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Current Events

 
52nd Huntington Heritage Days Parade
 
 
First Federal Savings Bank Named in Top 200 Community Banks for the Fourth Year in a Row
 
First Federal Savings Bank of Huntington was recently recognized as a top performer among Community Banks for 2014 by American Banker Magazine. The top 200 institutions, out of 750 eligible banks, are determined based on asset size, are ranked according to their profitability over the past three years. First Federal Savings Bank President & CEO, Michael Zahn, states, “We are very pleased with our consistent above average earnings.” Zahn continues, “Our success can be attributed to the dedication of our team and our culture of embracing community banking.” Only 14 banks from the state of Indiana made this elite group. This is the 4th year in a row that First Federal Savings Bank has been named as one of the Top 200 Community Banks by American Banker Magazine. 
 
 
First Federal Savings Bank Receives Five Star Award
First Federal Savings Bank received a Five Star Award from the Indiana Bankers Association at the Association’s Mega Conference held May 11 – May 13 in Indianapolis. First Federal Savings Bank was one of 45 banks statewide granted the Five Star Award in recognition of its commitment to the Association in the areas of political awareness, issue advocacy, life-long learning, volunteerism and community involvement. The mission of the Indiana Bankers Association is to work collectively to improve the business environment for banking to a far greater extent than any single institution could accomplish on its own. The success of this mission is wholly dependent upon the support and participation of each member institution.
 
First Federal employees who attended sessions at the Mega conference were: Lupka Baloski, Joe Cavacini, Dee Ann Hammel, Ian Hope, Randy Sizemore and Michael Zahn. Employees could earn continuing education credits while strengthening their areas of expertise at the bank. Sessions were offered for Operations & Technology, Human Resources, Business Lending, Trust, Compliance, Directors, Marketing, Sales & Customer Service, Mortgage Lending and Financial Management.
 
President & CEO, Michael Zahn, accepts the 5 Star Award on behalf of First Federal Savings Bank from IBA President and CEO, Joe DeHaven, on Tuesday, May 12th.
 
Banking on Community - 2014 Survey Results
 
Banks offer services to their local communities that extend far beyond the teller window and ATMs. In addition to providing loans and capital to individuals and businesses, many banks become deeply involved in local organizations, providing time, talent and capital to help build better communities. First Federal takes this responsibility seriously, donating over $55,000 and volunteering countless hours to the communities of Huntington, Warsaw and Fort Wayne in 2014. 

To measure the donations of Indiana banks to their communities, the Indiana Bankers Association (IBA) surveyed member banks about their community involvement through 2014. First Federal Savings Bank was one of the 31 IBA-member institutions that responded, representing approximately 22 percent of membership. The totals below are interpolated, using the respondents as a proxy for all member banks of the IBA.
 
Survey Results
In the category of general community causes (charitable groups/nonprofits, schools, hospitals and youth groups, etc.), IBA members reported the following outreach for 2014:
   27,491            Community groups were assisted
   23,979            Bank associates helped with bank-sponsored community causes
   518,618          Man-hours of service were donated by bank associates to  community causes
   $951,123       Dollars were raised (through car washes, staff “dress down” days, etc.) for community causes
   $45,543,225   Dollars were donated by banks to community causes
   $1,082,149     Dollars were donated by banks to scholarship opportunities
   $932,659        Dollars were donated through in-kind contribution to community  causes
 

First Federal Savings Bank Announces New Board Member

Randy Sizemore was elected Director to the Boards of Northeast Indiana Bancorp and First Federal Savings Bank at the December 2014 board meetings. He is the Chief Financial Officer and Senior Vice President at First Federal Savings Bank.
 
First Federal Savings Bank President, CEO and Board member, Michael Zahn, states, “Randy is an excellent addition to the Board. His dedication and leadership will be valuable assets. I’m looking forward to working with Randy at the Board level.”
 
Randy graduated from Ball State University with a B.S. degree in Accounting. In August of 2008, he was awarded a diploma from the Graduate School of Banking at the University of Wisconsin-Madison. Randy brings 21 years of financial institution experience to First Federal. Randy is a member of the Huntington Rotary Club, a board member for Huntington County Economic Development, a past board member and board president for Pathfinder Services and a graduate of Huntington County Leadership. Randy resides in Huntington with his wife and their four sons where they are members of the Huntington Church of the Nazarene.

 

First Federal Savings Bank Named #1 SBA Lender in Northeast Indiana

First Federal Savings Bank was recognized as the number one SBA Lender in Northeast Indiana in the most recent issue of the Greater Fort Wayne Business Weekly Results were taken from October 2013 to September 2014 and covered a 12 county area. Of the 31 institutions listed, First Federal Savings Bank led the way in total SBA 7(A) loans at $15.16 million. That performance was almost 60% higher than the next lender. In addition to leading this territory in SBA lending, First Federal Savings Bank was third overall in the State of Indiana with $25.664 million in SBA loans during the same time period.
 
