Dollar Bank Headquarters Information

Dollar Bank is a regional bank that’s based in Pittsburgh, PA. The bank serves its business and individual customers through more than 70 branches. These branches are located in Southwestern Pennsylvania and the metropolitan areas of northeast Ohio.

By March 2016, Dollar Bank was the biggest independent mutual bank in the whole country. The bank’s assets were valued at almost $7.6 billion by the end of 2016.

The bank provides employment to roughly 1300 people

History of Dollar Bank

The story of this Pittsburgh financial institution goes all the way back to July 1855 when it was founded as the Pittsburgh Dollar Savings institution. On its first day of operation, it had deposits of $53 in total.

The bank was renamed to The Dollar Savings Bank in 1858. The banks first office would be opened in 1871. The building which is located on Fourth Avenue is still there today.

Two lions made from stone were placed at the entrance of the building. The symbolic lions became iconic and from 2009 to 2013, a project worked on restoring the lions. The original lions can now be seen inside the building on Fourth Avenue.

In 1896, the bank added a board room to the Fourth Avenue building. In 1906, the East and West wings of the building were added.

The building on Fourth Avenue is now known as the Dollar Bank Heritage Center and people can see things such as:

• Banking machines from the old days
• Advertising used by dollar bank in the old days
• Photographs and oil portraits of bank officials
• Hand-written ledgers etc.

In 1931, at the heart of the Great Depression, the bank had $1 million in cash brought to the floor of the bank office. This was meant to reassure customers that their money was still there. The bank didn’t shut down even once during this period.

By 1949, the book value of the bank’s assets had exceeded $100 million. As the bank continued to grow, it would buy a number of buildings for its used including the Boyd Building in 1950 and the DeRoy Building in 1956.

Dollar Bank Headquarters

The current headquarters of Dollar Bank are located at Three Gateway Center, a 24-story building that’s located at 401 Liberty Avenue.

This skyscraper has a height of 344 feet and this makes it the 20^th tallest building in the city. Construction of the building was originally completed in 1952. The Hertz Group is the building’s current owners.

The building is part of the Gateway Center which consists of four buildings that have a combined 1.5 million square feet of space. The center has a variety of interesting features including a fountain, tall trees, blooming flowers, walkways etc.

There have been recent renovations done on the lobby which included putting in granite floors and Italian Carrera marble walls.

The buildings offer great views of the surrounding areas including PNC Park, Point State Park etc. 3 Gateway Center is also remembered for being the site of a hostage incident in 2012. No one was harmed during the incident.

 

Dollar Bank Headquarters Address

Three Gateway Center, 401 Liberty Ave, Pittsburgh, PA 15222, USA

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