A Message from our President

At Perpetual Federal Savings Bank, we handle the paperwork so you can focus on what matters to you.


President's Message

Welcome to Perpetual Federal Savings Bank. We appreciate your interest in our institution and look forward to hopefully serving you in the future.

Many years ago, an idea was born in the minds of a small group of men who entertained a vision and anticipated the needs of a people in the years which were ahead. Like many other true stories, the reality of this idea far exceeded the fondest hopes and expectations of these pioneers.

Wherever people join together in organized communities, there is a need for the services of a savings and a lending institution. One hundred and forty years ago, the problem presented itself in Urbana and the aggressiveness of this group of men whose purpose was to encourage the acquisition of real estate and an opportunity for the safe investment of their savings started the meager beginning of what today has materialized into a safe, sound, savings institution that serves an ever-growing clientele.

The growth and progress of the community in which we live has been matched by the growth and success of the Perpetual Federal Savings Bank.

From its first office in a second floor room in the 300 block of North Main Street to a building on Scioto Street and thence to its present location at 120 North Main Street which it has occupied since 1937, the story has been one of growth, achievement and service to its community.

All of these accomplishments are a fitting tribute to the leadership of the dedicated officers, directors and employees, past and present, who have given their time and expertise in the management and growth of our Association.

At Perpetual Federal, pleasing you pleases us.

Michael R. Melvin

President Director


Certificates of Deposit

Great Rates from a Stable Investment

Perpetual Federal Savings Bank specializes in CDs and understands you want to earn interest at great rates and terms from a safe, stable investment.


Traditional IRA

Prepare for Your Comfortable Retirement

Roth or Traditional IRAs provide pre-tax and after tax investment options.


Coverdell ESA

Coverdell Education Savings Account

Perpetual Federal Savings Bank can help you invest in a loved one’s education with a Coverdell Education Savings Account.


Personal Customer Service

We have been proudly serving our community for over 140 years. We want to provide you our legendary, face to face customer service. We are here to help. Please contact us if you need any assistance.