Dollar Bank

Charles A. Colton (1807–1881), a Hartford, Connecticut native, moved to Pittsburgh with his family in 1850 to sell insurance.

Mills, factories, coal mines, and other industries in the fast-growing Pittsburgh region drew thousands of people in search of work annually, Americans and immigrants alike.

A survey by The Daily Post in November 1880 revealed that the trade of ironworkers was the most common occupation among depositors who opened accounts that year.

Artisans (stonemasons, plasterers, millwrights, and other skilled trades) were the second most common occupation, followed by porters, servers, clerks, salespeople, bookkeepers, farmers, and coal miners.

He and his wife, Julia Brannon Woodson, raised their three children in their home on Pittsburgh's South Side.

Enslaved people in the battle-torn Virginia region took liberation into their own hands by fleeing toward the lines of Union troops and Northern states.

The migration swelled the African American population in cities like Pittsburgh, which was already growing with industrial expansion and workers seeking jobs.

Brothers Morris and Jacob Kaufmann, German immigrants who were making a name in Pittsburgh retail, became depositors in 1888 and 1890, respectively.

Artist George Hetzel, founder of the Scalp Level School of Painting, is famous for his landscapes showcasing the natural beauty of Southwestern Pennsylvania.

Author, publisher, abolitionist, and women's rights advocate Jane Grey Swisshelm opened a savings account at Dollar Bank in 1876.

By the early 1900s, at least twelve Woodson family members had opened savings accounts at Dollar Bank.

The Dollar Savings Bank's Fourth Avenue Building was opened in April 1871[6] and is still in operation today.

A new pair of lions, exact replicas of the originals, were created by Master Carver Nicholas Fairplay and his assistant, Brian C.E.

The extensive security cage over the teller counter was reduced by removing a substantial portion of the wrought iron.

After the St. Patrick's Day Flood of 1936, Dollar Savings Bank hired local contractor W.F.

World War II and 1950s Dollar Savings Bank applied for FDIC membership in November 1943.

In the 1960s, the Fourth Avenue Building's cupola skylights were filled in, the interior was repainted, and the teller counter was altered to make it a one-level surface.

[6] Dollar Savings Bank opened its first branch office in the Oliver Building on June 29, 1961.

Capable of processing 12,000 savings transactions an hour, the NCR 315 transmitted data in real-time over leased phone lines.

[6] Dollar Savings Bank's Fourth Avenue Office was listed on the National Register of Historic Places on July 14, 1976.

[6][12][circular reference] In December 1976, Dollar Savings Bank announced that its assets had reached $1 billion, representing a 17.9 percent growth over just one year before.

[6] In July 1981, Dollar Savings Bank began to provide accounts and services tailored to the needs of businesses.

[6] In a deal brokered by the Federal Savings and Loan Insurance Corporation, The Dollar Savings Bank acquired the troubled Cleveland-based thrift, and within two years, a combination of government guarantees against losses and new investment returned Continental to profitability.

[14] On October 5, 2016, Dollar Bank announced that it had agreed to merge with Pennsylvania-based Progressive-Home Federal Savings and Loan.

Dollar Bank retained all Progressive-Home Federal Savings and Loan employees and continues to operate the two branch offices in Allentown and Dormont.

[6] In July 2012, Dollar Bank was the first financial institution in the region to release video personal teller machines.

[4][17] During the first half of the 2024 fiscal year, Dollar Mutual Bancorp’s financial statement reflects its continued strength and growth.

[18] Dollar Bank provides financial tools and personal services to small businesses, large companies, and corporations.

[19][20] Its old headquarters building at 340 Fourth Avenue in Pittsburgh is listed on the National Register of Historic Places.