The story of Pittsburgh: Banking and finance

Banking and finance (Vol. 1, nr. 17)

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623951

URN:: urn:nbn:de:zbw-retromon-241167

Document type:: Volume

Title:: Banking and finance

Volume count:: Vol. 1, nr. 17

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1930

Scope:: [ca. 40] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: The Pittsburgh clearing house

Collection:: Economics Books

advancement than they will ever receive for themselves in a material way. THE ASSOCIATED BANKS During the past ten years an important factor in the Pittsburgh financial situation has been developed through the group known as The Associated Banks. To July, 1930, the following units comprise this group: First National Bank at Pittsburgh Peoples-Pittsburgh Trust Company Peoples-Pittsburgh Trust Company- First National Bank of Wilkinsburg Oakland Savings & Trust Company Peoples Trust Company of Pittsburgh Metropolitan Savings Bank & Trust Company Dormont Savings & Trust Company Terminal Trust Company Peoples-Pittsburgh Trust Company—Squirrel Hill Branch The combined resources of the group, at the time of this writing, are more than $220,000,000. The First National Bank at Pittsburgh and the Peoples- Pittsburgh Trust Company are the parent institutions. The development is in keeping with the trend of consoli- dation in the interests of greater service and economy. The Associated Banks, with the exception of the branches, operate as independent units, their affairs being directed by local boards, conversant with the necessities of their localities. Tt has been the policy of the Associated Banks to employ resources, whenever possible, for the economic development of local business interests and the welfare of the local citizenry. That this policy is well understood and appreciated is evidenced by the consistent record of growth and earnings. The expansion of the consolidated group has been marked with conservatism, and it will be observed that the location of the various units are in strategic position to serve the various important sections of the Pittsburgh District. To Mr. J. H. Hillman, Jr., must go the credit for the vision and sagacity responsible for the conception and development +f the Associated Bank Group.

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