S. S. Kresge stores; one was in downtown Detroit, Michigan, for which he traded ownership in McCrory's. In 1912, he incorporated the S.S. Kresge Company with 85 stores. The company was first listed on the New York Stock Exchange on May 23, 1918. During World War I, Kresge experimented with raising the limit on prices in his stores to $1. In 1923, he started a new company, buying out a large traditional department store in Newark, New Jersey. He renamed the store Kresge-Newark, expanded it, and started branch stores. The new department store company was completely independent from the S.S. Kresge discount department
Israel Discount Bank Israel Discount Bank Israel Discount Bank Ltd. () is one of Israel's three largest banks, with 260 branches, around 5,700 staff, and assets of ₪185 billion (US$48 billion). Israel Discount Bank, formerly known as "Eretz Yisrael Discount Bank" or "Palestine Discount Bank", was founded on 5 April 1935 by Leon Recanati, a new immigrant from Greece who had been the head of the Jewish community of Salonica. His partners were Moshe Carasso and Yosef Albo. The bank operated in a store at 39 Yehuda Halevi St. in Tel Aviv. It was founded with a focus on foreign trade and with