First Federal Bank will be getting a new name this summer.
They’re merging with Home Savings Bank out of Youngstown, and the new unified banking business will be known as Premier Bank.
The combined 77 branches will begin adopting the Premier Bank name and new branding in June with the transition to be completed by the middle of July.
The full news release from First Federal Bank is below.
First Federal Bank of the Midwest (First Federal Bank) and Home Savings Bank, announced today the upcoming unification of their banking businesses under the new name of Premier Bank. This announcement was planned as part of the strategic merger and upcoming integration of the two bank systems set to be complete in July of this year. At that time, both banks will begin operating under the name Premier Bank.
“Im truly excited to announce this upcoming name change that will bring together all of our branches under one brand,” stated Donald P. Hileman, CEO of First Federal Bank and Home Savings Bank. “We achieved our goal of selecting a name that represents and honors the commitment both banks have made to our customers and communities by providing the best in financial partnerships for over a century.”
The combined 77 branches will begin adopting the Premier Bank name and new branding in June with the transition being complete by mid-July.
“Whether our customers walk into a First Federal Bank branch or a Home Savings Bank branch today, they know they can count on us to provide them with
the banking products and services they need and greet them with familiar, friendly faces who have their best interest at heart,” explained Gary M. Small, President of First Federal Bank and Home Savings Bank. “This name change will bring additional consistency throughout our entire footprint and an
elevated promise to deliver the best in community banking.”
Executive Vice President and Chief Banking Officer, Head of Community Banking, Vince Liuzzi, added, “We made sure our employees and customers had a voice during this rebranding process to ensure our outcome would reflect what sets us apart in the communities we serve. We know that our customers value us as their trusted advisors known for the local decision making, quick answers and flexibility that our unique market leadership structure provides. The Premier Bank name and brand are a reflection of our commitment to helping customers, employees and our communities achieve their best.”
Additional details of the new brand will continue to be developed and released in the coming months.