Business Details
50+ Years
experience
Emergency
services
Your Trusted Community Bank in Winston-Salem, NC
Piedmont Federal Savings & Loanassociation has been dedicated to serving clients and communities since 1903. As a mutual savings bank, we prioritize accountability to our depositors, teammates, and communities, operating under a Federal Savings & Loan Charter since 1935. Our mutual structure allows us to focus on long-term community impact rather than shareholder profits, emphasizing relationship-driven services tailored to individual needs. With a vision to lead as a thought leader among mutual banks, we combine cultural, strategic, and financial excellence to fulfill our purpose: opening doors for clients through home purchases, savings, and business financing. Our valuesauthenticity, caring relationships, integrity, commitment, and progressguide every decision, ensuring stability and trust in the markets we serve.We invest in local communities, empowering businesses and individuals through personalized financial solutions. Our team delivers a best-in-class banking experience, supported by robust digital tools and 24/7 fraud protection. From personal accounts to business loans, we remain committed to innovation while honoring our century-old tradition of community-focused banking. Our annual day of service and scholarship programs reflect our dedication to education and local nonprofits. With locations across North Carolina, we continue to grow while maintaining the personal touch that defines our mutual heritage.
Services
Personal Checking
Business Loans
Mortgages
Savings Accounts
Credit Cards
Home Equity Loans
Commercial Banking
Online Banking
Student Banking
Safe Deposit Boxes
Details
- Year established: 1903
Highlights and features
- We offer over 100 years of experience in community-focused banking.
- Our mutual structure prioritizes client needs over shareholder profits.
- We provide localized financial solutions tailored to North Carolina communities.
- 24/7 fraud protection safeguards your accounts and cards.
- Our team delivers personalized service with deep regional expertise.
Associations and certifications
- FDIC
Services
Personal Checking
Our personal checking accounts provide no hidden fees, easy access to funds, and digital banking tools. Designed for everyday financial needs, they include features like mobile check deposit, bill pay, and overdraft protection. Ideal for individuals seeking reliable, user-friendly banking with local support.
Business Loans
We offer tailored business loans for startups, expansions, and operational needs. Services include term loans, lines of credit, and equipment financing. Our local decision-makers ensure quick approvals and competitive rates, supporting growth for LLCs, corporations, and nonprofits across North Carolina.
Mortgages
Our mortgage services include fixed-rate, adjustable-rate, and first-time homebuyer programs. With personalized guidance and local expertise, we streamline the home financing process. Features like refinance options and medical mortgage loans cater to diverse homeowner needs in Winston-Salem and surrounding areas.
Online Banking
Secure online banking enables 24/7 account management, including transfers, bill payments, and check deposits. Enhanced security features like two-factor authentication and CardValet app integration protect against fraud. Designed for convenience without compromising safety.
Student Banking
Student and youth accounts offer zero fees, savings incentives, and financial education resources. Aimed at teaching money management, these accounts include parental controls and rewards for academic achievements, fostering early financial literacy in young customers.
People
Scott E. Cawood
Chairman of the Board
Scott E. Cawood leads the board with decades of financial industry experience, guiding strategic initiatives and governance. Committed to community development, he ensures alignment with Piedmont Federal's mutual values and long-term vision.
David P. Barksdale
President and CEO
David P. Barksdale drives operational excellence and growth as CEO, leveraging extensive leadership in mutual banking. He focuses on innovation, customer-centric services, and strengthening community ties through localized financial solutions.
Neal S. Parnell
Chief Retail Banking Officer
Neal S. Parnell oversees retail operations, enhancing customer experiences and expanding branch services. With a focus on relationship banking, he ensures accessible, personalized financial solutions for individual clients across North Carolina.
TC Hinkle
Chief Financial Officer
TC Hinkle manages financial strategy and reporting, ensuring fiscal stability and transparency. His expertise in banking finance supports Piedmont Federal's commitment to prudent risk management and sustainable growth.
Douglas J. Stewart
Chief Information Officer
Douglas J. Stewart leads technology innovation, securing digital infrastructure and enhancing online banking tools. He prioritizes cybersecurity and user-friendly platforms to protect client data and improve service efficiency.
Questions
What services does Piedmont Federal Savings & Loanassociation offer?
We provide personal and business banking, including checking accounts, mortgages, loans, savings, credit cards, and online banking tools tailored to local needs.
Is my money safe at Piedmont Federal Savings & Loanassociation?
Yes, we are FDIC-insured, and employ advanced security measures like encryption, two-factor authentication, and real-time fraud monitoring to protect accounts.
How can I apply for a mortgage?
Apply online or contact a local loan officer for personalized guidance. We offer fixed-rate, adjustable-rate, and specialized programs like medical mortgages.
Do you offer business banking solutions?
Yes, we provide business checking, loans, treasury services, and financial wellness resources designed for local businesses, nonprofits, and corporations.
What community initiatives do you support?
We fund scholarships, volunteer over 350 hours annually, and finance local projects through our mutual commitment to community development and education.
How do I report a lost debit card?
Call (800) 472-3272 immediately to secure your account. Our team assists with card replacement and fraud resolution during and after business hours.
