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The Federal Savings Bank Announces New Chief Information Officer

The Federal Savings Bank Announces New Chief Information Officer

Michael MacDonald brings IT, analytical and leadership experience to fast-growing Bank

CHICAGO (June 23, 2016) – The Federal Savings Bank, one of the largest privately held federally chartered banks in America focused on residential home lending, announced today that Michael MacDonald has been hired as the new chief information officer. MacDonald is an IT executive with 22 years of experience using IT to reduce costs, improve performance and serve customers.

In his new role at The Federal Savings Bank, MacDonald will be a member of the senior management team, and responsible for overall strategic IT decisions as well as the day-to-day IT direction of the Bank. He will be charged with looking for new and creative ways to use technology to make mortgage and banking transactions safe and efficient for customers.

"I'm excited to join The Federal Savings Bank, and build upon its strong reputation for excellence in lending,” said Michael MacDonald. “I look forward to focusing on continuing to build IT governance processes, policies and procedures to ensure the Bank operates the technology environment with the highest service levels in a secure and cost-effective manner to serve customers, support business growth, and satisfy regulators and investors.”

Prior to joining The Federal Savings Bank, MacDonald was an executive at Banco Popular for 13 years. His primary responsibility for eight years was leading the U.S. banking subsidiary’s IT division, and for the last several years he has overseen Business Intelligence, Infrastructure and Security for both the U.S. and Puerto Rico banking divisions.

He graduated from the University of Notre Dame with a Mathematics degree and later earned an Executive MBA from the same institution. Michael is a Director of the Association of Information Technology Professionals, and Chair of their Membership Committee.

MacDonald resides in Glen Ellyn, Illinois.

About The Federal Savings Bank

The Federal Savings Bank, one of the largest privately held and most successful veteran-owned banks in America, is an industry leader providing tens of thousands of Americans a path to home ownership through residential home lending. As a federally chartered bank, its highly experienced bankers are experts in lending in all 50 states and have the ability to help those customers achieve the American Dream. In recent years, the Bank’s exceptional work has earned accolades from Ellie Mae, Wells Fargo, The ABA Banking Journal and Bauer Financial. For more information, visit

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Kellie Kennedy,, 312/933-4903