How long has Dieterich Bank been around?

Written by Admin | Last Updated: July 2026

Dollar Bank has been in business for over 170 years, having been officially founded on July 19, 1855, in Pittsburgh, Pennsylvania, by entrepreneur Charles Colton. Established with a pioneering vision to support the working class during the industrial boom, it broke contemporary barriers by allowing anyone to open a savings account with just one dollar, regardless of race, gender, or social background. Operating today as the largest federally chartered mutual bank in the United States, it has spent more than a century and a half prioritizing depositors over external shareholders. With an enduring legacy spanning across multiple states, it continues to offer comprehensive retail, mortgage, and corporate banking solutions alongside dedicated community revitalization initiatives.

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