Warsaw Federal Completes Affiliation with First Mutual Holding Co.
July 15, 2020 |
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Warsaw Federal Savings and Loan Association (“Warsaw Federal”) of Cincinnati, Ohio is officially an affiliate of First Mutual Holding Co. (FMHC), a depositor-owned holding company headquartered in Ohio. Warsaw Federal and FMHC previously announced the intention to form an affiliate relationship pending member and regulatory approval.
Warsaw Federal will continue to operate under its own name and remain an autonomous mutual bank, while continuing its 127-year history of community investment and serving the people of Price Hill and the Cincinnati community.
“Our affiliation with First Mutual Holding Co. brings a new level of support and resources to be even more effective in serving our customers and building on an enduring legacy of investing in our community,” said Sam J. DeBonis, Warsaw Federal president & CEO. “The future of Warsaw Federal looks brighter than ever and that’s good news for our customers as we continue expanding our product and service offering.”
Through the affiliation with FMHC, Warsaw Federal strengthens its position in the marketplace and offers a wider range of financial products and services, including a broader suite of residential mortgage and commercial loan options. Warsaw Federal also benefits from FMHC’s information security and technology solutions, operational and financial reporting systems.
“At FMHC, we are solely focused on helping mutual banks thrive so they can remain a vital part of their communities. We are excited to support Warsaw Federal’s ongoing growth and commitment to its customers and the Cincinnati neighborhoods it serves,” said Thomas J. Fraser, CEO of FMHC. “We are pleased to have received the full support of our regulatory agencies and Warsaw Federal’s customers, and officially welcome Warsaw Federal as an affiliate of First Mutual Holding Co.”
Warsaw Federal Savings and Loan Association
Warsaw Federal is an independent mutual bank based in Cincinnati, Ohio. Warsaw Federal operates two branch locations, providing banking products and services to individuals and businesses in greater Cincinnati and the surrounding communities. With roots in the community since 1893, Warsaw Federal is committed to creating healthy and vibrant communities. warsawfederal.com
First Mutual Holding Co.
First Mutual Holding Co. (FMHC) is a member-owned holding company headquartered in Ohio. FMHC provides a structure that allows independent affiliate banks to continue to serve their communities and grow as member-owned institutions. Affiliates of FMHC include First Federal Lakewood (Lakewood, Ohio), Blue Grass Federal Savings & Loan Association (Paris, KY) and First Mutual Bank (Belpre, Ohio). firstmutualholding.com