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Home > Company Index > Banking > Banking - Midwest > First Midwest Financial, Inc.

First Midwest Financial, Inc.
Nasdaq: CASH
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 PROFILE
First Midwest Financial is the holding company for First Federal Savings Bank of the Midwest (which includes First Federal Savings Bank, Brookings Federal Bank, and Iowa Savings Bank) and Security State Bank, which together have more than a dozen branches in Iowa and South Dakota. The banks offer checking, savings, money market, and NOW accounts, and CDs. Lending emphasizes one- to four-family mortgages and commercial and multifamily real estate loans (about 65% of the loan portfolio); the banks also offer agricultural, business, construction, and consumer loans. They sell some loans onto the secondary market but retain the servicing rights. Subsidiaries offer mutual funds, insurance, and brokerage services.

 COMPETITION
Bank of America Corporation (BAC)
Commercial Federal Corporation (CFB)
U.S. Bancorp (USB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 39.00
1-Yr. Sales Growth: 4.8%
Employees: 136
Revenue per employee: $286,764.71

 KEY PEOPLE
• James S. Haahr
    CEO
• Donald J. Winchell
    CFO

 CONTACT INFO
5th at Erie
Storm Lake, IA 50588
US
Phone: 712-732-4117
Fax: 712-732-7105
Online: Web Site

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