Phoenixville Federal Bank &Trust

What Phoenixville Federal Bank &Trust does

Phoenixville Federal Bank & Trust is a mutual community savings bank headquartered in Phoenixville, Pennsylvania, tracing its origins to 1911 as the Oaks Building & Loan Association. Operating as a federally chartered mutual institution owned by its depositors rather than shareholders, the bank provides personal banking, small business banking, residential and commercial lending, and wealth management and trust services to consumers, small businesses, and high-net-worth households across Chester and Montgomery Counties, PA. It distributes services through five branch locations (Phoenixville, Royersford, Collegeville, Kimberton, Limerick), an administrative and Community Lending Center on Nutt Road, and digital channels including online banking (Fiserv MyVirtualBranch), iOS/Android mobile apps, Zelle, Apple Pay, Google Pay, and a Debit Card Manager.

The product suite spans four core lines: deposit products (free and interest-bearing checking, savings, club accounts, CDs, IRAs, money markets), consumer lending (mortgages, home equity loans and HELOCs, construction, student loans through PHEAA, credit cards), commercial banking (business checking, business loans, lines of credit, SBA financing, letters of credit, merchant services), and wealth management delivered via Addison Capital Group on the FIS WeblinkUIG3 platform with trust and fiduciary services including estate settlement, corporate trustee, and powers of attorney. Card products are issued through Mastercard across Standard, World, and Preferred Points Rewards tiers for both consumer and business segments.

Revenue is generated primarily through net interest income on the loan-deposit spread (residential, home equity, business, and consumer loans funded by checking, savings, CD, and money market deposits), supplemented by non-interest income from account service fees, overdraft charges ($34 per presentment), wire transfer fees ($25–$60), safe deposit box rentals, merchant services, and wealth management and trust fees. Go-to-market is community-led: the bank relies on local branch presence, personal relationships, community philanthropy ($211,500 donated in 2024), and event sponsorship rather than digital acquisition channels, with digital banking positioned as a complement to — rather than replacement for — in-person service.

Name

Phoenixville Federal Bank &Trust

Legal name

Phoenixville Federal Bank & Trust

Website

https://phoenixfed.com

Company type

Private

Founded year

1911

Operating status

Operating

Headcount range

101–250 employees

Short description

Phoenixville Federal Bank & Trust is a mutual community bank founded in 1911, serving individuals, small businesses, and high-net-worth clients across Chester and Montgomery Counties, Pennsylvania, through five branches and digital banking channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Savings Institution, Federally Chartered (6035), Investment Advice (6282)

akta.pro primary industry

Mutual Savings Banks & Mutual Thrifts (FSABAEAD)

akta.pro secondary industries

Escrow, Trust & Agency Services (escrow, paying agent, trustee) (FSABAIAI), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Community banking
• Retail banking services
• Commercial lending
• Consumer mortgages
• Wealth management services

Headquarters

HQ city

Phoenixville

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue source from spread between interest earned on loans (mortgages, home equity, business loans, personal loans) and interest paid on deposits (checking, savings, CDs, money markets).
2. Account Service Fees: Monthly service fees on accounts below minimum balance (e.g., $3/month for statement savings below $100), overdraft fees ($34 per presentment), wire transfer fees ($25-$60), and various transaction fees.
3. Non-Interest Income: Fees from merchant services, safe deposit box rentals, wire transfers, and other banking services.
4. Wealth Management Fees: Investment management and fiduciary services revenue through partnership with Addison Capital Group and proprietary Nest Egg investment platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Phoenixville Federal Bank & Trust is a federally chartered mutual savings bank that accepts deposits (checking, savings, CDs, IRAs, money markets) and originates loans (residential mortgages, home equity, consumer, student, commercial, and SBA loans) for consumers, small businesses, and non-profits in Chester and Montgomery Counties, PA. The bank also provides wealth management and trust/fiduciary services through an investment platform and partnership with Addison Capital Group, and supports customers with online and mobile banking channels.

