About PSBA

Mission Statement

The objective of the PSBA is to promote the general welfare of its members, to establish high standards of ethical conduct among them, to provide the benefits to be derived from personal acquaintance and to afford the means of discussing matters pertaining to the securities business.

Biography

The Pittsburgh Stock & Bond Association (PSBA), a non-profit organization, was formed in 1996 as a result of a merger between two-long standing professional organizations: the Bond Club of Pittsburgh and the Pittsburgh Securities Association. With a membership of approximately 150, the PSBA represents fixed income and equity traders, investment executives, sales personnel and other industry professionals. We are an affiliate of the Security Traders Association (STA).

Important dates in the history of the Pittsburgh Stock and Bond Association

FEBRUARY 1, 1924, The Bond Club of Pittsburgh was formed.

FEBRUARY 6, 1924, The first meeting was held at the Union Club of Pittsburgh.  AW.Mellon and R.B Mellon were elected as honorary members at this first meeting of the Pittsburgh Bond Club  

 MARCH 22, 1926, R.K. Mellon became a member Pittsburgh Bond Club board of directors

CIRCA 1947, The Pittsburgh Securities Traders Association (PSTA) was created.

The PSTA’s first outing was held on May 2, 1948 at Shannopin Country Club.

In 1948, PSTA became a member of The Security Traders Association (STA).

 Two members of the PSTA were elected Chairmen of the National STA

ROBERT WOEBER (1974)

RICHARD HUFNAGEL (1981)

Since inception, the PSTA (1947) and the BCP (1924) maintained separate organizations however, due to the consolidation of the financial industry in the city of Pittsburgh in 1995 the two organizations merged to become the Pittsburgh Stock & Bond Association.  The merger was passed by a majority vote by both memberships. The first membership meeting of the new organization (PSBA) was conducted on March 13, 1996, at the Rivers Club of Pittsburgh.