Allegheny Valley Bank of Pittsburgh

Allegheny Valley Bank of Pittsburgh was established on October 15, 1900. Over its history, the bank underwent several significant changes and mergers. On February 6, 1973, the bank moved its main office to 5137-39 Butler Street in Pittsburgh, Pennsylvania, and simultaneously withdrew from membership in the Federal Reserve System. In 2006, the bank made notable expansions by acquiring Mt. Troy Bank on September 8 and later Metropolitan Savings Bank on February 2, as part of a government-assisted merger. The main office was relocated again on September 27, 2006, to 5137 Butler Street in Pittsburgh. In April 2017, the bank merged with Standard Bank, PaSB, based in Murrysville, Pennsylvania, and subsequently changed its name to Standard Bank on May 28, 2021. The most recent development occurred on September 6, 2022, when Allegheny Valley Bank of Pittsburgh merged with Dollar Bank, Federal Savings Bank, also located in Pittsburgh, Pennsylvania.

Below is a list of some important events in banks history, including mergers and acquisitions.

1900-10-15Institution established. Original name: Allegheny Valley Bank of Pittsburgh.

1973-02-06Institution withdraws from membership in the Federal Reserve System.

1973-02-06Main Office moved to 5137-39 Butler Street, Pittsburgh, PA 15201.

2006-09-08Acquired Mt. Troy Bank in Pittsburgh, PA.

2006-09-27Main Office moved to 5137 Butler Street, Pittsburgh, PA 15201.

2007-02-02Acquired Metropolitan Savings Bank in Pittsburgh, PA as part of a government assisted merger.

2017-04-08Merged and became part of Standard Bank, PaSB in Murrysville, PA.

2021-05-28Changed Institution Name to Standard Bank.

2022-09-06Merged and became part of Dollar Bank, Federal Savings Bank in Pittsburgh, PA.