Coatesville Savings Bank is state-chartered, FDIC-insured, mutual savings bank headquartered in Coatesville, Chester County, Pennsylvania. Its story begins almost 100 years ago.
In 1919, fifteen men with the pooled resources of some two hundred dollars met in the back of the Coatesville Trust Company at Third Avenue and Lincoln Highway in Coatesville, PA. They united under the name of the Industrial Building and Loan Association and offered a chance at home ownership to those to whom it would not otherwise be readily available.
The association began to prosper and in 1926 merged with Steel City Building and Loan. Surviving the stock market crash in 1929 and the Great Depression, the association moved its location to an office space on Second Avenue. Through the years the association changed its name to the Industrial Savings and Loan Association later to become Coatesville Federal Savings and Loan. In 1970 Coatesville Federal Savings and Loan merged with the Citizens' Building and Loan.
After 57 years of successful operation in the Coatesville area, the officers and directors of the Coatesville Federal Savings and Loan Association made application for the bank's first branch office. That branch opened in the spring of 1977 in the New Holland Shopping Center just west of New Holland, Lancaster County, Pennsylvania offering full services including a broad range of savings plans, home mortgage loans, and customer conveniences such as money orders and travelers' checks.
In October of 1991, the official name of the association became Coatesville Savings Bank following a conversion to a state-chartered institution.
On January 9, 1996 Coatesville Savings Bank opened its Oxford Branch. Located in the heart of Oxford, the branch is equipped to serve the financial needs of customers located in the southern part of Chester and Lancaster Counties.
In November 2000, the Bank began offering Internet Banking through its website, and, in combination with the Bank's telephone banking product entered the era of 24/7 banking. The Bank's commitment to technology extends to this day as it offers automated teller machines, debit cards, mobile banking, bill payment services, remote deposit capture services, and ACH and direct deposit processing options.
In January 2007, in response to the needs of the local community, the Bank established an office along Georgetown Road in Christiana, Lancaster County, Pennsylvania.
The Trustees and Employees of Coatesville Savings Bank are committed to providing outstanding customer service, competitive products and services, and involvement and support for the communities we serve. It's how we define community banking. It's how you can define Coatesville Savings Bank.