First Federal Bank of California Opens New Branch in Thousand Oaks
November 17 2008 - 4:01PM
Business Wire
First Federal Bank of California, the wholly-owned subsidiary of
FirstFed Financial Corp. (NYSE:FED), today announced the opening of
its newest branch location in Thousand Oaks. Located at 475 E.
Avenida De Los Arboles, the branch offers a full range of both
consumer and commercial banking products and services. A seasoned
First Fed Branch Manager, Maria Espana, will lead the Thousand Oaks
branch team. According to Shannon Millard, President of Retail
Banking, �For the past eight decades, First Federal Bank of
California has been providing a unique brand of one-on-one personal
service and a wide selection of first-rate financial products to
the communities we serve. We�re pleased to join the Thousand Oaks
community and look forward to serving the financial needs of local
residents and businesses to help them manage their finances, save,
invest and borrow better to ultimately live better.� At September
30, 2008, the Bank�s risk-based capital ratio was 15.87% and its
core and tangible capital ratios were 8.38%, which are in excess of
the 10% and 5% ratios, respectively, required by the Bank�s federal
regulators to be considered �well-capitalized.� Headquartered in
Los Angeles, California, with the addition of the Thousand Oaks
branch, First Fed operates 39 retail banking offices in Southern
California. Two additional branches are slated to open in the first
quarter of 2009. This news release contains certain forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Act of 1995. These forward-looking
statements are subject to various factors, many of which are beyond
the Company�s control, which could cause actual results to differ
materially from such statements. Such factors include, but are not
limited to, the general business environment, interest rate
fluctuations, the availability of branch opening opportunities,
competitive conditions in the business and geographic areas in
which the Company conducts its business and regulatory actions. In
addition, these forward-looking statements are subject to
assumptions as to future business strategies and decisions that are
subject to change. The Company makes no guarantees or promises
regarding future results and assumes no responsibility to update
such forward-looking statements. � Corporate Address: 12555 W.
Jefferson Blvd. Los Angeles, CA 90066
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