Dedicated to the belief that strong independent banks play a vital role in their communities, First Mutual Holding Co. (FMHC) was formed on August 3, 2015, to help mutual banks continue to prosper. It is believed to be the first depositor-owned, no-stock mutual holding company to be created since the Dodd-Frank Act reformed the financial services industry in 2010.
As a mutual holding company, FMHC provides a structure that allows affiliate banks to enhance their ability to serve customers and to continue their growth as depositor-owned institutions. FMHC’s affiliate banks share this commitment to preserve the viability of the mutual banking model for the benefit of communities throughout Ohio and the Midwest.
FMHC affiliate banks:
- First Federal Lakewood – Ohio’s largest independent depositor-owned bank. Founded in 1935, First Federal Lakewood operates 18 full-service branch locations and 14 mortgage lending offices throughout Ohio, providing deposit, lending, residential mortgage lending, cash management and investment services to individuals and businesses.
- Belpre Savings Bank - Since 1902, Belpre Savings Bank has served as Belpre, Ohio’s only hometown bank. With $46 million in assets and two banking offices in downtown Belpre, Belpre Savings Bank provides a wide range of banking services to its customers throughout southeast Ohio and the Parkersburg, West Virginia areas. Belpre Savings Bank is an affiliate of First Mutual Holding Co.
LAKEWOOD, OH, May 11, 2017 –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. Read full press release.
LAKEWOOD, OH and BELPRE, OH, November 15, 2016 – 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. Read full press release.
LAKEWOOD, OH and BELPRE, OH, August 20, 2015 – 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. Read full press release