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Company History First Federal Bank of California was founded in 1929, and in 1935 became a federal mutual institution called First Federal Savings and Loan Association of Santa Monica.
In 1983, we converted from a federally-chartered mutual association to a federally-chartered stock company. We also changed our approach to lending and capital management by switching our focus from long-term fixed rate loans to adjustable rate mortgages. Another milestone was achieved in 1987 when the holding company, FirstFed Financial Corp., was created and listed on the New York Stock Exchange (symbol: FED). Subsequently, in 1989, First Federal Savings Bank became First Federal Bank of California to reflect our investment in the California marketplace.
For more than 78 years, First Federal Bank of California has been serving the financial needs of the communities in which we serve. From a simple Savings and Loan offering savings accounts and home loans, we now offer full-service personal and business banking, income property loans, Internet banking and wealth management and trust services.
Mission Statement
“We are committed to providing quality community banking by exceeding our clients’ expectations in a personalized, relationship-driven environment. Our commitment to excellence is exemplified by the Bank’s investment in the development of each employee. Every member of our team is committed to the Bank’s vision and is empowered and motivated to deliver exceptional service to every client at every opportunity.”
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