Business Details
50+ Years
experience
Your Trusted Banking Partner in Placerville, CA
Eldorado Savings Bank has served communities since 1958 with a commitment to personalized financial services. Our institution began in Placerville, California, offering savings programs and home ownership solutions through construction, purchase, and refinance loans. Over 66 years, we've expanded our service channels while maintaining core values of personal service and community focus. With $2.4 billion in assets and 35 convenient locations, we provide comprehensive personal and business banking solutions backed by FDIC insurance. Our team of dedicated professionals delivers modern financial tools including mobile banking, online services, and 24/7 telephone support. Recognized as one of America's safest banks with Bauer Financial's 5-star rating for 123 consecutive quarters, we maintain exceptional liquidity and loan performance metrics.Our operational philosophy emphasizes efficient service delivery through ATMs, internet banking, and mobile applications while preserving the personal touch that distinguishes us from larger institutions. Under the leadership of President & CEO David O. Cook, we continue to prioritize customer satisfaction through innovative products and community engagement. Our financial strength is demonstrated by $309.2 million in capital reserves and consistently low delinquency rates across our loan portfolio. This enduring commitment to financial stability and customer service excellence has made us a trusted partner for generations of clients throughout California.
Services
Personal Checking
Savings Accounts
Certificates of Deposit
IRAs
Visa Debit Cards
Business Checking
Home Loans
Refinance Loans
HELOCs
Mobile Banking
Details
- Year established: 1958
Highlights and features
- We've maintained Bauer Financial's 5-star safety rating for 123 consecutive quarters since 1993
- Our 35 convenient California locations combine local service with modern banking technology
- We offer 24/7 telephone banking support and mobile banking applications for anytime access
- Our loan portfolio demonstrates exceptional performance with only 13 delinquent accounts out of 4,039
- We maintain $697 million in liquidity to ensure financial stability and customer confidence
Associations and certifications
- FDIC
Services
Personal Checking
Our personal checking accounts provide convenient access to funds with multiple service options. Customers receive free ATM/Visa Debit Cards and enjoy features like mobile check deposit and online bill payment. These accounts cater to everyday financial needs while maintaining easy access through 35 branch locations and 24/7 digital banking services.
Home Loans
We offer comprehensive home financing solutions including purchase loans, refinance options, and construction financing. Our mortgage specialists provide personalized guidance through the loan process with competitive rates and terms tailored to individual financial situations. Online application tools simplify the initial steps for prospective homeowners.
Mobile Banking
Our mobile banking platform enables account management anytime, anywhere. Features include mobile check deposit, real-time balance tracking, bill payment, and transaction alerts. The app integrates with popular mobile wallets and provides secure access to account information through biometric authentication and encryption technologies.
Certificates of Deposit
We offer a range of certificate of deposit options with varying terms to help customers grow their savings securely. These FDIC-insured products provide guaranteed returns with competitive interest rates. Our financial specialists help clients choose appropriate CD terms based on individual investment goals and time horizons.
Business Banking
Our business banking solutions include checking accounts, savings programs, and retirement plans tailored for commercial clients. We provide specialized financial tools and dedicated support to help businesses manage cash flow, invest in growth opportunities, and maintain financial stability through economic cycles.
People
David O. Cook
President & Chief Executive Officer
David O. Cook leads Eldorado Savings Bank with over three decades of banking experience. He oversees strategic operations and maintains the institution's commitment to personalized service while implementing modern banking technologies. Under his leadership, the bank has maintained consistent growth and industry-leading safety ratings.
Questions
Is El Dorado Savings Bank FDIC insured?
Yes, we are FDIC-insured, providing deposit protection up to the maximum allowed by law.
What online banking services do you offer?
We provide 24/7 internet banking with bill payment, mobile check deposit, account management, and transaction alerts.
How many branch locations do you have?
We operate 35 convenient branch locations throughout California for in-person banking services.
What loan products are available?
We offer home loans, refinance options, HELOCs, and business lending solutions with competitive rates.
Are there mobile banking options?
Yes, our mobile app supports secure banking including payments, deposits, and account management.
What safety ratings do you hold?
We maintain Bauer Financial's 5-star safety rating, awarded for 123 consecutive quarters since 1993.
