Online Banking

Secure lock

Auto Loans

Small Business

Checking and Savings

IRA

Pee Dee Federal Savings Bank History

In 1935 a group of twenty individuals met to organize a Savings and Loan Association for the purpose of providing home ownership to the residence of Marion County. The Association was chartered under the “Home Owner’s Act of 1933” and on October 8, 1935, Marion Federal Savings and Loan Association was Chartered. The first organizational meeting was held on October 16, 1935 in the Marion County Court House for the purpose of establishing By-Laws, electing Directors and Officers. There were nine Directors elected to serve until the first Annual Meeting which was January 27, 1936 and Mr. F.E. Watson was elected the Secretary-Treasurer of Marion Savings and Loan Association and the only full time employee.

At the time dividends on deposit were paid at a rate of 4% and the rate on real estate loans was 6%.

At the first annual meeting, January 27, 1936, nine Directors were elected with staggering terms to assure continuity of the Association. In December of 1958 Mr. Watson passed away and Mrs. Elizabeth Graham was elected as Managing Officer of Marion Savings and Loan Association.

In March of 1963 the name was changed from Marion Savings and Loan Association to Pee Dee Federal Savings and Loan Association. It was operated under the same charter and By-Laws. In April of 1963 Pee Dee Federal Savings and Loan Association was granted permission to open a Branch Office in Mullins, SC. In addition, Pee Dee Federal Savings and Loan Association moved into its present location at 106 E. Court Street Marion, SC.

As deregulation came about, Pee Dee Federal Savings and Loan Association changed its name to Pee Dee Federal Savings Bank in 1990. This was to better define the institution as being a full service Bank.

In June of 1980, William S. Skipper was elected Managing Officer; in January 1992 William H. Johnson, Jr. was elected Managing Officer to later become President of Pee Dee Federal Savings Bank. In January 2016 Ralph A. Atkinson was elected as President of Pee Dee Federal Savings Bank.

Classic Right Promo

Apply Now for a debit card for your small business! We also have other secure forms for all of your needs.