Peoples Savings Bank of McKeesport stock certificate circa 1881

Great double vignette on this piece with the Pennsylvania state seal at the top and two men poling a raft rotated on the left.  Unissued and not cancelled. Printed date 18__.

Incorporated 1873 as the United States Savings Bank of Pittsburgh, name changed to United States Bank of the City of Pittsburgh.  In 1881, the name of the company was changed to the Peoples Savings Bank of McKeesport. 

McKeesport suffers from the same problems as other Monongahela Valley communities — the collapse of the steel industry that was the linchpin of the local economy, leading to a massive exodus of people and subsequent poverty. In McKeesport, the economic base was built on its steel tube and pipe manufacturing plant, the world's largest producer of tubular goods at one time, employing more than 9,000 workers at its height and giving its hometown the nickname of “Tube City.” The plant closed in 1987.

The population fell from a high of 55,355 in 1940 to an estimated 17,493 in 2021, according to the U.S. Census.

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