Keep up to date with what First Federal Lakewood is doing by checking this page for the latest news and information about the bank and our employees.
June 25, 2018
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio, today announced the appointment of Timothy E. Phillips as president & CEO. Phillips succeeds Thomas J. Fraser, who will now focus exclusively on his role as CEO of First Mutual Holding Co., the largest member-owned mutual holding company of its kind in the Midwest, with affiliates that include First Federal Lakewood and First Mutual Bank.
Learn More ›
April 05, 2018
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio with assets of $1.7 billion, announces that Anne Bingham has been named Vice President, Director of Private Banking Services.
Learn More ›
February 14, 2018
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio with assets of $1.7 billion, today announces the promotion of Jeffrey (Jeff) S. Bechtel from Chief Lending Officer to the newly created role of Executive Vice President, Chief Operating Officer.
Learn More ›
February 14, 2018
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio with assets of $1.7 billion, today announces several organizational appointments. Kurt Kappa has joined the bank as Senior Vice President, Chief Lending Officer, Richard “Rig” Goss has been promoted to the newly created role of Senior Vice President, Commercial Real Estate and Loan Operations, and Kurt Raicevich assumes the role of Senior Vice President, Retail Banking.
Learn More ›
October 13, 2017
First Federal Lakewood is pleased to introduce CardValet®, a mobile card management application that helps reduce fraud by allowing cardholders to monitor and manage accounts with their smartphone and control how, when, and where their debit card is used.
Learn More ›
October 06, 2017
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio, today announced the opening of its new branch at 33701 Center Ridge Road.
Learn More ›
April 21, 2017
First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio, today announced the appointment of Dr. Ellen Burts-Cooper to its board of directors.
Learn More ›
September 16, 2016
First Federal Lakewood today announced that W. Charles (Chas) Geiger III has been elected board chair. Geiger has served on the First Federal Lakewood board of directors since 1999. He succeeds Ronald W. Dees who served as chair since 2006. Dees continues serving as a board member of First Federal Lakewood and as board chair of First Mutual Holding Co. (FMHC). First Federal Lakewood is an affiliate of FMHC.
Learn More ›
July 17, 2015
First Federal Lakewood, the largest independent mutual bank headquartered in Ohio, announced today that it has received the required approvals from a majority of its members and from regulatory agencies (Federal Reserve, OCC and FDIC) to reorganize into a no-stock mutual holding company structure. Over the next several weeks the bank will formally establish First Mutual Holding Co. (FMHC), which is believed to be the first of its kind since the Dodd-Frank Act reformed the financial services indu
Learn More ›
March 20, 2015
First Federal Lakewood announced today that it intends to reorganize into a mutual holding company structure. This structure is expected to facilitate diversification, including the possible affiliation with smaller mutual banks. The mutual holding company structure will also provide a platform to capitalize on the bank’s financial strength and success, and offer First Federal Lakewood significant long-term operating efficiencies and increased competitiveness.
Learn More ›