It’s no secret that knowledgeable and experienced leaders drive successful companies. However, combine top-notch leadership with a passion for helping customers achieve the American Dream of home ownership, and you have some of the main ingredients to the secret recipe of what has made The Federal Savings Bank exceptional. The other part of the recipe, of course, is our dedicated, skilled team of bankers.

Meet the leaders of The Federal Savings Bank.

Steve Calk

Chief Executive Officer

Stephen M. Calk is the Founder, Chairman and Chief Executive Officer of National Bancorp Holdings, A Bank Holding Company; The Federal Savings Bank, a Federally Chartered Savings Bank primarily focused on increasing home ownership in America by educating first time homebuyers and veterans of our Armed Forces.

Mr. Calk was nominated by Congressman Phillip Crane and subsequently appointed to the United States Military Academy Preparatory School at West Point Prep.  He was commissioned as an Army Officer on May 25th, 1985. He is a graduate of the United States Army Aviation School and served as a combat tactical helicopter pilot and commander in Active duty, Active Reserve and Inactive Ready Reserve for over 16 years.  Mr. Calk received his Bachelor’s Degree from the University of Illinois at Champaign/Urbana and holds a Master of Business Administration Degree from the J.L. Kellogg Graduate School of Management at Northwestern University.  Mr. Calk is currently attending the Harvard Business School’s nine year Post Graduate Executive Education Program for members of The World Presidents Organization.

Mr. Calk is a nationally recognized expert in the field of residential real estate finance and has been featured in print and on air on news programs such as CNN, Fox Business News, CNBC Squawk Box, The Wall Street Journal, Reuters, Crains Chicago Business, Kansas City Business Journal, Ingram’s Kansas City Business Magazine and the Chicago Tribune. He has served on the Board of Directors, Advisory Board of Directors or Customer Advisory Board of Directors for various public and private companies including JP Morgan Chase’s Chase Manhattan Mortgage Corp., Ohio Savings Bank, Citimortgage, Bank of America and the former General Electric Mortgage Insurance Company.  Mr. Calk has served as an advisor to the Governor of the State of Illinois, the Commissioner of Banks and Real Estate and the Office of Professional Regulation for the State of Illinois on matters of Mortgage Banking and Real Estate finance. Mr. Calk currently serves as a Trustee for the University of Illinois’ St. John’s Catholic Newman Center. He serves on the Board of The USO of Illinois and the Pi Kappa Alpha Fraternity Alumni Advisory Board. He is a member of the Chicago Chapter of the World Presidents Organization and has served YPO/WPO as the Forum Chairman,  Membership Chairman and  Education Chairman.  He is an outspoken proponent and advocate of Veteran housing needs. Mr. Calk is a veracious trainer and mentor of junior military officers returning to civilian life after service to their country.  He has also served on numerous civic and philanthropic boards and is a member of The Chicago Club where he serves on the Membership Commission.

Under Mr. Calk’s leadership, The Federal Savings Bank became profitable within its first 3 months of operations and by the end of its first year of operation was named by the American Bankers Association Journal as the most profitable bank in America with assets under one hundred million dollars and for three years in a row, now with assets under $2 billion.  Chicago Bancorp grew to become one of the largest privately held retail mortgage banks in the country within its first five years of operation.  His experience and accomplishments have combined to build both The Federal Savings Bank and the former Chicago Bancorp into a dynamic team of professionals who adhere to the highest standards of excellence while funding billions of dollars in loans in the last two decades.

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John Calk

Vice Chairman

Mr. Calk has served as vice chairman of The Federal Savings Bank since April 2011. Mr. Calk, was awarded a full United States Congressional scholarship to attend Indiana University. Upon graduation with a BS in Finance, he was appointed as a second lieutenant and served as an armor platoon leader in the United States Army until recruited to join GE Capital Corporation. As a graduate of General Electric’s famed 2-year management program, Mr. Calk was quickly promoted and spent seven years in operations, marketing and senior financial management positions. In 1999 he joined Chicago Bancorp as a partner and eventually held the position of President.  He is the father of six children, Founder and President of East Lake Academy and a resident of Chicago's North Shore.  Additionally he serves as Chairman for the Chicagoland Chapter of the Young Presidents Organization. He is an active member of Conway Farms Golf Club and currently serves on their finance committee. He also serves on the Finance Committee of St. Patrick Church, Lake Forest, IL.