Product overview

Phoenixville Federal Bank & Trust is a community bank offering a comprehensive suite of financial products and services. The core offerings include personal banking (checking, savings, CDs/IRAs, money market accounts, debit and credit cards), business banking (checking, CDs, money markets, commercial lending, SBA financing, merchant services), residential and consumer lending (mortgages, home equity loans/LOC, construction loans, student loans, personal loans), and wealth management (investment management, estate settlement, trust services, tax planning). Digital banking services include online and mobile banking with bill pay, mobile deposit, eStatements, Zelle peer-to-peer payments, and debit card management tools. The bank operates five branch locations across Chester and Montgomery Counties, PA, and serves customers through integrated digital and physical channels.

Differentiator

Problem solved

Functional benefit

Brands

• PA Forward Student Loan Program: A student loan program offered in partnership with the Pennsylvania Higher Education Assistance Agency (PHEAA) to help Pennsylvania students finance higher education.

Products and services

• Absolutely Free Checking Free personal checking account with no minimum balance requirement and no monthly service fee. Includes free debit card, online banking, bill pay, and mobile banking. For individual consumers.
• 50 N' Better Free Interest Checking Interest-bearing checking account for customers aged 50 and older with competitive interest rates, no minimum balance, and no monthly service charge.
• Direct Free Interest Checking Free checking account with interest for customers who set up direct deposit or automatic payment, combining interest-earning with fee-free convenience.
• Premium Interest Checking Higher-interest checking account for customers maintaining balances over $2,500. Features free personalized checks and competitive interest on all balances; $8 monthly fee if balance below $1,000.
• Passbook Savings Basic savings account with $100 minimum to open and earn interest. Interest compounded daily and credited quarterly.
• Statement Savings Savings account with $100 minimum balance. Offers interest compounded daily, monthly paper statements or eStatements, and $3 monthly fee waived for first cycle.
• Senior Gold Passbook Account Savings account for customers aged 62 and older with $20 minimum to open, no service fees, and 0.18% APY.
• Children's Savings Club Savings account for children from birth through age 13. $20 minimum to open with no service fees and interest compounded daily.
• Christmas Club Account Club account for holiday savings with $10 minimum to open. Disburses in early October with 2.00% APY.
• Vacation Club Account Club account for vacation savings with $10 minimum to open. Disburses in early April with 2.00% APY.
• Certificates of Deposit (CDs) Fixed-term deposit accounts with terms ranging from 2 to 39 months. Rates include 3.20% APY for 2-month CDs ($10,000 minimum) and 3.70% APY for 9 and 14-month CDs ($1,000 minimum).
• Growth Certificates of Deposit CD with $500 minimum and terms from 3 to 60 months. Interest compounded daily and credited quarterly. Rates range from 3.00% to 3.60% APY depending on term length.
• Income Certificates of Deposit CD with $5,000 minimum requiring simple interest paid monthly or quarterly. Terms of 6, 12, 18, 30, and 60 months available.
• IRA Statement Savings Individual Retirement Account savings with $20 minimum to open and earn interest. Interest compounded daily and credited quarterly at 0.15% APY.
• Phoenix Money Market Money market account with $2,500 minimum to open and earn interest. Variable tiered rates from 0.15% to 0.60% APY based on balance. Six cleared checks per statement cycle allowed.
• Residential Mortgages Fixed-rate mortgage loans up to 30 years with rates starting at 5.500% for 15-year (5.624% APR), 5.875% for 20-year (5.977% APR), and 6.250% for 30-year (6.330% APR) terms. Financing up to 95% of home purchases available.
• Home Equity Loans Fixed-rate home equity loans with terms from 1 to 20 years. Rates range from 5.561% to 6.519% APR with autopay discount. Maximum 80% LTV with no application fees.
• Home Equity Line of Credit (HELOC) Variable-rate line of credit with 6.49% APR autopay rate. 15-year draw period with interest-only payments, followed by 15-year repayment period. Maximum APR is 18%.
• Welcome Home First-Time Homebuyer Program Program for first-time homebuyers offering 0.125% rate discount, $1,000 toward closing costs, up to 97% financing, and fixed-rate mortgages up to 30 years.
• PA Forward Student Loan Program Private student loan program administered through PHEAA for Pennsylvania students. Features no application or origination fees, low fixed interest rates, multiple repayment options, and borrowing up to 100% of certified cost of attendance. Available for undergraduate, graduate, medical, health professional, parent loans, and refinancing.
• Construction Loans Single-settlement construction to permanent loan financing for building homes. Saves customers from settlement costs of two separate closings.
• Mortgage Recast Program Program allowing customers to make a lump-sum principal payment to reduce monthly payments without refinancing. No credit check, no change to interest rate or term. $500 processing fee.
• Residential Mortgage Rate Drop Advantage Program Program for existing mortgage customers to take advantage of lower interest rates without full refinancing. Fee of 0.50% of balance with $2,000 minimum.
