First Federal Savings Bank Named Top 200 Community Bank for 11th Year In A Row First Federal Savings Bank Named Top 200 Community Bank for 11th Year In A Row First Federal Savings Bank Named Top 200 C
May 27, 2022 at 2:05 p.m.
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FFSB came in at #62 on this year’s list of the top 200 publicly traded community banks. This is a 16-spot improvement from #78 in 2020. The magazine ranked the institutions based on the profitability metric, return on average equity, over a 3-year period. Only 12 banks from the state of Indiana made this elite list and First Federal Savings Bank ranked 4th in the State.
Michael Zahn, president and CEO of First Federal Savings Bank, states, “It is an honor to be recognized by American Banker Magazine for the 11th year in row. Embracing our role as a community bank while providing exceptional customer service from our dedicated team has led to our financial success.”
In addition, Northeast Indiana Bancorp Inc., the holding company for First Federal Savings Bank, maintained its position on the dividend champions list. To achieve champion status, a company must increase its dividend payments to its shareholders for 25 consecutive years. Northeast Indiana Bancorp is one of 141 companies in the United States to achieve this status and one of four companies from Indiana. Currently Northeast Indiana Bancorp has increased dividends 27 years in a row.
First Federal Savings Bank operates 7 locations in Huntington, Fort Wayne and Warsaw and can be found on the web at www.firstfedindiana.bank.
FFSB came in at #62 on this year’s list of the top 200 publicly traded community banks. This is a 16-spot improvement from #78 in 2020. The magazine ranked the institutions based on the profitability metric, return on average equity, over a 3-year period. Only 12 banks from the state of Indiana made this elite list and First Federal Savings Bank ranked 4th in the State.
Michael Zahn, president and CEO of First Federal Savings Bank, states, “It is an honor to be recognized by American Banker Magazine for the 11th year in row. Embracing our role as a community bank while providing exceptional customer service from our dedicated team has led to our financial success.”
In addition, Northeast Indiana Bancorp Inc., the holding company for First Federal Savings Bank, maintained its position on the dividend champions list. To achieve champion status, a company must increase its dividend payments to its shareholders for 25 consecutive years. Northeast Indiana Bancorp is one of 141 companies in the United States to achieve this status and one of four companies from Indiana. Currently Northeast Indiana Bancorp has increased dividends 27 years in a row.
First Federal Savings Bank operates 7 locations in Huntington, Fort Wayne and Warsaw and can be found on the web at www.firstfedindiana.bank.
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