LAKEWOOD – First Federal Lakewood (FFL) announced the successful completion of the operational conversion of First Federal Savings & Loan Association of Centerburg (First Federal of Centerburg), officially welcoming its customers to FFL.
The operational conversion marked the final milestone in the merger that closed on July 1.
The Centerburg branch will continue serving customers from its current location with the same personal service customers have long valued. Customers will now enjoy the
added benefits of First Federal Lakewood’s expanded products and services, enhanced
digital banking capabilities and the extensive resources of Ohio’s largest independent
depositor-owned bank.
“We are proud to welcome our Centerburg customers and look forward to maintaining
the trust and service they have come to expect,” said Tim Phillips, president and CEO
of First Federal Lakewood. “As a mutual bank, we believe in reinvesting in the
customers and communities we serve, and we’re excited to continue that commitment in Centerburg.”
The operational conversion included the successful transition of customer accounts and
banking systems on Aug. 10, allowing former First Federal of Centerburg customers
to begin banking seamlessly as of Aug. 11.
Luse Gorman, PC represented First Federal Lakewood as legal counsel. Vorys, Sater, Seymour and Pease LLP represented First Federal Savings & Loan Association of Centerburg as legal counsel.