Provident Loan Society of New York, 1917. The Provident Loan Society was established in response to the panic of 1893, with Gilded Age industrialists providing its initial capital, and expanded its operations in the early years of the 20th century. In 1908, the organization moved into its new headquarters at Fourth Avenue (now Park Avenue South) and 25th Street, an Italianate palazzo designed by J. Lawrence Aspinwall. Today, the building is unaltered, despite the development of skyscrapers on all sides.