Presidential
is Involved in the Community
Presidential Bank actively
lends money in the community from which it draws its deposits. Here are some
of the things we do to help meet community credit needs:
-
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- The home mortgages
we make in a single year exceed our total assets. We achieve this
volume by tapping the national secondary market for single family mortgages.
- We make loans on
small apartment buildings, many of which provide the most affordable kind
of housing available in the Washington, DC area. Often these residential
properties are located in low- and moderate-income neighborhoods.
- We make loans to
home buyers for the construction of a new home or major renovation of
an existing home.
- We participate in
the Virginia Housing Development Authority affordable housing program
for residents of the Commonwealth of Virginia.
- We make SBA loans
to small businesses. We also make commercial mortgage loans on properties
owned and occupied by small businesses.
- Members of our staff
belong to many different community organizations to keep in touch with
local community credit needs. These include real estate oriented organizations
such homebuilders', apartment owners', Realtors', and mortgage bankers'
organizations. Also included are Chambers of Commerce, as well as many
youth and charitable organizations.
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©
1995 - 2008 Presidential Bank, FSB
last updated 05/02/2008 lmm
Member FDIC