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Javier Ubarri


Javier Ubarri currently serves as the President and Chief Executive Officer of The Federal Savings Bank. He started working with the current ownership group in late 2010 in connection with its efforts to acquire control of what was then Generations Bank, a transaction that was consummated on April4, 2011. In only its fourth month of operation under new ownership and a new business plan, Mr. Ubarri guided the Bank to its first month of profitable results in well over a year. In implementing its new business plan, the Bank is quickly building a pipeline of residential mortgage loans for sale in the secondary market.

Prior to his involvement with The Federal Savings Bank, Mr. Ubarri held a number of leadership positions at Banco Popular North America- a 116 year old super community bank. His last position was as Head of Commercial Banking. In that role, he led all of the Bank's national commercial lines of business which included Popular Small Business Capital (SBA Group), Popular Equipment Finance (small ticket leasing company), Money Servicing Division (banking currency exchanges), Popular Association Banking (banking condominium associations in NY, FL and CA), McDonald's Lending, Equity One Mixed Use Group and Popular Warehouse Lending. Total assets for the group were approximately $2 Billion and included 300 employees nationwide.

While at Banco Popular, Mr. Ubarri was the Regional President for the TL Region and was responsible for all of the retail and commercial lending in the region as well as a branch network that include 20 locations with $1.8 Billion in loans and deposits. He was also the Regional President for the TX Region which grew under his leadership from a single location with $40 Million in assets to one with 6 locations with $320 Million in assets in only four years.

Mr. Ubarri joined Banco Popular as part of the team that managed its expansion initiative in the United States. As part of the due diligence and integration team, he participated in eight acquisitions throughout the US until his move to Texas. Mr. Ubarri obtained his BBA from the University of Massachusetts at Amherst and his MBA from the University of Chicago. Earlier in his career, he worked for Price Waterhouse and passed the Certified Public Accountant examination.

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Bernie Miller

Executive Vice President

Bernie P. Miller II is an Executive Vice President at The Federal Savings Bank, and oversees retail mortgage sales in Chicago, Kansas City, and other markets throughout the Midwest and Southeast.  Bernie entered into the residential mortgage business in 2002, and still has a passion for helping Americans realize the dream of homeownership.  At the onset of his career, he was a top producing originator helping well over 1,000 homeowners align the right home loan to their financial goals.  Bernie continues to maintain strong relationships with numerous realtors, builders, developers and/or other affiliated professionals to ensure the needs of an ever-changing market continue to be met.

Bernie graduated from the United States Military Academy at West Point, NY in 1992.  After being commissioned as an Army Officer, he graduated from the U.S. Army aviation flight school in 1993, and served as a combat helicopter pilot, primarily flying the OH-58D “Kiowa Warrior”.  Bernie served in several Cavalry units during his 9 year career, earning several distinctions, including 2 Meritorious Service Medals, the Order of St. Michael, and the Senior Aviator Badge.

Bernie leads teams of mortgage bankers across the country, dedicated to helping rebuild America, one home loan at a time.  His passion now includes identifying and developing talented loan originators who possess a similar passion for the business and are looking for proven leadership and an operational platform to continue serving the homeowner and the real estate community as a whole.  The combination of Bernie’s leadership and the stable, dynamic platform of The Federal Savings Bank is a powerful solution for our loan originators, realtor partners, and future home owners.

Bernie lives on the north shore of Chicago with his wife and two sons, Henry (8) and Harrison (7) who are both avid hockey players and avid musicians.  He serves on the board of his local Chamber of Commerce, where he has been an officer for nearly 6 years.  Bernie has also served on Illinois’ 10th Congressional District U.S. Service Academy Selection Committee.  Bernie loves to work, but in his free time Bernie is very active with his kids, and is an avid golfer.

