Presidential Again Awarded "Outstanding" CRA Rating

8/10/1999
For the second time, Presidential Savings Bank has been rated "Outstanding", the highest category, under the Community Reinvestment Act.   This rating results from the most recent regulatory Compliance Examination of Presidential® conducted by the Office of Thrift Supervision (OTS), Presidential's federal regulatory agency, during June and July.  In determining this rating, OTS took note of not only Presidential's record of significant home mortgage lending volume in neighborhoods throughout the Washington, DC, metropolitan area, but also Presidential's record of extensive lending to finance smaller apartment buildings in low and moderate income neighborhoods in the District of Columbia and elsewhere in the Washington area

Presidential® was also rated "Outstanding" under the Community Reinvestment Act following its regulatory Compliance Examination conducted as of December 5, 1995.