Monday, May 25th, 2020

First Federal named Top 200 community banks

Posted: Friday, May 15, 2020

First Federal Savings Bank (FFSB) has been named to American Banker Magazine’s Top 200 Community Banks for the ninth consecutive year. The magazine qualifies banks for this listing if they have less than $2 billion in total assets and have stock that is publicly traded.

There were 633 banks eligible to be ranked using these qualifiers. FFSB came in at #97 on this year’s list. The magazine ranked the institutions based on the profitability metric, Return on average equity, over a three-year period. Only 13 banks from the state of Indiana made this elite list.

Michael Zahn, president and CEO of First Federal Savings Bank, states, “It is an honor to be recognized by American Banker Magazine as one of the top performing banks in the country. Embracing our role as a community bank while providing exceptional customer service from our dedicated team has led to our success over the years.”