About Third Federal Savings Bank
We were founded in 1921 as The Polish American Savings Building and Loan Association in the cradle of American history, Philadelphia.
On April 11, 1831, Comly Rich - the community's lamplighter, borrowed $375.00 to buy a small house in the Frankford section of Philadelphia. This was the first mortgage in the United States and the money was provided – more... through the savings of Mr. Richs' neighbors. No, we did not make that loan but we continue the tradition of providing our customers with a safe place to save their money and a friendly place to borrow when the need arises. In 1967, Third Federal adopted the lamplighter as a symbol of our commitment to the community.
From the very beginning, we have maintained our commitment to serve the banking needs of our communities. Although we are much larger in size today, we continue to maintain our philosophy of providing personal financial services to our customers. We have expanded our market area to cover three contiguous counties in Pennsylvania and New Jersey. Our assets in the beginning were $26,000.00. We have grown in size to $725 Million as of December 2002.
Our first deposits were in the form of Share interests deposited monthly by our customers. These soon became passbook deposits. Loans were for the purchase of a home in the community. Now we lend for almost any personal or small business need and deposits take many forms. – less – More from ZoomInfo »
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