Presidential Bank Recognized by The Waterford Foundation

4/22/2011
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.