FED Firstfed Financial Corp

First Federal Bank of California, the wholly-owned subsidiary of FirstFed Financial Corp. (NYSE:FED), today announced the opening of two new branch office locations. Located in Westlake Village and Irvine, both branches are full-service, providing a complete range of both consumer and commercial banking products and services. According to Shannon Millard, President of Retail Banking, �Our branching strategy is to leverage our eight-decade reputation as a premier provider of financial services in communities that will benefit greatly from our one-to-one approach to banking and client service.� Ms. Millard continued, �We are focused on creating market synergy versus distribution density, and we�re putting branches in communities where we know we can make a difference and that support our overall business strategy to gain clients and build market share.� The new Westlake Village branch is located at 3835 E. Thousand Oaks Blvd; the Irvine branch is located at 3947 Irvine Blvd. To celebrate their openings, the branches will offer special introductory product promotions to local residents. Since 1929, First Federal Bank of California has been about �neighbors helping neighbors.� Helping clients manage their finances better, save, invest and borrow better to ultimately live better is at the core of their service philosophy. Locally managed and financially strong with core and risk based capital ratios above the �well-capitalized� minimums of 5% and 10% per the FDIC at approximately 10% and 19.5%, respectively, First Fed has over $7 billion in assets and 36 current branch locations, with more on the way. Branches in Buena Park and Anaheim are slated to open within the next couple of months. This news release contains certain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to various factors, many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. Such factors include, but are not limited to, the general business environment, interest rate fluctuations, the availability of branch opening opportunities, competitive conditions in the business and geographic areas in which the Company conducts its business and regulatory actions. In addition, these forward-looking statements are subject to assumptions as to future business strategies and decisions that are subject to change. The Company makes no guarantees or promises regarding future results and assumes no responsibility to update such forward-looking statements.