First Federal Community Bank & FFD Financial Corporation Announce Completion of Charter Conversion
27 Febbraio 2012 - 11:05PM
FFD FINANCIAL CORPORATION (Nasdaq:FFDF) and its subsidiary FIRST
FEDERAL COMMUNITY BANK announced that they have completed
previously announced organizational changes. On February 24, 2012,
First Federal Community Bank converted its charter from a federal
savings bank to a national bank, and is now First Federal Community
Bank, National Association. In connection with First Federal's
conversion, FFD Financial converted from a savings and loan holding
company to a bank holding company. First Federal continues to
be regulated by the Office of the Comptroller of the Currency and
FFD Financial continues to be regulated by the Federal
Reserve.
As had been disclosed in FFD Financial's filings with the
Securities and Exchange Commission, the various required
applications were submitted in 2011. Final required approvals
were received in early 2012. These changes were made to better
align with First Federal's ongoing business strategy.
FFD Financial Corporation is traded on the NASDAQ Capital Market
under the symbol FFDF. First Federal Community Bank has full
service offices in downtown Dover, downtown New Philadelphia, on
the Boulevard in Dover, in Sugarcreek, and in Berlin. The
Corporation maintains an interactive web site at
www.onlinefirstfed.com .
CONTACT: Trent B. Troyer, President & CEO
330-364-7777 or trent@onlinefirstfed.com
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