News

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.

For media inquiries please contact:

Valerie Kovacs
Marketing Director
(216) 529-2698
vkovacs@ffl.net

July 17, 2015

First Federal Lakewood Receives Approval From Members and Regulatory Agencies to Form a Mutual Holding Company Structure

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

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March 20, 2015

First Federal Lakewood to Reorganize Into Mutual Holding Company Structure, Reaffirms Independence

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.

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