• Free Business Checking Business checking account with first 1,000 free transactions per month (25 cents per item thereafter). Includes free debit card, online banking, bill pay, and mobile banking.
• Commercial Checking Commercial checking account with per-item fees for cleared checks, deposit tickets, and checks deposited. $12 monthly fee if not offset by earnings credit.
• Commercial Checking with Interest Interest-bearing commercial checking account. $22 monthly fee if not offset by interest earned.
• Non-Profit Checking Checking account designed for non-profit organizations with no per-item fees and $100 minimum daily balance to earn interest.
• Business CDs Business certificates of deposit available as Income Certificates ($5,000 minimum, simple interest) and Growth Certificates ($500 minimum, daily compounding).
• Business Money Market Business money market account with $2,500 minimum to open and earn interest. Variable tiered rates with $6 monthly service fee if balance falls below minimum.
• Business Loans Flexible business loans providing permanent working capital with fixed rates and terms. Includes owner-occupied and investment commercial mortgages for office, industrial, retail, and multi-family real estate.
• Business Lines of Credit Flexible credit lines for short-term working capital needs. Both real estate and non-real estate secured options available. Borrow only what is needed up to pre-approved limit.
• Business Letters of Credit Bank guarantee substituting Phoenixville Federal's creditworthiness for the customer's company. Covers repayment of borrowed money, payment on account of indebtedness, or payment on default claims.
• SBA Financing Small Business Administration financing programs providing alternative lending options for businesses.
• Merchant Services Payment processing services for businesses including credit card, debit card, and electronic payment processing. Features free comparisons, same-day approvals, no startup costs, 24/7 support, and in-store, online, and in-person options.
• Mastercard Standard Business Card Business credit card with no annual fee, competitive APR, rental car collision damage waiver protection, and 25-day interest-free grace period on purchases.
• Mastercard Preferred Points Rewards Business Card Business credit card earning one point per dollar spent (up to 10,000 points monthly). Points redeemable for cash-back, retail gift cards, and more. $49 annual fee.
• Mastercard Standard Consumer Card Consumer credit card with low introductory rate for six months, no annual fee, rental car collision damage waiver, and 25-day grace period. 24/7 support at 888-450-1842.
• Mastercard World Card & Preferred Points Card Premium consumer card with no annual fee, competitive ongoing APR, cash back through Preferred Points program, travel rewards including free round trips and hotel stays, and concierge services.
• Online Banking 24/7 internet banking platform for account access, transfers, bill pay, and account management. Provided through partnership with Fiserv (MyVirtualBranch).
• Mobile Banking Mobile banking app for Apple and Android devices. Includes account balance checking, transaction history, mobile check deposit, and bill payment. Available on App Store and Google Play.
• Zelle Peer-to-Peer Payments Peer-to-peer payment service integrated into online and mobile banking. Allows sending and receiving money using email or U.S. mobile number with funds typically available within minutes.
• Debit Card Manager Online tool for managing debit cards. Features include real-time alerts, card on/off control, spending limits by location/amount/merchant, travel notifications, digital wallet addition, and transaction dispute filing.
• Investment Management Wealth management service assigning dedicated relationship manager, portfolio manager, and administrator to each account. Develops comprehensive investment strategies based on client objectives, delivered in partnership with Addison Capital Group.
• Wealth Planning Estate planning services helping clients define plans and explore options. Advisors work with attorneys to review documents and ensure estate plans stay on track.
• Tax Planning Tax strategy development working with client's accountant to create plans tailored to family and investment portfolio for potential tax burden reduction.
• Nest Egg Investment Platform Easy investment option accessible via phone, tablet, or in-branch. Offers flexible account customization, diverse investment options, and guidance from banking team.
• Estate Settlement Services Trust service assisting with estate administration to ensure beneficiaries receive rightful inheritances.
• Corporate Trustee Services Full trustee services for individuals and families choosing Phoenixville Federal as their trust services provider.
• Powers of Attorney Planning Planning service helping clients establish power of attorney for trusted individuals to manage financial and legal affairs if unable to do so themselves.
• Safe Deposit Boxes Secure storage rental in various sizes (3x5, 5x5, 3x10, 5x10, 10x10) with annual rental fees. For account holders starting at $35/year.
• Wire Transfers Domestic and international wire transfer services. Incoming wire minimum $100 with no fee specified; outgoing wire minimum $100 with standard fee; foreign wire $60.
• Overdraft Protection and Privilege Overdraft Protection links checking to savings for automatic fund transfers; Overdraft Privilege is a courtesy service for accounts in good standing with no annual fees or interest charges.

