First Fed

First Fed

Community bank offering personal, business lending

Overview

First Federal Community Bank serves Northeast Ohio as a community bank focused on individuals and small businesses. It offers personal checking and savings, mobile banking with deposits, e-statements and online bill pay, plus business services like remote deposit, ACH/payroll processing, credit card processing, cash management, and fraud tools. The bank funds its lending activities with home mortgages and commercial loans across eight locations and is insured by the FDIC with OCC and FDIC oversight. Its goal is to support local residents and businesses, reinvest in the communities, and contribute to regional economic vitality through localized service and community involvement.

About First Fed

Simplify's Rating
Why First Fed is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Financial Services

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Dover, Ohio

Founded

1898

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Simplify's Take

What believers are saying

  • FFD Financial posted record March 31, 2026 earnings: $11.6 million nine-month net income.
  • Deposits rose 7.2% and net loans 11.2% since June 30, 2025.
  • Dividend increased 11.5% in April 2026, signaling capital strength and confidence.

What critics are saying

  • The 352 Capital Water Station lawsuit seeks about $107 million, with trial risk.
  • Branch closures or downtime, like June 2026 New Philadelphia repairs, expose service fragility.
  • A single Northeast Ohio footprint concentrates deposits, loans, and talent in one regional economy.

What makes First Fed unique

  • Since 1898, First Federal built entrenched Tuscarawas County deposits and local trust.
  • Eight Northeast Ohio branches give it dense community coverage, not generic branch sprawl.
  • Local mortgage and commercial lending teams know Dover, New Philadelphia, and Canton markets.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Company Equity

Gym Membership

Employee Discounts

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