Dollar Bank was chartered with the Commonwealth of Pennsylvania in 1855 as The Pittsburg Dollar Savings Institution.
The charter described the bank as a mutual organization where savings accounts could be opened with as little as one dollar.
The names of the 39 incorporating trustees appear on the first page of the charter:
George Albree, William J. Anderson, Alexander Bradley, Alonzo A. Carrier, Robert Chester, J. Gardiner Coffin, Charles A. Colton, Albert Culbertson, Francis Felix, John Fullerton, Joseph P. Gazzam, M.D., George F. Gilmore, James W. Hailman, John Harper, William S. Haven, Hopewell Hepburn, James Herdman, James S. Hoon, William F. Johnston, John M. Kirkpatrick, Charles Knap, Joseph F. Leech, A.W. Loomis, James K. Morehead, Robert Morrow, N. Grattan Murphy, Samuel McClurkan, James D. McGill, William Philips, Isaac M. Pennock, George R. Riddle, Henry L. Ringwalt, John H. Schoenberger, John Scott, George S. Selden, James Shidle, Alexander Tindle, Theobald Umbstaetter and George R. White.
These men represented a cross-section of Pittsburgh's business, law, professional and industrial leaders in the 1850s. Persuaded by Charles Colton
of the worthiness of the cause of the new bank, an organization for the working people of Pittsburgh, the incorporators went beyond adding their names to the charter. They staked the bank with their own money, pledging that if the enterprise failed within its first year, the incorporating trustees would reimburse the depositors.
The bank was incorporated by a special act of the Pennsylvania Legislature on April 27, 1855. Deputy Secretary of the Commonwealth John M. Sullivan signed the charter on May 8th and affixed the official wax seal of the Commonwealth of Pennsylvania.