First Federal Savings Bank: History rooted in community.
For more than 100 years, First Federal Savings Bank has been in a pillar to the surrounding community. Offering superior service and a helping hand to our customers.
April 15, 1912 marked the beginning of one of Huntington's oldest and most trusted institutions. Ten of Huntington's most prominent businessmen joined together to organize the Home Building and Loan Association.
William (Bill) Zahn was invited by Earl and Roy Bucher to join the Board of Directors for People's Savings and Loan and was also named Vice President of the Bank.
In just 6 years after joining the Board of Directors, William (Bill) Zahn becomes President of People's Savings and Loan after Earl and Roy Bucher stepped away.
Stephen E. Zahn joined First Federal Savings Bank in 1964, dividing his time between the Insurance Agency and Bank after graduating from Marquette University.
In 1966, under William (Bill) E. Zahn's leadership the name of the Bank is changed from People's Savings and Loan to First Federal Savings and Loan.
The Downtown office relocated to its current home on the corner of Jefferson St and Tipton St in the early 1970's from its original location on the corner of Jefferson St and Washington St.
Stephen Zahn divided his time between the Insurance Agency and the Bank before becoming the Bank’s President and Chief Executive Officer when his father, William (Bill) Zahn, relinquished those day-to-day duties in 1980.
On May 8th, 1981, the South Office location was opened, which was the first Branch addition to the Bank.
In 1991, Stephen Zahn was elected Chairman of the Bank’s Board of Directors, a position he continues to hold.
In 1995, the North Branch was opened to help better serve the community.
First Federal Savings Bank issued stock on June 27th, 1995 to become the first publicly traded company headquartered in Huntington. It is traded under the Northeast Indiana Bank Corp name.
Stephen's son, Michael, joined First Federal Savings Bank in 1996. He graduated from Indiana University in 1992 and began his career in Cincinnati before joining his father.
Michael Zahn was named President of the Bank in 2005. While his father, Stephen, remained CEO.
On January 15th, 2007 the Downtown Warsaw Office was opened. It also was the first branch that was opened outside of Huntington.
In 2009, First Federal Savings Bank branched out into the Southwest side of Fort Wayne.
In 2011, Michael Zahn was named CEO after his father, Stephen, retired after serving First Federal Savings Bank for 47 years.
The Bank continued to expand with the addition of the Branch on the Northeast side of Fort Wayne in 2012.
First Federal Savings Bank was recognized as a Dividend Champion in 2020. This was achieved by the Bank increasing its dividend for 25, or more years, consecutively.
In 2022, the North Warsaw location was opened.