Dollar Bank - 1792 Exchange

Rating Overview

Dollar Bank is Medium Risk.

Dollar Mutual Bancorp is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	High Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Dollar Bank integrates DEI into its supply chain. From its Supplier Diversity Webpage: “Dollar Bank is committed to ensuring our Supplier Diversity Program provides on-going support and equal access to potential business opportunities for small and disadvantaged businesses, minority-owned businesses, woman-owned businesses and veteran–owned businesses” (1). Dollar Bank has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

High

Rationale:

Dollar Bank will not support “Religious organizations, with respect to religiously oriented activities and/or programs” (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Dollar Bank appears to prioritize diversity over merit in its supply chain. From its Supplier Diversity webpage: “At Dollar Bank, we recognize the economic importance of supplier diversity. We believe that an essential part of our success depends upon the vitality of the communities within which we live and do business, and strive to maintain a business environment that promotes qualified diverse suppliers through our Supplier Diversity Program. Dollar Bank is committed to ensuring our Supplier Diversity Program provides on-going support and equal access to potential business opportunities for small and disadvantaged businesses, minority-owned businesses, woman-owned businesses and veteran–owned businesses” (1). Dollar Bank does not provide viewpoint protections for its employees (2).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Dollar Bank’s CEO, James McQuade, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (1)(2). The company hired, Paul Spradley, for a Head of DEI role (3). However, in 2024 Dollar Banks let him go. It is not clear if the company intends to hire another DEI officer (4). Dollar Bank supports DEI within its business practices. From its DEI webpage: “Dollar Bank is deeply committed to building on our past efforts and intentionally advancing a culture of respect towards greater inclusion, diversity and equity for all employees and customers, while supporting the financial well-being and economic development of all people” (5).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

Dollar Bank has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

Dollar Bank has not used its PAC donations for ideological purposes and has not reported on its lobbying (1)(2)(3).