News

Forbes – a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle – released its 2025 “America’s Best-in-State Bank” list on June 17 and ranked First Federal Bank as number one in Idaho. It is the third year in a row that First Federal has claimed the top spot, and fourth out of the last five years. The prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider.

“This is an incredible honor and a testament to the tireless work of our employees,” stated Jason Meyerhoeffer, President and CEO of First Federal Bank. “We are deeply committed to creating an extraordinary customer experience as well as enhancing the financial well-being of our customers. A designation like this reaffirms our efforts and impact as well as our standing as Idaho’s community bank of choice.”

America’s Best-In-State Banks aims to showcase the institutions most valued by residents in each state and to recognize the banks that have excelled in meeting the unique needs and expectations of their local communities. The ranking is based on an independent survey of over 26,000 customers in the U.S. Participants evaluated banks on several criteria, including trust, financial advice, customer services, digital services, branch services, and terms and conditions. They also rated the importance of these criteria. A sentiment analysis was also conducted using publicly available reviews and scores.

To read the Forbes article and access the complete “Best-In-State Banks” list, click here https://www.forbes.com/lists/best-in-state-banks/.