Dollar Bank in Pittsburgh said Stephen C. Hansen, its chairman and chief executive officer for more than two decades until his June retirement, died Tuesday at the age of 67.
Mr. Hansen also had been Dollar's president for about 30 years before ceding that title in April. During his presidency the mutual thrift's assets grew from $1 billion to more than $5 billion.
Dollar, which announced his death Wednesday, said it came after a brief illness. A local newspaper reported that Mr. Hansen had been diagnosed with cancer two months ago.
He started out in public service. He had held positions with the Federal Deposit Insurance Corp. and the Department of Housing and Urban Development and had been a state legislator in New York.
He joined Dollar in 1976 as a senior vice president and became the youngest president in its history two years later, at the age of 38. His civic and industry activities included serving as a member of the Federal Reserve Board of Cleveland.
A strong advocate of mutuality, Mr. Hansen "often preached" that its mutual status allowed Dollar to remain independent and to be more innovative, the thrift said. He spearheaded the formation of the Freedom ATM Alliance, a group that works to give customers of small institutions surcharge-free access to large banks' automated teller machines.
