Company Profile
- First Mutual Holding Co. (“FMHC” or “the company”) (est. 2015) is a non-stock mutual holding company, headquartered in Lakewood, Ohio. Primarily operating in the Cleveland, MSA, First Federal Savings and Loan Association of Lakewood (“FFL” or “the bank”) (est. 1935) is FMHC’s largest subsidiary, currently comprising ~90% of the company’s total assets. The company is also affiliated with several small mutual banks in the Midwest Region (First Mutual Bank, FSB, Blue Grass Federal Savings and Loan, and Warsaw Federal Savings and Loan Association) and in Virginia (Martinsville First Savings Bank). The consolidated company operates 28 banking offices as well as a dozen mortgage LPOs.
- The company’s strategic objectives are to provide its affiliates better capital markets access and to improve operating efficiency through shared resources, such as consolidating retail mortgage production activities through the company’s wholly owned First Mutual Mortgage (“M2”)…