FED Firstfed Financial Corp

First Federal Bank of California today announced the opening of its newest banking office in Buena Park. Located at 7872 Valley View Street, this branch will provide the local community with a full array of both consumer and business banking products and services. With the strategy of delivering a brand of one-on-one, relationship banking that has been the cornerstone of First Fed�s success for nearly eight decades; Buena Park is the latest community to benefit from the Bank�s style of banking. According to Shannon Millard, President of Retail Banking, �We are delighted to be part of the Buena Park community and look forward to providing both individuals and businesses alike with a unique and meaningful banking experience that we know is unparalleled in the industry.� Since 1929, First Federal Bank of California has been focused on meeting the financial needs of the communities in which it serves. Helping clients manage their finances, save, invest and borrow better, and to ultimately live better, is at the heart of First Fed�s service philosophy. Locally managed and financially strong with core and risk based capital ratios at nearly twice the �well-capitalized� minimums of 5% and 10% per the FDIC at approximately 10% and 19.5%, respectively at March 31, 2008, First Fed has over $7 billion in assets and 37 branch locations, with more on the way. Branches in Anaheim, Thousand Oaks and Laguna Hills are scheduled to open by year-end. Headquartered in Los Angeles, California, First Federal Bank of California is a subsidiary of FirstFed Financial Corp. (NYSE:FED). 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.