Press Release - March 9, 2010
First Federal of Lakewood received a four star rating from Bauer Financial, an independent financial institution rating service, as of December 31, 2009.
The four star rating means that First Federal of Lakewood is judged to be an excellent bank and is recommended by Bauer Financial.
Gary R. Fix, President and CEO of First Federal of Lakewood, felt the excellent recommendation was well deserved. In a recent interview with the Cleveland Plain Dealer, Mr. Fix pointed out that in 2009 First Federal was profitable in every quarter, delinquency rates were kept low and the bank continued to lend enabling it to achieve record loan volume for the year.
First Federal is proud to have earned the four star rating and will continue to work hard to remain Safe, Strong and Secure.
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