Jarmulowsky made his wife, Rebecca, a partner in the bank

Rebecca’s contributions to the operation and management of the bank were so significant that she was listed in directories as a banker in her own right, separately from her husband.

Photography by:

COURTESY OF NYPL.ORG AND GNARLY ON WIKIMEDIA

New York City Tours

Great Places Near Jarmulowsky Bank Building

Kiki's Greek Restaurant NYC Lower East Side
Restaurants

Kikis

Tasty Greek food with a Great Neighborhood Vibe

130 Division St, New York, NY 10002
Basquiat Street Art Lower East Side
Art & Culture

Basquiat Mural

An Homage to the Legendary Artist by Tynk

1 Orchard St, New York, NY 10002
Orchard Street Mural Lower East Side NYC
Art & Culture

Orchard Street Mural

Everchanging, the mural on this corner is always done by top talent

4 Orchard Street, New York, NY 10002
Bar Belly Lower East Side Restaurant
Bars

Bar Belly

Cocktail Bar with Great Happy Hour Oysters and Live Jazz

14 Orchard St, New York, NY 10002
Cervos Restaurant Lower East Side
Restaurants

Cervos

Spanish Seafood and Wine Specialist in a Casual LES Setting

43 Canal St, New York, NY 10002
Metrograph Exterior Lower East Side
Art & Culture

Metrograph

Movie Theater, Bar & Restaurant Where They Take Celluloid Seriously…

7 Ludlow St, New York, NY 10002
Regina's Grocery Italian Lower East Side
Restaurants

Regina's Grocery

Mammoth and Marvelous, these Italian Sandwiches are some of the Best in the City

27 Orchard St, New York, NY 10002
Eldridge Street Synagogue Inside
Art & Culture

Museum at Eldridge Street Synogogue

Beautiful 19th-Century Landmarked Synagogue Turned Museum and Educational Center

12 Eldridge St, New York, NY 10002
Loews Canal Street Movie Theater LES
Art & Culture

Loew’s Canal Street Movie Palace

Abandoned Landmark of Slumbering Cinematic Splendor

31 Canal St, New York, NY 10002

More Great Walking Tours

Subscribe

Sign up to our monthly e-mail about the latest and greatest places for food, wine art and history

Skip to content