The Waterfront Crime Commission is about to hold public hearings on union crime and underworld infiltration. As workers are turned against each other, Terry Malloy inadvertently participates in the murder of fellow longshoreman Joey Doyle. Union boss Johnny Friendly orchestrates the murder along with other illegal dockside activities, aided by Terry’s brother Charley. Terry begins to feel pangs of conscience. When Joey’s sister Edie sees more in Terry than he sees in himself and Father Barry urges him on, Terry reassesses his past and begins to regain responsibility for his actions.

Based upon a real-life story that happened in the early seventies in which the Chase Manhattan Bank in Flatbush, Brooklyn, was held siege by a gay bank robber determined to steal enough money for his male lover to undergo a sex change operation. On a hot summer afternoon, the First Savings Bank of Brooklyn is held up by Sonny and Sal, two down-and-out characters. Although the bank manager and female tellers agree not to interfere with the robbery, Sonny finds that there’s actually nothing much to steal, as most of the cash has been picked up for the day. Sonny then gets an unexpected phone call from Police Captain Moretti, who tells him the place is surrounded by the city’s entire police force. Having few options under the circumstances, Sonny nervously bargains with Moretti, demanding safe escort to the airport and a plane out of the country in return for the bank employees’ safety.