Piedmont Federal Bank Opening Doors for a Stronger Community

Having served our community for 121 years — making them the oldest financial institution founded in Winston-Salem that is still in existence today — Piedmont Federal Bank continues to rebrand and strengthen its tradition of being a community-centered bank.

Their steadfast focus is guiding customers to achieve their goals — and those goals require opening doors. Whether you’re purchasing a home, building your personal savings, or financing equipment for a small business venture, opening those doors for new growth builds a stronger community all around — and the very best place for your family to call home!

If you’re new to the area, know that the founders of Piedmont Federal believed in a strict set of values that have translated through the years, via impeccable personal service, always remaining authentic, building caring relationships, simply doing what’s right, and yes, knowing customers by name!

Of course Piedmont Federal offers a wide range of personal and business financial products, from home mortgage loans, home equity loans, personal loans, equipment loans, and commercial real estate loans, to retirement planning, and integrated account services for your company. You’ll find rates on all Piedmont Federal products are extremely competitive, and all their savings programs are safe and secure.

It’s easy to see why the company is the small-to-midsize bank of choice for so many residents and business owners in Clemmons, Winston-Salem, and the surrounding areas. And, the growth continues!

“We have recently acquired Wake Forest Federal, which means we will be expanding into new markets, especially in the Triangle,” shares Neal Parnell, Chief Retail Banking Officer. 

The mortgage banking line has always been very active and continues to expand as well — opening up greater opportunities to help families in the community be successful in home ownership. No matter your stage of life, the experts at Piedmont Federal can make the road to a new home a smoother journey.

We provide a customized mortgage experience to meet the needs of our clients, including a full conventional mortgage offering for first time home buyers, repeat buyers, down payment assistance programs, and construction-to-permanent loans for those wanting to build a new home,” explains Neal. “We also offer programs to help with buying homes for family members, and those with acreage and unique dwellings.”

Piedmont Federal allows clients to choose the interest rate program that works for them or offers them the option to keep their loan local and have loan servicing right here at a local branch.

Piedmont is also well-positioned to help with local business needs as well.  Michelle Koster recently joined Piedmont Federal as Chief Commercial Banking Officer to oversee exciting expansions in the commercial banking line to serve the community’s needs more fully. From commercial real estate loans, equipment financing, and lines of credit, the Piedmont Federal team will always be a trusted advocate for your business; providing local loan decisioning and personalized service.

“We are also working enthusiastically to become a GREEN bank by being more environmentally friendly — always planet over paper! — and developing a carbon neutral mortgage product,” says Neal. “Clients can choose the option for eStatements when they log in to online banking.”

Built on community since day one, this much-respected mutual savings bank was founded by a small group of businessmen intent on guiding their neighbors towards owning a home and establishing financial security. As a mutual bank, Piedmont Federal is accountable to clients, employees, and the communities it serves, and you’ll find that a great deal of the current community was built through their financing programs. Let them work for your family!

For more information on the personal promise of Piedmont Federal Bank and an overview of their comprehensive services, visit them at piedmontfederal.bank, and follow them on Instagram @piedmontfederalsavingsbank. The home office of Piedmont Federal Bank is located in Winston-Salem at 201 S. Stratford Road, 336-770-1000, and the Clemmons branch is conveniently located at 3701 Clemmons Road, 336-766-0581. Additional branches are located around Winston-Salem, and in High Point, Boone, Kernersville, and North Wilkesboro.


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