In 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 in Oaks, Pennsylvania. Building & Loan board meetings were held in various locations, including the homes of the individuals involved, as well as the Oaks Fire Company. In 1912, the Building & Loan applied for and received a state charter and began accepting deposits from the general public. The small bank used those deposits to fund mortgages through 1938.
In 1939, the Building & Loan opened its first office building in the Borough of Phoenixville, Pennsylvania at 27 South Main Street, not far from the current Phoenixville branch. That same year, 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 the Phoenixville office to the current location at the corner of Main and Hall Streets, which boasted the first drive-thru banking window in the area. The bank’s first branch office was established in Royersford in 1975 with subsequent branches added in Collegeville in 1980, Kimberton in 1988, and Limerick in 2007.
The bank’s services grew to include Trust & Wealth Management, 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 on Nutt Road.
Financially strong and mutually-owned, Phoenixville Federal Bank & Trust remains committed to improving the quality of life in the communities we proudly serve.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154