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.


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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