Monday, June 15, 2009

Dwelling House Savings and Loan told to raise capital or face sale, closure

He needed a job. So, he ran for Pittsburgh City Council.
Dwelling House Savings and Loan told to raise capital or face sale, closure Robert R. Lavelle, the 93-year-old former CEO of Dwelling House who now serves on its board of directors, said his son -- Robert M. Lavelle -- was terminated earlier this year from his position as the bank president along with Gonzell Phillips, the former controller.
Getting fired is one thing. To recover stolen funds is another.

3 comments:

Chris Peak said...

I think you're saying that the fired Lavelle is the same one who won District 6, and I thought the same thing when I first read the article. But the Councilperson-to-be is Robert Daniel Lavelle, the grandson of Robert R. Lavelle and either the son or nephew of Robert M. Lavelle, the fired bank president.

Nevertheless, it's probably notable that Councilperson-elect Lavelle was not mentioned in the article. Even if he doesn't hold a position with Dwelling House, it's still relevant to mention him, particularly since Dwelling House is in his district-to-be.

Mark Rauterkus said...

Thanks for that great clarification.

I saw a twitter mention and then went to read the article.

Great heads up on that.

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