FED Firstfed Financial Corp

First Federal Bank of California today announced the opening of its thirty-eighth retail banking office located at 704 S. State College Boulevard in Anaheim, California. According to Shannon Millard, President of Retail Banking, �In keeping with our branch expansion plan, our Anaheim/State College branch is our fifth branch opening this year and we have an additional two branches slated to open by year-end.� She continued, �With the goal of providing individuals and businesses alike with the financial products and services they need to help them manage, save, invest and borrow better so our clients can live better, we�re opening branches in communities in which we know we can make a difference.� Ms. Millard further commented, �Our one-on-one approach to banking and client service has served us, and the communities we serve, very well for the past eight decades.� With over twenty-five years of banking experience, one of First Fed�s seasoned Branch Managers, Ketty Givargis, is transferring from the Bank�s Mission Viejo branch to lead the Anaheim/State College branch team. Locally managed and financially strong, First Fed�s core and risk-based capital ratios at June 30, 2008 are significantly above the FDIC�s �well-capitalized� minimums of 5% and 10% at 9.45% and 17.83%, respectively. 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.