Since 1903, our goal has been a simple one: to offer sound financial solutions that help our customers reach their goals.

Home office photoWe believe in knowing our customers by name and providing high touch personal service that cannot be found at other financial institutions. We offer a wide range of personal and business financial products for just about any need, whether it’s a home loan, commercial real estate loan, retirement planning, equipment financing or integrated account services for your company. Rates on all Piedmont Federal products are extremely competitive, and all our savings programs are safe and secure.


  • Be a thought leader among mutual banks.
  • Best in class: culturally, strategically, financially, and socially.

Our purpose is simple – We Open Doors For You. We open doors for you, whether you are purchasing a home, building savings or financing equipment for your business. We open doors for our communities to be better places to live. The foundation of this Purpose is our Values, which guide how we do business and are also our competitive advantage.


  • Be Authentic
  • Build Caring Relationships
  • Do What’s Right
  • Go All In
  • Move Forward

We pledge to live these Values in our service to you.

The ‘Mutual Benefit’
Piedmont Federal is a mutual savings bank and is FDIC-insured. As a mutual, Piedmont Federal is accountable to our customers, employees and communities.

Mutual banks are not publicly held and are not under the same quarterly earnings pressure as stock institutions. This enables Piedmont Federal to take a long-term perspective on operations, service to the community and meeting customer needs. Our bank is strongly committed to controlling risk and being a stable influence in the markets we serve.

Read our 2023 Annual Report here.


Piedmont Federal Bank got its start in 1903, when a small group of businessmen had the desire to help individuals and families achieve the dream of home ownership and build financial assets.
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Piedmont Federal Signage

  • Scott E. Cawood
    Chairman of the Board
  • David P. Barksdale
    President and Chief Executive Officer
  • Neal S. Parnell
    Chief Sales Officer
  • Charles D. Ryan
    Chief Credit Officer
  • Michelle B. Koster
    Chief Commercial Banking Officer
  • Michael W. Shelton
    Chief Financial Officer
  • Douglas J. Stewart
    Chief Information Officer
  • Filomena M. Wampler
    Chief Human Resources Officer
Bauer Financial 5-Star Rating

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