Prudential Savings Bank is a Pennsylvania chartered savings bank originally organized in 1886 as a Pennsylvania chartered mutual building and loan association. We were originally known as "The South Philadelphia Building and Loan Association No. 2". We converted to a mutual savings bank in August 2004, to a Mutual Holding Company structure in March 2005 and subsequently to a wholly owned stock subsidiary of Prudential Bancorp, Inc. in October 2013.
We began as a Building and Loan Association, a place where a group of savers would invest and lend money, primarily as mortgages, making home ownership possible for the average person. Today our services include traditional banking products such as deposit accounts and mortgage loans, but we also offer commercial real estate loans, construction and development loans, and business loans.