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Home > Company Index > Banking > Banking - Midwest > First Federal Bancorporation
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First Federal Bancorporation |
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PROFILE |
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First Federal Bancorporation is a holding company for First Federal Bank, which operates five offices serving Bagley, Baudette, Bemidji, and Walker in northern Minnesota. Chartered in 1910, the bank offers passbook savings, retirement, and money market accounts, as well as certificates of deposit. One- to four-family residential mortgages make up more than 40% of the loan portfolio; consumer loans account for almost as much. First Federal also partners with other lenders to finance commercial real estate developments, frequently outside its market area. The bank sells most of its long-term, fixed-rate mortgages on the secondary market. Bank subsidiary First Federal Service sells insurance and investments.
COMPETITION |
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Associated Banc-Corp (ASBC)
U.S. Bancorp (USB)
Wells Fargo & Company (WFC)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: September
2000 Sales (mil.): 10.40
1-Yr. Sales Growth: 10.6%
Employees: 47
Revenue per employee: $221,276.60
KEY PEOPLE |
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William R. Belford
CEO
Dennis M. Vorgert
CFO
CONTACT INFO |
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214 5th St.
Bemidji, MN 56601
US
Phone: 218-751-5120
Fax: 218-751-5814
Online: Web Site
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