Quantifiable outcome

• Over 113 years of continuous community banking service since 1912
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Addison Capital GroupcoreStrategic or Co-development PartnerPartnership for investment management services. Addison Capital Group works with Phoenixville Federal's wealth management team to provide comprehensive investment management services to customers. Each investment account is assigned a relationship manager, dedicated portfolio manager, and administrator.
• Pennsylvania Higher Education Assistance Agency (PHEAA)coreChannel Partner/ Reseller/ DistributorPhoenixville Federal offers PA Forward Student Loan Program through PHEAA. This provides undergraduate, graduate, parent, medical, health professional, and refinancing loan options for Pennsylvania residents and students from approved states attending Pennsylvania schools.
• FIS (Financial Information Services)coreTechnology or IntegrationFIS provides wealth management platform (WeblinkUIG3) for Phoenixville Federal's trust and investment clients. Customers access investment portfolios through FIS identity provider.
• Early Warning Services (Zelle)coreTechnology or IntegrationPartnership to provide Zelle person-to-person payment services integrated into online and mobile banking. Allows customers to send and receive money directly from checking accounts.
• MastercardcoreTechnology or IntegrationIssuance of Mastercard debit and credit cards for personal and business accounts. Includes Standard, World, and Preferred Points Rewards card tiers with features like rental car insurance, fraud protection, and reward points.

Scale indicators4 records

Recent moves16 records

Expansion highlights5 records

Broad incumbents

• Fulton Financial Corporation: Larger PA-headquartered bank holding company with full-service banking across PA, NJ, DE, MD, and VA. Comparable product suite and PA presence, but materially larger scale and broader geographic footprint.
• Customers Bancorp (Bryn Mawr Trust): PA-based commercial bank with significant presence in Chester County through Bryn Mawr Trust. Overlapping geographic market (Chester County) and comparable product suite including wealth management, but materially larger scale.

Direct peers

• Citizens & Northern Bank: Pennsylvania community bank providing personal, business banking, mortgages, and wealth management across northern PA. Similar community banking model and product mix to Phoenixville Federal.
• First Keystone Community Bank: Pennsylvania community bank providing personal, business, and mortgage banking across eastern PA. Comparable community bank model, scale, and geographic focus on PA markets.
• Tompkins Community Bank (formerly VIST Bank): PA-based community bank (Tompkins Financial subsidiary) serving southeastern Pennsylvania with personal, business, and mortgage banking. Comparable mid-sized community bank model with branch network in overlapping PA markets.
• Univest Bank & Trust Co. Pennsylvania-headquartered community bank and trust company offering personal banking, business lending, mortgages, and wealth management across the southeastern PA region. Comparable footprint, mutual-like community orientation, and full-service product suite.
• Embassy Bank for the Lehigh Valley: Pennsylvania-based community bank with comparable product suite including deposits, lending, and digital banking. Similar small-scale community bank operating model in PA.
• QNB Bank: Quakertown, PA-based community bank offering personal and business banking, mortgages, and wealth services. Comparable PA-based community bank with similar product suite and local relationship-driven model.
• Mid Penn Bank: Pennsylvania community bank providing personal, business, and mortgage banking across central and eastern PA. Similar scale, branch-based community model, and full-service product offering including wealth management.
• ESSA Bank & Trust: Pennsylvania-based mutual savings bank offering deposit, lending, and wealth management services across multiple branches. Highly comparable as a fellow PA mutual savings institution with similar community-bank operating model and product mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/phoenixville-federal-bank-trust-104770382918750
• LinkedInlinkedin.com/company/phoenixville-federal-bank-and-trust
• Instagraminstagram.com/pxvfed
• Xx.com/pxvfed

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenixville Federal Bank &Trust