January 1, 2000

Y2K Okay!!! The employees of Presidential Savings Bank have confirmed that all systems are available and functioning properly since the century date rollover. Employees will be in the administrative offices to continue monitoring and testing throughout the weekend. We will attempt to return voice mail messages that are left on our Customer Service voice mailbox at 1-800-383-6266 throughout the weekend and on Monday. We do expect unusual call volume and internet traffic throughout the beginning of the week. Please do not be alarmed if you receive a busy signal or if you are unable to log in immediately to your PC Banking.

December 30, 1999

Presidential Savings Bank, FSB will be here all weekend to verify that all systems are up and available for your use. We do expect unusual telephone and internet volume from December 31, 1999 to January 4, 2000. Please do not be alarmed if you receive a busy signal or if you receive a message that you cannot get into your PC Banking. We will be updating our website over the weekend to inform you of the status of all critical systems on January 1, 2000. We will be in the office verifying communications and systems and will attempt to return any voice mail messages that are left at our Customer Service voice mailbox at 1-800-383-6266.

Year 2000

At Presidential, we have been fine-tuning all of our "mission critical" computer systems to make sure that when the calendar ticks over from the 20th to the 21st century there will be no interruption in your banking services. Our Year 2000 date change preparedness has been checked, rechecked and tested by Presidential employees and consultants and by our Federal regulators. In addition to examining our own Y2K preparedness, we are testing the readiness of our business partners that we rely on for vital services.

There can be no guarantees that the Year 2000 will come and go without problems. According to the U.S. Securities and Exchange Commission, "...efforts to solve Year 2000 are best described as risk mitigation. Success in the effort will have been achieved if the number and seriousness of any technical failures is minimized, and they are quickly identified and repaired if they do occur."

At Presidential we are prepared to do whatever it takes to ensure we minimize the impact of any problems on our customers. We encourage you to bring your Year 2000 banking questions and concerns to us. E-mail us at email@presidential.com or contact one of our branch locations.

Common Sense Y2K tips

Beware of Y2K Scams!

Never respond to unsolicited requests for any personal or financial data.

The best way to avoid these swindlers is to never respond to any unsolicited request for personal or financial data, such as your social security number, any bank account numbers or ATM or debit card PIN's or passwords.

Here are a few scams that have been reported:

One of the best ways to avoid becoming the victim of fraud is to verify the credentials of the caller before providing any personal or financial information. If an unsolicited caller you don't personally know claims to be calling from your bank, call us or check them out with your state or local consumer protection office. If the individual is offering a service, such as making your business's computers Y2K compliant, ask for reference or check with your local Better Business Bureau.

If you suspect a scam, report it immediatly to your state Attorney General's office. And remember, the safest place for your money is in a bank, where your deposits are insured up to $100,000 by Uncle Sam.