Dollar Bank

Dollar Bank is a full-service regional bank serving both individuals and business customers, operating more than 50 branch offices and loan centers throughout the southwestern Pennsylvania and northeastern Ohio metropolitan areas. The bank’s Pennsylvania headquarters is located in downtown Pittsburgh and Ohio headquarters is located in downtown Cleveland. Dollar Bank was the largest independent mutual bank in the nation as of March 2009.

History

Founding

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."

First Office

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.