About Us


  • 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’

Wake Forest Federal, A Division of Piedmont Federal Savings Bank, is a mutual savings bank and is FDIC-insured. As a mutual, we are 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 us 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.

Wake Forest Federal Bank Staff