First Federal Savings Bank President and CEO, Michael Zahn, comments, “Small businesses are vital to the success of our communities. As a community bank, it gives us great pride to be able to provide capital to businesses to help them succeed and grow.” Zahn continues, “Our commercial team does an incredible job working with our business clients to find the right financing products to meet their needs.”
 
First Federal Savings Bank Announces Board Transitions
 
Daniel L. Stephan and Randall C. Rider have retired from the Boards of Northeast Indiana Bancorp and First Federal Savings Bank. Mr. Stephan served on the Bank for 27 years and Mr. Rider served for 25 years. Both board members ended their service at the October meeting. 
 
Mr. Stephan is a past Indiana State Representative, current owner of Stephan Lawn Management and is also a farmer. He earned a Bachelor’s Degree from Ball State University. He and his wife, Linda, live in Huntington County and have two grown sons.
 
Mr. Rider is current President and owner of Lime City Manufacturing. He earned a Bachelor’s degree from Purdue University and a Masters of Arts from The Methodist Theological School of Ohio. He and his wife, Karen, live in Michigan. Mr. Rider has 4 grown children and one granddaughter. 
 
While living in Huntington, Mr. Rider served on numerous local non-for-profit boards and committees. He served the United Way as both campaign volunteer and board member, concluding with serving as Board President. In addition he served on the Huntington County Chamber of Commerce Board, the Huntington College Foundation Board, the then Huntington County Community Foundation Board; serving as its President for five years, and the Huntington County Medical Society Foundation Board. He is a Lifetime member and was President of the Huntington Optimist Club. In June of 1999, Mr. Rider was honored with membership as a Chief of the Flint Springs Tribe. 
 
Kyle Koob, was elected Director to the Boards of Northeast Indiana Bancorp and First Federal Savings Bank in August of this year. He is the President of Advanced Machine & Tool Corporation (AMT) in Fort Wayne, a capital equipment builder and automation provider to electric motor manufacturers. Prior to serving as President, Mr. Koob was Vice President of Marketing & Engineering and Sales Manager for the tooling division at AMT. 
 
Mr. Koob holds a Bachelor’s degree from Purdue University where he was a member of Phi Gamma Delta fraternity. He is a member of the Association of Manufacturing Technology, an active member in the St. Elizabeth Ann Seton Church and a former president of the Eagle Creek Homeowners Association. He and his wife, Tricia, are the parents of four children.
 
The Boards welcome Kyle Koob and thank Daniel Stephan and Randall Rider for their years of service. Bank President, CEO and fellow board member, Michael Zahn, states, “Dan and Randy will both be missed. The contribution they have made to First Federal over the years is immeasurable. We wish them nothing but the best in retirement.” He continues, “We are excited about having Kyle join the Boards providing leadership and direction.”
 
Zahns, First Federal Savings Bank donate to Boys & Girls Club
 
The Parkview Boys & Girls Club of Huntington County is continuing to work towards their Capital Campaign goal of raising $3.5 million. These funds will be used to build a new facility to serve the youth of Huntington County. It is only through the help of generous donors in this community that the Club has already raised over $3 million.
 
The Club is grateful to the Zahn family and First Federal Savings Bank for their combined gift of $115,000 towards the new facility. Michael Zahn, president and CEO of First Federal Savings Bank, states, “First Federal Savings Bank and the Zahn family are honored to have the opportunity to support the Boys and Girls Club Capital Campaign. This organization is dedicated to serving the youth of Huntington County. The impact Mandy and her staff make in the lives of these children are immeasurable and will have positive ramifications for years to come.”
 
The new Boys & Girls Club will be located on East State Street and the old facility will be demolished. The Club continues to receive pledges and donations on a weekly basis towards their campaign and plans to break ground in 2014. Mandy Reber, executive director for the Club states, “We are absolutely thrilled.” 
 

Fun Fridays

One Friday per month, First Federal employees are allowed to dress in casual clothes for a small contribution to a local charity or organization. First Federal employees have made donations totaling over $6,000.00 to benefit our community. Below is a short list of the organizations that benefited from Fun Fridays.

  • Cystic Fibrosis
  • Juvenile Diabetes Research Foundation
  • Ronald McDonald House
  • United Way
  • Our Father's House
  • Assoc. of Churches of Htgn. Co.
  • YMCA
  • American Red Cross
  • Boys and Girls Club
  • Youth Services Bureau
  • LOVE, Inc.
  • St. Jude Children's Research Hospital
  • Beaman Home
  • Youth Leadership
  • Big Brothers Big Sisters
  • The Malta House
  • Huntington House
  • Cancer Society for Htgn. Co.
  • Alzheimer's Association
  • March of Dimes
  • MDA
  • Open Door
  • McKenzie's Hope
  • Salvation Army
  • Humane Shelter
  • Riley Children's Hospital

 

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