First Federal Bank of California Opens Two New Branches in Southern California
04 Juin 2008 - 10:11PM
Business Wire
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.
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