Piedmont Federal

Piedmont Federal got its start in 1903 when a small group of businessmen saw a need for a reliable source for home financing in Winston-Salem and created Piedmont Building and Loan Association. In 1911, a young man from Stokes County named Nicholas Mitchell became managing officer. Mr. Mitchell proved to be such a good manager that his leadership helped the Association prepare for the turbulent times ahead. Through Mr. Mitchell's guidance, not a single depositor lost a penny during the Great Depression. N.W. Mitchell followed in his father's footsteps and led the institution from the 1950s into the 1980s. Today, the family tradition continues with CEO Nick W. Mitchell, Jr. at the helm and steering Piedmont Federal into the next 100 years.

Our goal is simple—to help people become homeowners. That's what we've been doing successfully for for over 100 years through readily available mortgage financing. We also help our customers to become financially independent by offering a variety of safe, sure and secure savings programs, all of which are insured by the FDIC.