LAKE CITY, Fla., October 20, 2020 – First Federal Bank was recently named on Newsweek’s America’s Best Banks 2021 as the Best Small Bank in Florida. This distinction is the result of Newsweek’s assessment of 2,500 FDIC-insured banks, measuring 55 different factors ranging from banking accounts and customer service, to financial reports from the FDIC.
“We are honored by this recognition, which emphasizes First Federal’s commitment to being a financially sound, community bank,” says FFB President and CEO John Medina. “Because we are a mutual savings bank, Newsweek acknowledged our ability to be more responsive to local customer needs. This accolade demonstrates that even through challenging times we remain committed to our purpose of providing stability to our employees, customers, and communities.”
Recognizing the pandemic has altered the way individuals function on a daily basis, including the way Americans bank, Newsweek compiled a list of the best-in-class banking institutions. Newsweek partnered with Lending Tree to rank 2,500 FDIC-insured financial institutions based on a wide variety of fees, interest rates, account terms and conditions, digital services, customer service features, and bank profile. To read the complete article, go to www.newsweek.com/americas-best-banks-2021/best-small-banks-state.
About First Federal Bank
First Federal Bank is a community-based mutual savings bank offering consumer and commercial banking solutions, services, and loans through banking offices in Florida’s Panhandle, North Central and East Florida, and coastal South Carolina. Mortgage, SBA and USDA customers are served through lending offices across the Southeast and Midwest. First Federal is headquartered in Lake City, Florida with assets totaling over $3 billion. First Federal has received a “5-Star, Superior” financial rating from BauerFinancial, Inc., of Coral Gables, Fla. for more than two decades. For more information, visit www.ffbf.com.
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