Mutual Society | |
Industry | Financial Services |
Founded | 1855 |
Headquarters | Pittsburgh, Pennsylvania |
Key people
|
James J. McQuade, President and CEO |
Revenue | $7.4 billion (2016) |
Number of employees
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1,300 |
Website | |
Dollar Savings Bank
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Dollar Bank Fourth Avenue Building
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Location | 4th Ave. and Smithfield St., Pittsburgh, Pennsylvania |
Coordinates | 40°26′19″N 80°0′1″W / 40.43861°N 80.00028°WCoordinates: 40°26′19″N 80°0′1″W / 40.43861°N 80.00028°W |
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 |
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.