Barnet J. Segal
Banker, Businessman & Philanthropist
January 29, 1898 - September 6, 1985
CHRONOLOGY:
January 29, 1898: Born Barnet Segal in New York, New York; (“Barney”)
1923: Established Bank of Carmel, first chartered bank in Carmel-by-the-Sea; Charter dated February 20, 1923; Opened July 23, 1923; Managed Bank of Carmel for 16 years; Later known as the Crocker Bank.
1928: Sold controlling interest in bank to T. A. Work.
1928-1936: City Treasurer, Carmel-by-the-Sea
1929-1940: Dealt in Real Estate and Insurance
1938: Bank of Carmel building constructed in 1938 “expressly for Barnet Segal and the Bank of Carmel.”
1939: Bank of Carmel moved to “new building” at Ocean Avenue & Dolores St., N.E. Corner
1940: Founded Carmel Savings and Loan Association.
1958: Carmel Savings and Loan Association moves to Dolores St. & 7th Avenue, S.E. Corner.
1971: “Turned over” to Palo Alto-Salinas Valley Savings and Loan, later known as Northern California Savings and Loan Association; arrangement allowed Segal to maintain an office in building where he operated the Carmel Insurance Agency until 1983.
1971: “Current building constructed.” Barnet Segal maintained an office in the building until his retirement in the early 1980s.
September 6, 1985: Died in Monterey, CA.
(Sources: The Carmel Pine Cone, Monterey Peninsula Herald and Staff Report Addendum, Brian Roseth, Principal Planner, September 2006.)
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