History & Mission
Phoenixville Federal Bank & Trust traces its origin to the tiny village of Oaks , Pennsylvania in the year 1911. A group of gentlemen concerned about the inability of people to secure mortgages for the purchase of homes formed the Oaks Building & Loan Association. At that time, the monthly meetings were held in various locations, including the homes of the individuals involved as well as the Oaks Fire Company. The Building & Loan accepted deposits from the general public and used those deposits to fund mortgages.
The Building & Loan functioned in this manner through 1938. As a result of its growing business, the Building & Loan sought to locate its first office building. It was determined to locate that office in the Borough of Phoenixville at 27 South Main Street . A decision was also made at that time to apply for a federal charter. In 1939, a charter was granted by the federal government and the name was changed from the Oaks Building & Loan to Phoenixville Federal Savings & Loan Association. The Phoenixville office was relocated to 120 South Main Street in 1951 and boasted the first drive-thru in the Phoenixville area. The first branch office was established in Royersford in 1975 with subsequent branches added at Collegeville in 1980 and at East Pikeland in 1988.
While we currently offer a full range of banking services, including wealth management services to meet individual and business needs, our primary goal of promoting thrift and home ownership remains unchanged.
As a financially strong, mutually-owned financial institution, we are committed to improving the quality of life for the citizens in the communities which we proudly serve.
