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First Mutual Holding Co. (FMHC), a member-owned holding company headquartered in Ohio, today announced that Warsaw Federal Savings and Loan Association (“Warsaw Federal”) of Cincinnati, Ohio, agreed to affiliate with FMHC, pending approval of regulatory agencies and Warsaw Federal members.
First Mutual Holding Co. (FMHC), a member-owned holding company headquartered in Ohio, today announced that Blue Grass Federal Savings & Loan Association (“Blue Grass Federal”) of Paris, Kentucky, agreed to affiliate with FMHC, pending approval of regulatory agencies and of voting members of Blue Grass Federal.
First Mutual Holding Co. welcomes Margaret Wichman as the new SVP, Chief Financial Officer & Treasurer. In this role, Margaret brings her expertise in providing direction and management in accounting, financial compliance, and reporting, along with support towards the overall strategic imperatives and mutuality mission of First Mutual Holding Co. and the banks it serves.
First Mutual Holding Co. (“FMHC”), the largest member –owned mutual holding company of its kind in the Midwest, today announced the launch of First Mutual Bank, a result of the merger between Doolin Security Savings Bank, FSB (“Doolin”) and Belpre Savings Bank (“Belpre”).
First Mutual Holding Co. (“FMHC”), the largest member –owned mutual holding company of its kind in the Midwest, today announced that Doolin Security Savings Bank, FSB (“Doolin”) agreed to affiliate with FMHC, pending approval of regulatory agencies and of voting members of Doolin.
First Mutual Holding Company (FMHC), the largest depositor-owned mutual holding company of its kind in the Midwest, today announced that it has affiliated Belpre Savings Bank.
First Mutual Holding Co. (FMHC), the largest depositor-owned mutual holding company of its kind in the Midwest, announced today that Belpre Savings Bank in southeastern Ohio will become an affiliate bank of FMHC, pending approval of regulatory agencies and Belpre’s depositors and borrowers.
Considering how quickly the first round of funding for the Paycheck Protection Program was burned through and the ongoing demand for small business support amid the COVID-19 outbreak, initial expectations were that the second round of funding would evaporate in as quickly as 48 hours. Those concerns have not panned out, but time is still of the essence for applicants to get a piece of the existing funding.
With only 490 left today, more than 90% of the country's mutual bank charters have evaporated in the past 50 years. Helping the holdouts not just survive, but thrive, is where First Mutual Holding Co. (FMHC) and its CEO, Tom Fraser, come in.
First Mutual Holding Co. has announced its latest mutual bank affiliation in a combination with Warsaw Federal Savings and Loan Association of Cincinnati. The transaction is slated to close in Q1 of 2020, pending regulatory and member approvals. Being an affiliation among depositor-owned mutual banks, there's no money exchanged in the deal.
An Ohio mutual believes it is gaining momentum in a four-year-old effort to preserve small depositor-owned institutions. First Mutual Holding, the parent of the $2 billion-asset First Federal Lakewood, agreed on Friday to acquire the $35 million-asset Blue Grass Federal Savings & Loan Association in Paris, Ky.
First Mutual Holding Co., the parent company of mutual banks First Federal Lakewood and First Mutual Bank in Belpre, has announced its latest affiliation with Blue Grass Federal Savings & Loan Association of Paris, Ky.
The leader of an Ohio mutual has a plan to keep mutual banks from becoming extinct. Thomas Fraser believes in the cause so much that he recently gave up day-to-day oversight of First Federal Lakewood in Ohio. Fraser, who will remain CEO of the $1.8 billion-asset mutual's holding company, will spend more time pursuing mergers with other depositor-owned institutions. At the same time, he is looking to create more ways for independent-minded mutuals to remain relevant.