Prince
George’s Federal Savings Bank is a true Community Bank serving
the local area of Upper Marlboro in Prince George’s County and
the southern Maryland counties of Calvert, Anne Arundel, Charles
and St. Mary’s.
Founded in 1931, by a group of local businessmen, the
original By-Laws of the association stated “the objects of the
association are to promote thrift by providing a convenient and
safe method for people to save and invest money, and to provide
for the financing of homes.”
Our philosophy for more than 75
years has been to build long lasting relationships with each one
of our customers and to continue to develop products that will
meet their financial needs and to make banking a convenient,
easy and enjoyable experience.
Latest News
PROTECT YOUR INFORMATION AND IDENTITY
Phone Scams and Phishing scams are real. Don't become a
victim by responding to phone inquiries or emails asking for your account or
debit card information. We already have your information and will never contact
you through a third party.
FDIC INSURANCE COVERAGE
The standard insurance amount
of $250,000 per depositor is in effect through December 31, 2013. On January 1,
2014, the standard insurance amount will return to $100,000 per depositor for
all account categories except IRAs and other certain retirement accounts, which
will remain at $250,000 per depositor.
On October 14, 2008, the FDIC announced its temporary
Transaction Account Guarantee Program, providing depositors with unlimited
coverage for noninterest-bearing transaction account if their bank is a
participant in the FDIC’s Temporary Liquidity Guarantee Program. Noninterest
–bearing accounts include Demand Deposit Accounts (DDAs) and any transaction
account that has unlimited withdrawals and that cannot earn interest. Also
included are low-interest NOW accounts that cannot earn more than 0.5%
interest. Interest-bearing accounts include NOW accounts that can earn more
thant 0.5% interest, other interest-bearing checking accounts, Money Market
Deposit Accounts (MMDAs), savings accounts, and Certificates of Deposit (CDs).
This program is scheduled to end on December 31,2009
Prince
George’s Federal Savings Bank is a true Community Bank serving
the local area of Upper Marlboro in Prince George’s County and
the southern Maryland counties of Calvert, Anne Arundel, Charles
and St. Mary’s.