The Best Place to have your money right now is in a strong community bank like First Federal Savings Bank.
Your life is too busy to spend time worrying about the security of your money. You can rest at ease and spend your time with family, friends, and everything else that matters knowing your investments are safe with us.
We are a safe, sound, healthy, well capitalized bank in no danger of having trouble as currently seen in the media. Since 1923, we have served our clients through both good and bad economic times. We are well positioned to support the community throughout this period of uncertainty. We will post solid earnings this year and have a strong return on equity. We are one of the top rated banks in the entire country in terms of performance and safety. We plan on staying that way.
Like you, we have worked hard for our money. We know you want your deposits safe, and the safest place is with us. We are here to protect your nest egg, your rainy-day fund, your children’s college fund, your retirement funds, and the funds you need to live today and tomorrow. We are also here to continue to help you finance your business, home, boat, car, or whatever fits your lifestyle.
We do not have exposure to Wall Street derivative instruments or sub-prime mortgages that are the root of the current crisis.
Even though this is being called a “banking crisis” by some, companies like Freddie Mac, Fannie Mae, Bear Sterns, Morgan Stanley, Merrill Lynch, and AIG are not banks. These companies are not regulated like banks and do not operate like banks.
Community banks have deposits from the community, make loans in the community, and we will be here to provide strength to the community. That is why community banks like us will continue to grow and thrive. The safety and stability we will provide is superior over other investment choices.
Sincerely,
B. Keith Johnson
Chief Executive Officer
