Advance Bank (Advance)
is formerly known as Berean Federal Savings Bank (Berean). Berean is
the oldest operating African American savings institution in the United States. Bereanís focuses on
single-family mortgage lending; almost all of Bereanís mortgage lending is to West Philadelphia
residents. Berean holds over $55 million in deposits. Berean is recognized among its peers in the
banking world and in the business arena as a strong, community-oriented financial institution.