Prisco State Bank, 1927.

Prisco State Bank was founded in by an Italian man named Raffaele Prisco in the mid 1920s and occupied this classical style bank building on Mulberry Street in the heart of what was Little Italy at the time. In 1931 the bank was closed by a New York State Banking Agency and Prisco was arrested and charged with grand larceny. The charges involved withdrawing funds from an account held by the bank to pay a personal debt. Along with Raffaele, his two sons and a third employee were also charged and served time for the crime. When the bank closed, many of its clients, small businessmen of the neighborhood, lost their funds.