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 applied for and received a state charter, officially organizing in March of 1912. The Building & Loan accepted deposits from the general public and used those deposits to fund mortgages and they continued to operate in this manner through 1938.

As a result of its growing business, the Building & Loan sought to locate its first office building 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.

In 1953 the bank relocated its office to the current location at the corner of Main and Hall Streets, which boasted the first drive-thru banking window in the Phoenixville area. The bank’s first branch office was established in Royersford in 1975 with subsequent branches added in Collegeville in 1980, East Pikeland in 1988, and Limerick in 2007.

The bank’s services offered grew to include Trust & Wealth Management and Investment Brokerage, and as a result, the name was changed in 2003 to Phoenixville Federal Bank & Trust. The Community Lending Center and Administrative Offices were established in 2005 at the renovated Mason Street School in Phoenixville.

This financially strong, mutually-owned financial institution is committed to improving the quality of life in the communities which they proudly serve.

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