Firstfed (NYSE:FED)
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From Jun 2019 to Jun 2024
First Federal Bank of California, the wholly-owned subsidiary of
FirstFed Financial Corp. (NYSE:FED), today announced the opening of its
newest branch location in Thousand Oaks. Located at 475 E. Avenida De
Los Arboles, the branch offers a full range of both consumer and
commercial banking products and services. A seasoned First Fed Branch
Manager, Maria Espana, will lead the Thousand Oaks branch team.
According to Shannon Millard, President of Retail Banking, “For
the past eight decades, First Federal Bank of California has been
providing a unique brand of one-on-one personal service and a wide
selection of first-rate financial products to the communities we serve.
We’re pleased to join the Thousand Oaks
community and look forward to serving the financial needs of local
residents and businesses to help them manage their finances, save,
invest and borrow better to ultimately live better.”
At September 30, 2008, the Bank’s risk-based
capital ratio was 15.87% and its core and tangible capital ratios were
8.38%, which are in excess of the 10% and 5% ratios, respectively,
required by the Bank’s federal regulators to
be considered “well-capitalized.”
Headquartered in Los Angeles, California, with the addition of the
Thousand Oaks branch, First Fed operates 39 retail banking offices in
Southern California. Two additional branches are slated to open in the
first quarter of 2009.
This news release contains certain forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. These forward-looking statements are subject to
various factors, many of which are beyond the Company’s
control, which could cause actual results to differ materially from such
statements. Such factors include, but are not limited to, the general
business environment, interest rate fluctuations, the availability of
branch opening opportunities, competitive conditions in the business and
geographic areas in which the Company conducts its business and
regulatory actions. In addition, these forward-looking statements are
subject to assumptions as to future business strategies and decisions
that are subject to change. The Company makes no guarantees or promises
regarding future results and assumes no responsibility to update such
forward-looking statements.
Corporate Address:
12555 W. Jefferson Blvd.
Los Angeles, CA 90066