When you decide where to deposit your paycheck, take out a mortgage or business loan, or start saving for college or retirement, your banking options range from local to national. A community bank like First Federal Bank stands apart because the staff treats customers with a friendly personal touch. Not only that, this community bank has deep roots in the Twin Falls region, where the bank was founded more than 100 years ago.
What is a Community Bank?
The Federal Reserve defines a community bank as a bank with less than $10 billion in assets. First Federal fits this definition but, in addition to serving as a community bank, First Federal is also a mutual bank. Unlike large national banks that have shareholders, a mutual bank is owned by its customers. “We are the only mutual bank in Idaho and are very much aligned with our customers’ interests,” said Jason Meyerhoeffer, First Federal president and CEO. “Our mission is to help customers enhance their financial well-being.”