Presidential Bank Offers Treasury Auctions

December, 2009 - Presidential is a direct participant with the Treasury Automated Auction Processing System (TAAPS) which allows participating customers to partake in initial offerings of U.S. Treasury bills, notes, bonds, and Treasury Inflation-Protected Securities (TIPS). Presidential charges no transaction commissions, mark-ups or fees for this service. Additionally, there is no need to open a U.S. Treasury account. Presidential takes care of all details necessary for customers to participate.

Treasury auctions are the initial offering of U.S. Treasury bills, notes, bonds, and Treasury Inflation-Protected Securities (TIPS) to institutional and individual investors directly from the U.S. Treasury. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities. Participating customers’ checking or savings accounts are debited on the settlement dates.

Presidential Bank customers wishing to participate in U.S. Treasury auctions should contact Susan Henry, Trust Department Manager, at 301-652-1616 ext.2276, or you may email her at susan@presidential.com.

Presidential is First Bank in DC Area with Finance Works®

December, 2009 - Finance Works®, a powerful cash management tool created by Intuit, the maker of Quickbooks®, is now available to all personal Online Banking users at Presidential Bank. The service is free to customers.

Finance Works® uses account data and enables customers to see spending trends, create budgets, and even track their small business expenses! Additionally, outside checking, savings, broker, and retirement accounts can also be tracked by adding them to their Finance Works® portfolios.

This new service is provided at no charge to users of Presidential’s Online Banking service. Once customers are logged in to Online Banking, they simply click on the Finance Works® tab to enjoy the most robust and easy-to-operate cash management system around.

And, just in time for tax season, TurboTax® online will also be offered. For more information about this service, see the TurboTax information once logged in.

Presidential Bank Serves Local Charity

May, 2009 - Presidential Bank was honored for its community service at the 2nd Annual Pull Tabs for Charity Luncheon on May 14, 2009, with special recognition conveyed to John McGuire, Branch Manager of the Bethesda office. Accepting on behalf of Presidential were Haila Cleaver, Vice President of Operations, and Mr. McGuire.

Presidential began its work with Pull Tabs for Charity in honor of a customer who lost an adult child to cancer. Pull Tabs for Charity provides direct financial support to the National Cancer Institute and Ronald McDonald House Charities through its alliance with the Institute of Scrap Recycling Industries. Pull Tabs for Charity collects pull tabs from cans throughout the United States, deposits them for recycling, and directs all proceeds to the charities. Over the past several months, Presidential branch offices served as collection points on behalf of Pull Tabs for Charity. Many customers and non-customers alike deposited thousands of pull tabs, making Presidential’s participation a great success.

Presidential Bank Awarded Technology Patent

February, 2009 - Bruce Cleveland, President & CEO, and Curt Johnson, Vice President & CIO, were awarded a patent by the United States Patent and Trademark Office for their work on behalf of Presidential Bank.

Their invention is a method, apparatus, and computer program for storing and retrieving historical account statements for online display. Historical account statements are stored and made available for retrieval online by using a text version of an organization's statements stored for periodic printing and mailing of statements. The statement displayed for online viewing appears as a duplicate, in all material respects, of the printed and mailed statements.

This invention was awarded Patent 7,383.212 on June 3, 2008, after an application and review process starting February 22, 2000. To view details of the patent, visit www.uspto.gov and search for Patent 7,383,212.

Second Annual Holiday Receptions a Success

January, 2009 - Surpassing the previous year’s attendance, the 2008 customer holiday receptions welcomed over 360 customers and guests. Bruce Cleveland, President & CEO, David Erickson, Executive VP & CFO, and other officers were on hand to personally convey thanks and offer well wishes. Receptions were hosted at branches in Bethesda, Leesburg, Rockville and Tysons during the month of December. Other branches, the Customer Service Center, and Operations were represented by their Managers and staff.

The receptions provided officers and staff the opportunity to personally thank customers for their business. Many customers conveyed their heartfelt appreciation for Presidential’s personalized service and good value. Accolades included: “unbelievable service,” “we feel like it’s our own private bank,” and “life-saving service!” Several expressed their thanks for Presidential’s principled management of their money, especially in light of recent bank failures. Needless to say, the receptions proved to be an overwhelming success!

Presidential hopes to continue similar efforts each year, fostering a sustained expression of appreciation to the people who provide for our success…our customers.