Progressive becomes Dollar Bank
A big change is coming to Warrington Avenue this weekend when Progressive Home Federal Savings and Loan completes its merger with Dollar Bank.
Progressive Home Federal will close its doors on Friday, March 24 and reopen for business on Monday, March 27 as Dollar Bank. Over the weekend, some remodeling will take place on the interior of the building.
Joseph Smith, Dollar’s senior vice president for marketing, said they are enthusiastic about the merger, noting both financial institutions are mutual entities, or owned by their depositors.
Progressive Home Federal was created 74 years ago, while Dollar has been around since 1855.
Customers have already been notified by mail of the coming change. Mr. Smith said the most calls they have received have concerned the employees at the Progressive branches. The current employees will be retained and remain in their roles at the bank.
Changes will include improvements to the façade of the building, interior upgrades and possibly a new ATM. Dollar will also offer a variety of banking products such as online banking and remote deposits.
“We’re happy to be here. We’re going to do a lot to touch the community,” Mr. Smith said.
“Dollar Bank is committed to maintaining a branch presence in Allentown,” Barry Grant senior vice president of retail banking added.