The medal's obverse bears logo of interlocking letters UTCO. Underneath, on center field, MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION; around, FIFTY YEARS OF SERVICE / · · · 1889 - 1939 · · ·
The reverse bears view of company's building in Pittsburgh with clouds behind. Around, THE UNION TRUST COMPANY / OF PITTSBURGH
The Union Trust Company of Pittsburgh was founded in 1889 by Andrew Mellon, the later Secretary of the Treasury. Initially named the Union Transfer and Trust Company, its purpose was "to faciliate the transfer and safekeeping of securities."
Their iconic Pittsburgh building was actually built by Henry Clay Frick to serve as a shopping arcade, but the quick growth and immense wealth of the Union Trust Company and its backers allowed them to purchase and repurpose the gorgeous building as a bank.
There are all kinds of urban legends associated with the building. One claims that there is a covenant on the building that requires it to maintain a chapel in perptuity because it is erected on the grounds of a church. This is apparently not true.
I love the art deco lettering of the logo. The interlocking letters are so simple and yet so beautiful.
The circular medal measures 76mm in diameter and was struck in bronze by the Medallic Art Company of New York. No mintage is reported.
References: MACo 1938-004