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Michael Crossett

Executive Vice President

Michael Crossett graduated from the United States Military Academy at West Point with a degree in Systems Engineering and was a 4-year Varsity Lacrosse letterman. After being commissioned as an Army Officer, Mike graduated from the U.S. Army Aviation Flight School, Airborne School, Pathfinder School, and served in numerous roles during his 9-year Army career.   Mike finished his Army service as an Apache Helicopter Company Commander and was selected for early promotion to Major, an honor bestowed to only the top 3% of his peers.

Prior to joining The Federal Savings Bank, Mike served as a Director at GE Healthcare. Since joining The Federal Savings Bank as a Mortgage Banker, Mike was promoted to Senior Mortgage Banker, then Sales Manager, and eventually to Division Director.  In 2007, Mike became one of the two youngest partners in the history of the firm and is responsible for all business activities in the western half of the United States.  In 2012, Mike joined The Federal Savings Bank as Executive Vice President. 

Mike is a resident of the western suburbs of Chicago with his wife and two children and is active in sports and real estate investment.

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Mordy Husarsky

Executive Vice President

Mordy has been in the real estate and finance industry since 1995, with over 20 years directly related to the Residential Finance industry. Through the years Mordy has managed over 300 people and helped to grow the team he was with into a multi-billion dollar lender. Mordy’s vast experience in product and secondary markets created opportunities for him to serve on various National Advisory councils that furthered his growth in the business. 

Mordy was born in Brooklyn NY and after high school spent 3 years touring the Middle East while attending college there. Mordy received his Rabbinical degree in Israel in 1993. Mordy spent 12 years in the mortgage industry and upon leaving his prior position, he had the opportunity to choose from a multitude of positions in the residential lending industry. His choice to join The Federal Savings Bank to create and develop a company presence in the Northeast fit right in line with his personality strengths and his career goals.

In his spare time, Mordy enjoys long distance cycling and works to promote awareness for Kidney disease and living organ donation.

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Andrew Chojnowski

Chief Operating Officer

Andrew Chojnowski is the Chief Operating Officer of Home Lending at The Federal Savings Bank since 2012, overseeing all Operational Departments (processing, underwriting, closing, post-closing, compliance, condo/coop review, and training) related to residential mortgage lending. Andrew has over 16 years of residential mortgage lending experience with a proven track record of effectively improving the loan manufacturing process by implementing transparency and accountability objectives. Prior to joining The Federal Savings Bank, Andrew held leadership positions at U.S Bank and Guaranteed Rate. Andrew received his Bachelors of Business and  Masters of Business of Administration from Cardinal Stritch University. 

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Chuck Smith

Director of Secondary Marketing

Chuck Smith has 27 years of experience in financial markets, including 18 years of experience in fixed income trading with an emphasis on the Treasury yield curve. Mr. Smith actively traded across the duration spectrum from three months to 30 years focusing on relative value and mean reversion trading. Mr. Smith was a member of the Chicago Board of Trade from 1994 to 2005.

As the Director of Secondary Marketing Chuck has helped introduce and implement a full service Secondary Marketing Department, including a centralized Lock Desk, and multiple loan commitment strategies to limit risk while increasing revenue. Mr. Smith also manages all of the investor relationships for The Federal Savings Bank.

Mr. Smith is a 1987 graduate of the University of Illinois in Champaign/Urbana. Along with his professional experience Mr. Smith was the president of the Wilmette Hockey Association from 2005 to 2012 and the president of the North Shore Ice Arena LLC from 2008 to 2012. Mr. Smith is currently a member of the Board of Directors for the Amateur Hockey Association of Illinois. Mr. Smith has also sat on the Advisory Board for Catholic Charities of Chicago since 2002.

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Howard Korey

Director of Business Strategy

Howard joined The Federal Savings Bank in 2014 as the Director of Business Strategy. He has over 25 years of strategic marketing and relationship management experience at companies such as GE, AT&T and most recently HSBC where he was in charge of the Department Store Credit Card business. In his current role Howard oversees the marketing, lead management, data analytics and strategic planning for the Consumer Direct Mortgage division.
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