Chicago, IL (PRWEB)
May 05, 2017
The Federal Savings Bank is proud to announce that the company recently earned multiple industry and regional accolades for its banking services, safe and sound lending practices, as well as overall growth. As one of the largest privately held federally chartered banks in the country, The Federal Savings Bank operates 23 offices nationwide and employs nearly 1,000 employees. The Bank’s strong growth is demonstrated through its origination of $70 million in loan volume in 2011 and more than $4 billion in loans in 2016.
The Federal Savings Bank earned recognition from Seifried & Brew (S&B), LLC, a community bank consulting and risk management firm. Seifried & Brew ranked The Federal Savings Bank as a high-performing bank in its prestigious 2016 S&B Top 15th Percentile. The designation is assigned to banks whose overall performance ranks them within the top 15 percent of all community banks in the nation. To receive the honor, The Federal Savings Bank demonstrated exemplary performance by managing their exposure to risk while maintaining a notable level of reward.
The ranking is based on the S&B index, which measures individual bank performance and then compares banks across the United States. The Bank received an S&B composite score percentile rank of 99.3 of 100. The banks included in this index have assets between $10 million and $30 billion. Whereas other organizations rank bank performance, the S&B composite score takes into consideration both risk and reward.
Mortgage Executive Magazine also ranked The Federal Savings Bank #32 in its annual list of “Top 100 Mortgage Companies in America 2016.” The ranking is based on mortgage companies’ total dollar volume. For The Federal Savings Bank, total volume for 2016 was $4.3 billion, which totaled 19,100 loans. This is the third consecutive year that Mortgage…