Quick Facts
Quick
Facts: Who is Presidential Online Bank?
-
Presidential Bank, FSB, was established in
1985 by the founders of GIT Investment Funds (now called Mosaic Funds) of
Arlington, Virginia, a group of stock, bond and money market mutual funds,
which had its origins in 1975.
-
Today, Presidential remains a privately held, entrepreneurial
organization, run by major owner A. Bruce Cleveland, President and CEO.
- During the entire decade of the '90s,
Presidential's compound annual return on equity surpassed the performance
of every other bank in its Washington, DC area home market.
- Presidential Online Bank (www.presidential.com) was THE FIRST online
bank in America, starting October 6, 1995, and is a subsidiary of Presidential
Bank, FSB, which opened in 1985.
- Presidential Online Bank continues to maintain capital levels in excess of regulatory requirements and serves the lending needs of its community.
- Presidential Online Bank has an easily navigable website providing up-to-the-second,
real-time information about current interest rates and customers’ balances
and transactions.
- Presidential Online Bank provides a refreshing mix of traditional “small
bank” personal service with secure, high-tech convenience.
Quick
Facts: About Online Security
- Presidential Online Bank is dedicated to secure, easy, and convenient on-line
banking and is taking careful precautions to prevent fraud.
- Customers seeking to open accounts are screened for a history of writing
bad checks and other indicators of risk.
- Customer service personnel have instant online access to scanned customer
signatures to validate the authenticity of written customer instructions.
- Presidential hired Trident Data Systems, online security experts, to attempt
a penetration of their system. Happily, Trident was unsuccessful. They were unable to get at any customer information,
no matter how hard they tried.
Quick
Facts: Consumer Deposit Accounts
- Presidential offers great value for consumers, consistently giving the highest
interest rates.
- Presidential offers free online bill paying of certain accounts.
- Presidential offers its customers the ability to instantly and safely access
their full banking history
- Presidential Online Bank takes the historical bank statement process one
step further by using check imagery. This allows the customer to view their
copies of their canceled checks online. Customers can search by dollar amount,
date or by check number.
Presidential’s full range of consumer offerings include:
- Consumer deposit accounts
- Home mortgages
- Home equity loans
- Overdraft lines of credit
Quick Facts: Commercial Accounts
Presidential Online Bank is the only bank in the US to offer an instant commercial
loan qualification process. Their “2 minutes/$2 million” instant commercial
loan qualification process means the applicant can qualify for a Presidential
Online Bank loan in as little as 2 minutes for up to $2 million.
And, the customer never has to come into the bank to apply in person.
Yet, to keep the personal touch that is enjoyed at their brick and mortar banks,
Presidential Online Bank’s lenders usually fly out to see the new commercial loan
applicant once the loan has preliminary approval, taking their laptops and wireless
modems with them to expedite completion of the process.
Presidential’s full range of commercial offerings include:
- Business lines of credit
- Commercial real estate mortgage loans
- Multifamily loans
- Government contractor loans
- Equipment
leasing
_____________________________________________________________________
Presidential Bank, FSB, has forged
new directions in banking since 1995, when it became the first brick and mortar
bank in the United States to open accounts over the Internet at www.presidential.com.
Presidential Online Bank (the Internet “branch”), has consistently offered
the highest interest rates to customers with deposit accounts, and is the only
commercial lender with an instant “2 minutes/$2 million” online loan qualification
process. Unique to the online banking
world, Presidential Online Bank delivers real-time, high-value banking services
for both consumers and businesses, while maintaining a refreshing mix of traditional
“small bank” personal services with secure, high-tech convenience.
Deposit
Products | Loan Products | Investments| Electronic Banking | About
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Presidential Bank reminds you that email@presidential.com is NOT a secure means of communication. Please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. We encourage you to maintain contact with us through our new Secure Email service, located within Personal Online Banking. Help us keep YOUR personal information PRIVATE!
email@presidential.com (General Inquiries) or Secure Email available through
Personal Online Banking
©
1995 - 2012 Presidential Bank, FSB
last updated 02/24/2012 lmm
Member FDIC
