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Dollar Bank

Dollar Bank
Mutual Society
Industry Financial Services
Founded 1855
Headquarters Pittsburgh, Pennsylvania
Key people
James J. McQuade, President and CEO
Revenue Increase$7.4 billion (2016)
Number of employees
1,300
Website

http://www.dollar.bank

Dollar Savings Bank
DollarBank4thAve.jpg
Dollar Bank Fourth Avenue Building
Dollar Bank is located in Pittsburgh
Dollar Bank
Dollar Bank is located in Pennsylvania
Dollar Bank
Dollar Bank is located in the US
Dollar Bank
Location 4th Ave. and Smithfield St., Pittsburgh, Pennsylvania
Coordinates 40°26′19″N 80°0′1″W / 40.43861°N 80.00028°W / 40.43861; -80.00028Coordinates: 40°26′19″N 80°0′1″W / 40.43861°N 80.00028°W / 40.43861; -80.00028
Area 0.3 acres (0.12 ha)
Architect Isaac H. Hobbs & Sons
Architectural style Beaux Arts
NRHP Reference # 76001594
Significant dates
Added to NRHP July 14, 1976
Designated PHLF 1970

http://www.dollar.bank

Dollar Bank is a full-service regional bank serving both individuals and business customers, operating more than 60 offices throughout the southwestern Pennsylvania and northeast Ohio metropolitan areas. The bank’s Pennsylvania headquarters is located in downtown Pittsburgh and Ohio headquarters is located in downtown Cleveland. Dollar Bank is the largest independent mutual bank in the nation as of March 2016.

Beginning July 19, 1855, Charles A. Colton opened the "Pittsburgh Dollar Savings Institution". The first day's deposits totaled $53. On September 4, 1858, Pittsburgh Dollar Savings Institution was renamed "The Dollar Savings Bank."

The Dollar Savings Bank’s Fourth Avenue Building was opened in March 1871 and is still in operation today. The architect was Isaac H. Hobbs & Sons of Philadelphia. The building was constructed using 1,400 tons of brownstone, quarried in Connecticut, pink Quincy Granite and significant amounts of Marble and Brass.

In 1871, two stone lions were placed at the front door of the Fourth Avenue Building, as symbols of guardianship of the people’s money. The stately lions guarding the entrance were sculpted by Max Kohler, each from a single block of quarry-bedded brownstone. A project to restore the lions began in September 2009 and was completed in June 2013. The two new exact replica lions were created by Master Carver Nicolas Fairplay. The original lions sit inside the Fourth Avenue building.

The Board Room was added to The Dollar Savings Bank’s Fourth Avenue Building in 1896 at a cost of $37,981.

In 1906, the East and West wings were added to The Dollar Savings Bank’s Fourth Avenue Building.

Today, the Dollar Bank Heritage Center in the Fourth Avenue Building contains displays of vintage banking machines, Dollar Bank advertising through the decades, oil portraits and photographs of the Bank’s officers and Trustees, and hand-written ledgers featuring the original signatures of some of the Bank’s early depositors.


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