Acting on the assumption that the average business man or woman, as well as many others, needs money as much in the nineteen non-banking hours as in the five hours when the ordinary bank is open for business, the officers and directors of the Night and Day Bank, which is to open on May 1 and is to occupy the ground floor of the new marble building at 44th street and Fifth avenue, have decided that it shall be open for business every hour of the day and night.
    The officers of the Night and Day Bank are Oakleigh Thorne, President: J. W. Harriman, vice-president: G. M. Wynkoop vice-president and executive officer: Harrison K. Bird, cashier and secretary: G. L. Wilmerding, night manager: the directors are Robert Bacon, Charles T. Barney, Oliver H. P. Belmont, W. H. Chesebrough, Thomas B. Clarke, Ledyard Cogswell, Robert M. Gallaway, Frank Gray Griswold, J. Borden Harriman, Edward H. Harriman, Myron T. Herrick, James S. Kuhn, George H. Norman, Marsden J. Perry, Henry F.(?) Shoemaker, John C. Tomlinson and P. A. B. Widener.
    Speaking of the bank yesterday Mr. Wynkoop said that it should prove a great convenience to people, not only of the city, but from out of town, who, in emergencies, may deposit funds or withdraw them at any hour; to merchants and others who make collections after 3 o'clock, and to hotel patrons, who will be relieved of the need of asking favors at the desk, thus avoiding what so often proves annoying to the house and embarrassing to the asker.
    Travellers, he said were often much inconvenienced by the 10 to 3 banking hours. To accomodate them arrangements will be made by which drafts of out-of-town banks on the Night and Day Bank may be cashed at any hour. Another feature that will, he thinks, appeal to the public, will be the payment at any hour of the "visitors' New York money order," which may be obtained from many of the prominent banks in the United States without personal identification.
    "We have no precedent," said he, "so we must fit the institution to the conditions it faces. The hours and requirements of business have been extended, household and individual needs for money movement have multiplied, regardless of clock time, yet the hours of banking have remained the same. Here we have a bank where you can keep a part or all of your money, and where you can withdraw it or any portion of it, at any hour in the twenty-four."
    The banks quarters are exceedingly well equipped. Wasserman & Co., Flower & Co. and Watson & Co. will occupy the floor immediately above. It will require three shifts of men to run the bank. There will be a receiving teller, a paying teller and a night or day manager on duty at all hours.

Source:

Unknown, "Night and Day Bank," New-York Tribune, Sunday, 8 April, 1906, page 11.