First Mutual Holding Co. (“FMHC” or “the company”), established in 2015, is a non-stock mutual holding company headquartered in Lakewood, Ohio. Its largest subsidiary is First Federal Savings and Loan Association of Lakewood (“FFL” or “the Bank”), founded in 1935, which operates primarily in the Cleveland MSA and accounts for approximately 90% of the company’s total assets. FMHC is also affiliated with several smaller mutual banks in the Midwest—First Mutual Bank, FSB; Blue Grass Federal Savings and Loan; and Warsaw Federal Savings and Loan Association—as well as Martinsville First Savings Bank in Virginia. On a consolidated basis, the company operates 28 banking offices and approximately a dozen mortgage loan production offices (LPOs).
The company’s strategic objectives include enhancing affiliates’ access to capital markets and improving operating efficiency through shared resources. Key initiatives include the consolidation of retail mortgage…
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