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Press Releases

"The Federal Savings Bank and Union Bank & Trust Announce Agreement to Team Together to Offer Residential Mortgages"

May 23, 2018 – The Federal Savings Bank (TFSB), one of the largest privately held, federally chartered, veteran-owned banks in America focused on residential lending, and Union Bank & Trust (Union) today announced that they signed a definitive agreement to team together to offer TFSB residential mortgages. With the agreement, The Federal Savings Bank will offer a wide range of residential mortgage products and services from Union locations.

"The Federal Savings Bank to Offer Reverse Mortgage Program to US Credit Unions"

April 23, 2018 – The Federal Savings Bank (TFSB), one of the largest privately held federally chartered banks in America focused on residential home lending, today announced plans to offer their Member Reverse Mortgage Program to credit unions nationwide.

"The Federal Savings Bank Makes Inc 5000 List for 2017"

August 23, 2017 - Inc. magazine has ranked The Federal Savings Bank on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses.

"The Federal Savings Bank Announces New Chief Information Officer"

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.

"The Federal Savings Bank Helps Once Homeless Veteran Buy a Home in North Chicago"

December 23, 2016 - Just more than eight years ago Harold was living in his car, and then was completely without shelter for nearly a year. He often walked by a home on West Jackson Street in North Chicago where he hoped to live someday. His luck changed, and he became a tenant at the building on West Jackson, but still only dreamed of someday owning the home. Last week his dream came true when he purchased the home, with the help of a Veterans Affairs loan from The Federal Savings Bank, which operates a Lake Forest branch.

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