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Dollar Bank Opens New Office in Avon

November 10, 2010

Purchase is the Latest Expansion Effort in Northeast Ohio

Dollar Bank, the largest independent mutual bank in the United States, continued to demonstrate its commitment to Northeast Ohio this week with the opening of a new, full-service branch and loan center in Avon, Ohio.* A grand opening reception was held Wednesday, November 10, 2010, and special promotions will be offered throughout the rest of the month.

Located at 1297 Center Road, the new building measures 4,497-sq.-ft., has four drive-thru lanes, walk-up ATM, drive-thru ATM, drive-up night depository, safe deposit boxes, and a Loan Center manned by lending specialists trained to assist individuals as well as businesses.

"This branch is another example of our ongoing commitment to Cleveland and Northeast Ohio," says Andrew Devonshire, president of Dollar Bank Ohio. He noted that earlier this year, the bank opened a new branch in Painesville Township, and purchased the former Ohio Savings building on Chagrin Boulevard near Beachwood. The bank opened a Private Banking center in Hudson in 2009, and a full-service branch in Mayfield in 2007. "We continue to have great confidence in the future economic vitality of this region," said Devonshire.

Dollar Bank supports local companies when it builds a branch. The Avon branch was designed by KA Architects of Cleveland. Drake Construction was the general contractor. Other local organizations involved with the project were Columbia Building Products, Zenith Systems and Geauga Mechanical. These companies successfully achieved Dollar Bank's goal of having the Avon branch opened in 2010.

About Dollar Bank

With assets of $5.6 billion, Dollar Bank is the largest independent mutual bank in the United States, employing more than 1,140 people in northeastern Ohio and southwestern Pennsylvania. Dollar Bank Ohio is located at 1301 E. 9th Street, Cleveland, OH 44114; telephone 216-736-7386, fax 216-736-8929. The bank operates 26 branches, two Loan Centers, and a Private Banking Office in the Greater Cleveland area. For more information, visit www.dollarbank.com.

*Source: fdic.gov, mutual institutions as of 9/30/2010

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