November, 2011 - Presidential Bank is upgrading all ATMs located at its nine branches, all of which are in the Washington, DC, metropolitan area. The new ATMs include larger and brighter screens, headphone jacks for the seeing impaired, and slide-and-retrieve card readers that ensure customers don’t forget their cards. These, among other features, will provide a more convenient and safe ATM banking experience for customers.

Branches in McLean, Reston, and Rosslyn, Virginia, will have the new ATMs installed during January and February, 2012. All other branches had their ATMs upgraded during the past few months.

September, 2011 - Douglas C. Haskett II joins Presidential Bank, FSB, as Executive Vice President and CFO. Mr. Haskett replaces previous EVP & CFO Dave Erickson, who recently retired. Mr. Haskett has more than fifteen years in banking and public accounting. He brings a broad background of financial and leadership experience to Presidential.

Prior to joining Presidential, Haskett served as Executive Vice President and CFO of a $1 billion commercial bank. In this position he managed most aspects of the company’s financial operations including finance, accounting, strategic planning, budgeting, asset liability management, bank relations, legal, and personnel. Previously, Haskett spent six years in banking serving in mortgage and banking positions from Audit Director to Chief Operating Officer and CFO. During this time, he was directly involved in all aspects of operational, strategic and financial management.

A certified public accountant, Haskett’s career included 9 years in public accounting, most of which was focused on providing auditing, internal control and corporate governance assurance services to financial institutions. Haskett holds a bachelor’s degree in Management from Virginia Wesleyan College and a Master’s of Science in Accounting from Old Dominion University.

June, 2011 - Among the first within our peer group, Presidential now offers Mobile Web Banking, an enhanced service for customers registered with Online Banking. Customers can access their account(s) anytime and from anywhere using a web-enabled mobile device. It’s safe, secure, and free! Customers may review transactions, pay bills, transfer funds, and more. Convenience banking at its finest!

Mobile Web Banking is simple to use. With a Smartphone or other web-enabled device, customers use the secure web browser to access Mobile Web Banking. When navigating to Online Banking from a mobile device, customers will be redirected to the Mobile Web Banking login page (see image to right). Using the same credentials as Online Banking, login is a simple step-by-step process. First-time users will be prompted to authenticate their identity. For security reasons, passwords are NOT allowed to cache/save to the mobile device. Additionally, BillPayer payees and transfer accounts can only be registered using computer-based Online Banking, not Mobile Web Banking. Once payees and transfer accounts are registered, customers may utilize Mobile Web Banking to make those transactions, securely.

Presidential Bank Recognized by The Waterford Foundation

April 22, 2011 - Presidential Bank was presented with the Partnership Award by the Waterford Foundation at this year’s annual meeting. Executive Director Nancy Doane presented the award to Bruce Cleveland, President and CEO of Presidential Bank, stating, “The Waterford Foundation has had nothing but good value and good service from Presidential Bank....”

The Bank and its representatives have supported the Foundation in many capacities over the years, from serving on the Board of Directors, providing key leadership through the turbulent years of saving the Phillips Farm, to serving on several committees. Additionally, the Bank was instrumental in establishing the Foundation’s Endowment Fund and continues to provide key leadership in its efforts to raise support for the Waterford Foundation’s mission, which is to preserve the historic buildings and open spaces of the National Historic Landmark District of Waterford, Virginia, and through education, to increase the public’s knowledge of life and work in an early American rural community.

The Waterford Foundation is a 501(c)(3) nonprofit organization. Waterford, Virginia, is a National Historic Landmark. In 1970, the Secretary of the Interior determined that the Waterford Historic District possessed national significance and designated it a National Historic Landmark. It is the highest designation of historic significance possible in the U.S., and places it on par with Mt. Vernon and Monticello—a rare honor. The determination was based on what the Secretary perceived as an extraordinary balance between the buildings of an intact historic agrarian village and the unspoiled agricultural setting that surrounds it. Waterford is also rare in that it is still a living community.

Text Message Banking Now Available

April, 2011 - Simple and secure, Text Message Banking provides freedom and convenience – while out shopping, check balances to see if there’s enough money to buy those stylish shoes or see if a paycheck posted while watching a favorite TV show. Best of all, Text Message Banking is free, secure and allows account management wherever and whenever needed. While Presidential will not charge customers for this service, cell phone providers may charge for usage time and/or text messaging. Customers should check with their cell phone providers for any fees and charges they may incur while using Text Message Banking.

Activation is simple. Online Banking users simply login, click the “Mobile Banking & Alerts” tab within Account Access, and follow the instructions. Customers may register one cell phone or more, giving families even more flexibility.

Soon to come will be Text Message Banking’s big brother… Mobile Web Banking. With Mobile Web Banking, customers with Smartphones will be able to access a specially designed Presidential Bank site to conduct Online Banking, similar to using a home computer but with the convenience of a mobile phone. And it’s secure and free, too! Be looking for more information on Presidential’s homepage or Online Banking.

Fourth Annual Holiday Receptions

January, 2011 - For the fourth consecutive year, December saw Presidential Bank thank it’s customers with a round of holiday receptions at several of its branch locations. Over 325 guests braved the frigid temperatures and poor weather to attend the receptions, with many customers attending for the first time.

Welcoming customers to the receptions were Bruce Cleveland, President & CEO, Dave Erickson, Executive Vice President & CFO, and other executive officers, managers and staff. Customers expressed compliments and appreciation for personalized service by branch and Customer Service Center staff. One customer expressed his sincerest appreciation for the Bank remaining solid, conservative, and service-oriented, as opposed to other banks that treated him as “a number.” Others raved about individual staff members who helped resolve account issues or guided them to products that better met their needs. It was clear the personal attention so intrinsic to Presidential’s culture made a real difference for many customers.

Hors d’oeuvres, hot and cold savories, wine & cheese, and sumptuous desserts added a tasty punctuation to the evenings. Many “compliments to the chef” were offered. As each reception drew to a close, conversations continued between customers and staff. All in all, this year’s Holiday Receptions were well received and fun for all.