Happy International Women's Day from our WELL (Women Empowering, Learning & Leading) team! This group gathered this morning to celebrate the day (and each other!) WELL members focus on working together to grow personally and professionally while uplifting one another. They're proud to not only start necessary conversations, but to move the needle on creating a future where everyone has equal opportunity to thrive.
First Mutual Holding Co.
Banking
Lakewood, Ohio 775 followers
Supporting Mutual Banks, Strengthening Communities.
About us
First Mutual Holding Co. (FMHC) is a member-owned holding company dedicated to a singular mission: helping mutual banks serve the community and prosper. We reaffirm this belief every day by providing the support and resources that mutual banks need to thrive. FMHC provides a stable support structure designed to enhance their ability to serve customers while also enabling their growth as independent institutions. Member banks share in the products, services, governance and infrastructure of the holding company. Affiliation not only helps our member banks compete in today’s regulatory climate; it creates a sustainable path for future success while ensuring communities have a local bank. Member Banks: First Federal Lakewood First Mutual Bank Blue Grass Federal Warsaw Federal Martinsville First Savings Bank
- Website
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https://firstmutualholding.com/
External link for First Mutual Holding Co.
- Industry
- Banking
- Company size
- 201-500 employees
- Headquarters
- Lakewood, Ohio
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Mutual Banking, Community Focus, Customer Relations, and Employee Career Growth
Locations
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Primary
14806 Detroit Ave.
Lakewood, Ohio 44107, US
Employees at First Mutual Holding Co.
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Wendy Wilson
Director of Finance and Business Services at Cincinnati Nature Center
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Rafael Alfonzo
CEO & Founder | Independent Director | Entrepreneur focused on buying & operating great small businesses
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Sam Sellery
SVP, Head of Digital Banking & Business Technology at First Mutual Holding Co. (Banking & Financial Services)
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Andy Shook, CPA
SVP, Chief Financial Officer at First Mutual Holding Co.
Updates
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Congratulations to Becky Ruppert McMahon, the new board chair of First Federal Lakewood!
We're thrilled to announce that Becky Ruppert McMahon has been elected as board chair of First Federal Lakewood! Becky has been a member of our board of directors since 2013 and has been supporting our mutual mission year after year through her dedication to community service and her commitment to our organization. Congratulations, Becky! Read more about her impressive work in the community: https://bit.ly/3Ih5l1n
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Our two-day September Board Retreat was a success! We focused on strategies that support our collective mutual mission: creating thriving and vibrant communities and supporting the needs of our customers. A special thank you to board members who attended from First Mutual Holding Co., First Federal Lakewood, Blue Grass Federal, First Mutual Bank, Warsaw Federal Savings and Loan, and Martinsville First; and to our speakers James Bianco of Bianco Research L.L.C., Richard Christopher Whalen of Institutional Risk Analytics, and Sam Kilmer of Cornerstone Advisors for your informative and engaging sessions.
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Warsaw Federal Savings and Loan President and CEO Robie K. Suggs joined Senator Brown and local Cincinnati leaders earlier this week to support the Stop Predatory Investing Act. Read more about the bill below.
Our community means everything to us - and supporting our local homebuyers is always top of mind. Warsaw Federal President and CEO Robie K. Suggs joined Senator Brown and local leaders this morning to support the Stop Predatory Investing Act. Introduced in early July, this bill would prohibit investors acquiring 50 or more single-family rental homes from deducting interest or depreciation on those properties. This means our residents will have a chance to buy a home. According to the press conference, two big investors currently own more than 12,000 homes in three Ohio markets. “Many properties located in Hamilton County attract investors because we have lower prices, and decent rents, compared to the rest of the country," said Suggs. "Investors are looking to build their portfolios in some of the most disinvested neighborhoods, leaving many renters susceptible to displacement." Read more about this bill: https://bit.ly/3DCNdNm
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From starting his career to his current role, listen as SVP, Chief Credit Officer Paul Capka shares his story.
First Federal Lakewood Chief Credit Officer Paul Capka served for years as VP of Finance for the Cleveland Metropolitan Bar Foundation. Hear why building a stronger Northeast Ohio community has guided his professional path in this bonus My BarStory video podcast. To listen and subscribe to My BarStory, visit clemetrobar.org/podcasts
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We believe mutual banks play a crucial role in their local communities, helping foster long-term success of the neighborhoods they serve. We're thankful for Tom Fraser, First Mutual Holding Co. CEO, on advocating for mutual banking and the Ohio banking industry, all while sharing his commentary about deposit insurance reform before the Senate Banking Committee today. Watch the full committee hearing here: https://bit.ly/3Q5zNRf
Today, OBL Past Chair, Tom Fraser, CEO of First Mutual Holding Co. in Lakewood, Ohio, testified before the Senate Banking Committee about FDIC Insurance Reform. Tom fielded questions from several senators and was able to speak eloquently about the future of the Deposit Insurance Fund, special assessments, consumer protections and potential future risks. Thank you, Tom, for being such a strong advocate for the industry here in Ohio.