| 2009 News Stories | |
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Presidential Bank Awarded Technology Patent
February, 2009 - Bruce Cleveland, President & CEO, and Curt Johnson, Vice President & CIO, were awarded a patent by the United States Patent and Trademark Office for their work on behalf of Presidential Bank.
Their invention is a method, apparatus, and computer program for storing and retrieving historical account statements for online display. Historical account statements are stored and made available for retrieval online by using a text version of an organization's statements stored for periodic printing and mailing of statements. The statement displayed for online viewing appears as a duplicate, in all material respects, of the printed and mailed statements.
This invention was awarded Patent 7,383.212 on June 3, 2008, after an application and review process starting February 22, 2000. To view details of the patent, visit www.uspto.gov and search for Patent 7,383,212.
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Presidential Bank Receives the Bankrate.com® Top Tier Award
January, 2009 - Presidential Bank received the Bankrate.com® Top Tier award for consistently offering annual percentage yields (APYs) that were among the highest reported in 100 Highest Yields® for 4th quarter 2008. The Bankrate.com® Top Tier award is presented quarterly to those institutions that have achieved a “top 3” ranking in any of the deposit products that are tracked for the 100 Highest Yields newsletter database. The Bankrate.com® Top Tier award assists individual consumers in identifying those institutions that consistently offer high-yields on their FDIC-insured deposit products.
Second Annual Holiday Receptions a Success
January, 2009 - Surpassing the previous year’s attendance, the 2008 customer holiday receptions welcomed over 360 customers and guests. Bruce Cleveland, President & CEO, David Erickson, Executive VP & CFO, and other officers were on hand to personally convey thanks and offer well wishes. Receptions were hosted at branches in Bethesda, Leesburg, Rockville and Tysons during the month of December. Other branches, the Customer Service Center, and Operations were represented by their Managers and staff.
The receptions provided officers and staff the opportunity to personally thank customers for their business. Many customers conveyed their heartfelt appreciation for Presidential’s personalized service and good value. Accolades included: “unbelievable service,” “we feel like it’s our own private bank,” and “life-saving service!” Several expressed their thanks for Presidential’s principled management of their money, especially in light of recent bank failures. Needless to say, the receptions proved to be an overwhelming success!
Presidential hopes to continue similar efforts each year, fostering a sustained expression of appreciation to the people who provide for our success…our customers.
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