Affiliates of FMHC
include First Federal Lakewood, based in Lakewood, Ohio and Belpre Savings Bank, based in Belpre, Ohio.
FMHC was established as a depositor-owned mutual holding company on August 3, 2015, and is believed to be the first such holding company created since the Dodd-Frank Act reformed the financial services industry nearly five years ago.
Affiliating with FMHC will allow us to be even more effective in serving the best interests of our customers, communities and employees.
acquisition will aid Jacobs in enhancing its geographical presence.
As a member-owned mutual holding company, FMHC provides a structure that allows independent affiliate banks to continue to serve their communities and grow as member-owned institutions.
Affiliates of FMHC include First Federal Lakewood (Lakewood, OH) and Belpre Savings Bank (Belpre, OH).
In addition, Belpre Savings will be able to enhance its information security, compliance and risk management systems cost-effectively as a result of its affiliation with FMHC
With USD51m in assets, Belpre Savings joins First Federal Lakewood, the largest independent depositor-owned bank headquartered in Ohio, as an affiliate of FMHC.
With the affiliation, FMHC and First Federal Lakewood, Belpre Savings said that it will be able to offer its customers a wider range of financial products and services, such as mobile banking, investment services and credit-related products, the report said.