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About First Federal

Our Mission Statement

First Federal Savings was chartered in 1934 on the heels of the Great Depression to provide people a safe place to deposit their money and to make loans in order to meet the housing needs of the community. For nearly 84 years, First Federal has done exactly that and has never strayed from its mission.

A Clear Vision

First Federal is a community-oriented financial institution that proactively builds relationships by providing unmatched customer service in delivering mortgage loans and retail deposit services to all demographics, while ensuring the strength of the institution.

First Federal Savings provides customized mortgage loans and deposit services for personal and small business needs, keeping technology at the forefront. Known for superior employee satisfaction, First Federal has received a Columbus CEO Top Workplaces Award for the last three consecutive years. We operate five branch offices within Licking County, as well as a loan production office in Gahanna.

First Federal Savilng Ad in Home News 1946

What Sets us

Attention to friendly, personal service

  • Our market consists of exclusively local customers and we strive to, and succeed in, providing unparalleled, personalized customer service.
  • No one knows, takes care of and protects their customers like we do.

Local ownership and management

  • We are a mutually-owned company. This means we are owned by our depositors and borrowers. A mutual financial institution is therefore operated for the benefit of community it serves. Since there is no stock issued, management is not concerned with meeting quarterly earnings projections or paying shareholders. Earnings are reinvested right back into the communities we serve.

Specialization in savings and home loans

  • We provide federally-insured deposits at a variety of rates and terms.
  • We provide customized mortgage loans to suit the needs of the customer.

Our History


    The charter for First Federal Savings, a mutual thrift, is issued to Everett D. Reese, President of Park National Bank. The main office opens at Midland Corner, which soon relocated to The Arcade, space #13, in Downtown Newark with $159,612.43 in assets. Everett Reese remained President until 1960, serving as Board Chair from 1934-1978.

  2. Cyrus McKinney assumes duty of the President, and J. Gilbert Reese, Everett’s son, joins First Federal as Director.

  3. Richard H. Wilson assumes the responsibility of President of First Federal Savings & Loan until 1982. Following his presidency, Wilson continued to serve as Director until his death in 1995.

  4. The Heath office, and our second branch, opens on RT 79 in the Southgate Shopping Center. The current branch office (above) was built and opened on Hebron Road in 1990.

  5. Sarah Reese Wallace, granddaughter of Everett Reese and daughter of J. Gilbert Reese, becomes President of First Federal. Sarah currently serves as Board Chair.

  6. Paul M. Thompson is named President of First Federal Savings. Sarah Reese Wallace assumes the Board Chair position and J. Gilbert Reese assumes the position of Board Chair - Emeritus.

  7. Sally Wallace Heckman, Sarah Reese Wallace’s daughter, joins the team at First Federal as VP of Human Resources.