Welcome to Standard Bank
Standard Bank is a “community bank.”
A community bank is a bank that derives funds and lends to the communities in which it operates. Community banking takes the customer experience to another level with added benefits such as one-on-one customer service, products that focus on the customer, and active initiatives to promote community growth. As a community bank, we’re about more than numbers, we’re about relationships with our customers and being a resource in our hometowns.
With Standard Bank, you’ll find our associates are long-term professionals who have been working in the area for years. They really look out for you and go above and beyond their call of duty. We take great pride in serving our customers. Stop in and experience the community banking difference we have been providing the Pittsburgh area since 1913.
We put relationships before transactions.
We believe in honesty and will always do what’s right for you. We are dedicated to building your trust and creating a lasting relationship.
Our Promises to You…
- Personalized service – You are a person, not a number.
- Your financial goals come first – we listen and respond with what’s right for you.
- Decisions made locally – by your personal banker.
- Competitively priced products and services.
- All of the above delivered with honesty, integrity and value.
You know the old chestnut that states, “The more things change, the more they stay the same.” Well, that certainly could be applied to Standard Bank, and we have the historical records to prove it.
Standard Bank was founded in 1913 by a group of local business leaders who felt the need to start a financial institution apart from the titans of the day, such as T. Mellon and Sons and Pittsburgh Trust and Savings Company.
The idea then, as it remains today, centered on taking care of customers who were more than just customers – they are our neighbors, friends, and local business owners.
Sixteen years later, the bank’s mission was put to the test with the crash of the stock market and the beginning of the Great Depression. Locally, 11 banks were forced to close as were 9,000 banks across the nation by the end of 1931. Yet, Standard Bank stood firm and stood fast through that punishing financial storm.
While nationally depositors lost $140 billion through bank failures, not one cent was lost by the depositors of Standard Bank. Our doors never closed. We did more than survive; it provided local customers with a reassuring sense of stability and confidence.
Standard Bank has kept moving steadily ahead despite:
- World War II
- The Cold War
- Various elections
- Global tensions
- Local economic booms and busts
- The Great Recession
- …and through the changes and demands of each generation
The region has since rebounded and even advanced beyond the economic strength of the steel heyday, through diversification and specialization. In the early 1980s, the steel industry all but disappeared due to foreign competition and decreased demand. The ripple effects in the years to follow brought devastating economic effects and high unemployment to the Pittsburgh region.
As expected, Standard Bank has played a role in this continued resurgence of the Western Pennsylvania economy, as well. Not through participation in high-risk ventures, but through helping to make sure that the people, organizations, and families behind those ventures have a sound, reliable, flexible, hard-working, and hard-thinking bank to support them.
The economy as a whole, and financial services providers, took a monstrous hit in late 2008 with the failure of Lehman Brothers, the bailout of our nation’s largest banks and the resulting economic crash. Yet, once again, there’s one bank that has been able to successfully sail those rough waters – Standard Bank.
In 2017, Standard Bank merged with fellow Pittsburgh community bank, Allegheny Valley Bank, in a merger of equals. We could have each continued to go forward on our own—but we knew we would be better and stronger together. Our two institutions shared similar attributes and values, including the same vision, dedication to unparalleled customer service, and commitment to community. At the turn of the century, both banks were established only a few miles apart and a few years apart.
Standard Bank and Dollar Bank legally merged on September 6, 2022 resulting in Standard Bank becoming a division of Dollar Bank. In early 2023, the banks plan to fully merge operations and offices. Until then, Standard Bank will continue to service all of their customers’ deposits and loans from current Standard Bank locations. New consumer and business loans, however, will now be processed through Dollar Bank. Learn more about Dollar Bank at www.dollar.bank.