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While other banks build fancy modern skyscrapers or look to shrink the size of their branches, Dollar Bank in Pittsburgh has poured its resources into restoring a 144-year-old building downtown. The bank says the building's fame gives it a marketing edge.
May 29 -
The Pennsylvania company said in a recent filing that its board also looked at succession planning, service provider relationships, board expansion and financial forecasts before seeking bids and agreeing to sell to F.N.B. Corp.
October 8 -
F.N.B. in Pittsburgh has agreed to acquire 17 branches in the Pittsburgh area from Fifth Third Bancorp.
September 3
Dollar Bank in Pittsburgh has named James McQuade its CEO-in-waiting.
McQuade will succeed Robert Oeler on Nov. 1 as president of the $7.2 billion-asset mutual thrift, according to a news release. McQuade then will become chief executive some time next year, when Oeler retires from that position.
McQuade has worked at Dollar for 20 years, currently as executive vice president of retail banking. He manages Dollar's branches, loan centers, card operations, security and facilities, retail training and other operations.
Dollar Bank operates 67 branches in the Pittsburgh and Cleveland areas.
Oeler has been Dollar's president and CEO since June 2007, when he succeeded Stephen Hansen, who had held the titles since 1982. Oeler joined Dollar in 1973, holding numerous titles, including chief operating officer and executive vice president.
