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2010
News
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Celebrating 25 Years! April 15, 2010 - On this day in 1985, Presidential Bank opened its first branch in Bethesda, Maryland. The bank opened with a desire to provide solid banking with straight-forward customer service. Over the years, Presidential Bank has seen several milestones of success and innovation. Presidential became the first bank in the United States to open customer accounts over the internet. In addition, the bank was an industry leader in offering nationwide customer service and products. A US Patent was awarded recently for storing and retrieving historical account statements for online display. Today, Presidential has nine traditional branches in Maryland, Virginia, and the District of Columbia, plus its online branch. Presidential thanks all our customers throughout the United States and the Washington, DC, area for making this anniversary possible. We appreciate your business and continued support. We look forward to serving you and future customers for years to come, and will continue to provide good value and good service. |
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Tax Statements Now Online February, 2010 - Tax statements for Presidential Bank accounts are now available to customers using Presidential’s personal Online Banking and Commercial Cash Management. Statements include 1098 and 1099 information. Currently, 2008 and 2009 tax year statements are available. Tax statements can be viewed, printed, or saved. Paper copies will continue to be mailed to customers, regardless if tax statements are accessed online. Accessing tax statements has been made easy. Once logged in to Online Banking, customers navigate to their tax statement(s) by clicking “Tax Statements” tabs. For Commercial Cash Management, customers first navigate to “Online Services” at the top of the screen, then click “Tax Statements”. By following the “Tax Statements” click-path, customers will reach a PDF version of their tax statement(s). Adobe Reader® is required to view, print, and save PDF files. Customers without Adobe Reader® can download a free version at www.adobe.com. |
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Third Time’s a Charm January, 2010 - During the month of December, over 422 customers and guests attended one of four holiday receptions at branches throughout the Washington, DC metro area, making Presidential Bank’s third annual holiday reception season a rousing success. Customers and guests were greeted by executive officers Bruce Cleveland, President and CEO, or Dave Erickson, Executive Vice President and CFO, or other executive officers along with branch management and staff. Started as a way to thank customers for their loyalty and celebrate the holiday season, Presidential’s annual receptions have grown in appeal and attendance each year. With a total attendance of 265 in 2007, 360 in 2008, and this year’s 422, facilities were full of holiday cheer, to say the least. During the receptions, Presidential’s officers and staff thanked customers for their loyalty. They also presented the traditional United States Mint Presidential $1 coin. Conversely, many customers offered tribute to the Bank’s customer service, product value, and principled management, especially during the economic challenges of the past several months. By all accounts, Presidential’s third annual holiday reception season was a grand success. |
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