It's become the running "joke" that all NYC institutions are turning into banks; it's sad because it's all too often true. The latest piece of history being transformed into an ATM vestibule is Staten Island's beloved Schaffer's Tavern, a restaurant and bar that's resided on the borough's Victory Boulevard for 83 years. Now, the parcel will be turned into a Victory State Bank.

There have been rumors for over a year that the beloved eatery would close, SI Live reports, but construction on the sixth Staten Island branch of the bank will begin sometime in early 2017. There's no official closing date for Schaffer's yet.

Locals know the joint for its prized corned beef sandwiches and as a spot to sip on mugs of German beer. The tavern has that old school charm which many try to replicate (and few succeed). A fire destroyed the back bar some years ago, but the space still looked time out of mind; the backs of the bar stools are even emblazoned with the names of longtime regulars and staff.

Just down the road is one of the borough's other mainstays, Joe & Pats, in the Westerleigh neighborhood. Until it closes, Schaffer's is recognized as the longest-running, family-owned restaurant on Staten Island.