Business Details
41 Years
experience
Your Trusted Partner for Personal and Commercial Banking Solutions
Presidential Bank has served the financial needs of individuals and businesses since 1985, operating as a federally chartered savings bank headquartered in Bethesda, Maryland. With assets exceeding $960 million, we specialize in personal and commercial banking solutions, including mortgage lending, online banking services, and competitive deposit products. Our institution pioneered internet banking in 1995 and maintains a legacy of innovation through proprietary technology systems that provide long-term document storage and real-time account access. Regulated by the Office of the Comptroller of the Currency and FDIC-insured, we combine regulatory compliance with entrepreneurial agility to deliver personalized service across the Washington, DC metropolitan area.Our strategic focus on cost efficiency through digital channels enables competitive interest rates while maintaining sound capitalization that consistently exceeds regulatory requirements. Through three decades of local market expertise, we offer tailored financial solutions for consumers and businesses seeking reliable banking partnerships.
Services
Personal Checking
Savings Accounts
Certificates of Deposit
Home Mortgages
Commercial Lending
Online Banking
Mobile Banking
Loan Servicing
Wealth Management
FDIC Insurance
Details
- Year established: 1985
Highlights and features
- We offer over 35 years of continuous banking expertise since 1985
- Our proprietary online banking system provides permanent document storage
- Competitive interest rates ranked among the most attractive in the market
- 24/7 digital banking access with real-time account management
- Locally owned mortgage banking expertise serving Washington DC since 2008
Services
Personal Checking
Our personal checking accounts provide flexible financial management solutions with competitive features. Designed for everyday banking needs, these accounts offer convenient access through mobile banking, Zelle transfers, and nationwide ATM networks. Customers benefit from multiple account options tailored to different financial lifestyles while maintaining FDIC insurance coverage up to legal limits.
Home Mortgages
Presidential Bank offers comprehensive home mortgage solutions including purchase loans and equity financing. Our locally managed mortgage department specializes in competitive rate programs with personalized underwriting. As one of Washington DC's largest locally owned mortgage bankers, we combine regional market expertise with nationwide lending standards to serve homeowners and homebuyers.
Online Banking
Our 24/7 online banking platform enables account management from any device. Features include real-time balance checks, mobile check deposits, bill payments, and document storage. Developed in-house with patented technology, this system maintains permanent records of statements and transactions while incorporating advanced security protocols for safe digital banking.
Commercial Lending
We provide specialized commercial lending solutions for small to mid-sized businesses. Our expertise includes working capital loans, real estate financing, and equipment leasing. The bank focuses on underserved commercial borrowers through tailored loan structures under $2 million, combining personalized service with rigorous risk management practices.
Wealth Management
Our wealth management division offers trust services and self-directed IRAs for long-term financial planning. These accounts provide investment flexibility with custodial oversight while maintaining FDIC protection for cash balances. Clients access specialized tools for retirement planning and asset preservation through our affiliated financial services partners.
Questions
What FDIC insurance coverage does Presidential Bank provide?
All deposit accounts receive FDIC insurance up to $250,000 per depositor. We also participate in a bank network providing coverage up to $5 million through the Deposit Network Service.
Can I access banking services outside business hours?
Yes, our online and mobile banking platforms operate 24/7. Automated telephone banking is available nationwide at 800-317-6980 for balance checks and fund transfers.
How do I report a lost or stolen debit card?
Contact our Customer Service Center at 800-383-6266 immediately. Mobile app users can also temporarily disable cards through the card management feature.
What mortgage programs are available for first-time homebuyers?
Our mortgage department offers competitive rate programs with personalized guidance. We specialize in conventional loans and provide educational resources for first-time purchasers.
How can I update personal information on my account?
Log into online banking to modify contact details including email addresses and phone numbers. Significant changes require verification through our customer service team.
What security measures protect online banking activities?
We employ encryption, multi-factor authentication, and device recognition technology. Customers should maintain strong passwords and avoid public WiFi networks when accessing financial accounts.
