Wake Forest Bancshares is a federally chartered stock holding company for Wake Forest Federal which provides a range of financial services. Wake Forest Bancshares invests dividends received from the association, repurchases its common stock and distributes dividends to shareholders. Wake Forest Federal offers passbook savings, money market, now checking and individual retirement accounts. The bank offers electronic and online banking services, as well as operates a network of ATMs. It also provides certificates of deposit, safe-deposit boxes, money orders, and credit and debit cards. The bank offers night depository, cash management and wire transfer services. In addition, it offers a variety of loan and mortgage products.