In honor of our 119th anniversary, we’ve spent this week looking back to 1893 in each of the markets we serve. So far, we’ve looked back at what California, Florida and Illinois were like back then, and today we’ll look at New York and New Jersey.
Popular Community Bank has been in New York the longest of our markets in the United States, but New York and New Jersey were incredibly different from what they are today.
According to the 1890 census, the population of New York was almost 6 million (5,997,853), while New Jersey had 1,444,933 residents. At that time, nearly 3.8 million people made up 20 cities of more than 25,000 between the two states. Indeed, nearly as many people lived in “big cities” in New York and New Jersey as lived in the entire state of Illinois in 1893.
According to the 2010 census, the population of New York was 19,378,102, and New Jersey added another 8,791,894.
While New York and New Jersey are two of the older states in the union, the landscape was changing dramatically 119 years ago. The Brooklyn Bridge was opened in 1883, and the Statue of Liberty was dedicated in 1886. And the first immigration station on Ellis Island opened its doors on Jan. 1, 1892.
The skyline looked different in 1893 because… it didn’t exist. The first skyscraper wasn’t built until 1902. And the first subway line didn’t open until 1904.
In fact, New York City wasn’t the New York City we know today in 1893; the five boroughs weren’t consolidated until 1898.
It wasn’t until 1961 that Banco Popular (now Popular Community Bank in the US) opened a branch on American soil. That first branch was in the Bronx, and we’re still proudly serving the New York and New Jersey areas more than 50 years later!