First Federal Bank of the Midwest

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First Federal Bank of the Midwest
TypePublic company
Nasdaq: FDEF
IndustryBanking
Founded1920; 102 years ago (1920)
HeadquartersDefiance, Ohio
Area served
Ohio, Michigan, Indiana
Key people
 William J. Small, Chairman
Donald P. Hileman, CEO & President
Kevin T. Thompson, CFO
RevenueIncrease $0.148 billion (2017)
Increase $0.032 billion (2017)
Total assetsIncrease $2.993 billion (2017)
Total equityIncrease $0.373 billion (2017)
Number of employees
674 (2017)
Websitewww.first-fed.com
Footnotes / references
[1]

First Federal Bank of the Midwest was a bank headquartered in Defiance, Ohio. First Defiance Financial Corp. (NASDAQ: FDEF) was the holding company for First Federal Bank of the Midwest.

It operated 28 full service branches and 35 automated teller machines in Ohio, Indiana and Michigan.

History[]

The bank was established in 1920 as FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF DEFIANCE.[2]

In 2000, the name of the bank was changed to First Federal Bank of the Midwest.[2]

In March 2008, the company acquired Pavilion Bancorp Inc. and its subsidiary, the Bank of Lenawee.[3]

In 2012, the company repurchased the stock issued to the United States Department of the Treasury in connection with its investment in the company via the Troubled Asset Relief Program and in 2015 the company repurchased the warrants issued to the Treasury.[4]

In February 2014, the company announced a merger with First Community Bank and entered the Columbus, Ohio market.[5] However, in April 2014, the merger agreement was terminated.[6]

In February 2017, the company acquired Commercial Bancshares, Inc. and The Commercial Savings Bank for $70.3 million.[7]

In January 2020, the holding company for First Federal Bank of the Midwest and First Insurance Group merged with United Community Financial Corp. In April 2020, the new company announced the unification of their banking businesses under the new name of Premier Bank.[8]

References[]

  1. ^ "Premier Financial Corp. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ a b "Institution History for FIRST FEDERAL BANK OF THE MIDWEST (981275)". Federal Financial Institutions Examination Council.
  3. ^ "First Defiance Completes the Acquisition of Pavilion Bancorp and Bank of Lenawee" (Press release). PRNewswire. March 14, 2008.
  4. ^ "First Defiance Financial Corp. Announces Repurchase of Outstanding TARP Warrant" (Press release). Business Wire. March 11, 2015.
  5. ^ "First Defiance Financial Corp. to Acquire First Community Bank, Enter Columbus Market" (Press release). Business Wire. February 18, 2014.
  6. ^ "First Defiance Financial Corp. and First Community Bank Announce Termination of Merger Agreement" (Press release). Business Wire. April 21, 2014.
  7. ^ "First Defiance Financial Corp. Completes the Acquisition of Commercial Bancshares, Inc. and The Commercial Savings Bank" (Press release). Business Wire. February 27, 2017.
  8. ^ "Premier Bank: First Federal, Home Savings announce name change".

External links[]

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