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Home > Company Index > Banking > Banking - West > FirstFed Financial Corp.

FirstFed Financial Corp.
NYSE: FED
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 PROFILE
FirstFed Financial is the holding company for First Federal Bank of California. Founded in 1929, First Federal serves consumers and businesses at 25 branches, primarily in Los Angeles County. It uses funds from savings, checking, and passbook accounts, demand deposits, NOWs, certificates of deposit, and IRAs primarily to finance residential real estate mortgages. Single-family homes represent around 60% of the bank's portfolio, and mortgages for multifamily units account for about 30%. The bank also writes business and other non-real estate loans. Subsidiary Oceanside Insurance Agency is an annuities broker.

 COMPETITION
Bank of America Corporation (BAC)
City National Corporation (CYN)
Wells Fargo & Company (WFC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 322.10
1-Yr. Sales Growth: 18.1%
Employees: 451
Revenue per employee: $714,190.69

 KEY PEOPLE
• Babette E. Heimbuch
    CEO
• Douglas Goddard
    CFO

 CONTACT INFO
401 Wilshire Blvd.
Santa Monica, CA 90401
US
Phone: 310-319-6000
Fax: 310-319-5899

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