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Home > Company Index > Banking > Banking - Midwest > First Independence Corporation

First Independence Corporation
Nasdaq (SC): FFSL
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 PROFILE
First Independence is the holding company for First Federal Savings and Loan Association of Independence. Established in 1905, First Federal has branches in Independence, Coffeyville, and Neodesha, Kansas, and a loan production office in Lawrence, Kansas. Deposit services include passbook, NOW, and money market accounts and certificates of deposit. First Federal originates mainly one- to four-family residential mortgage loans (about two-thirds of its portfolio); construction loans have been a growing segment (about 20%). The bank sells some of its loans onto the secondary market.

 COMPETITION
Bank of America Corporation (BAC)
Commerce Bancshares, Inc. (CBSH)
First National of Nebraska, Inc. (FINN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 11.60
1-Yr. Sales Growth: 10.5%
Employees: 37
Revenue per employee: $313,513.51

 KEY PEOPLE
• Larry G. Spencer
    CEO
• James B. Mitchell
    CFO

 CONTACT INFO
Myrtle and 6th Sts.
Independence, KS 67301
US
Phone: 316-331-1660
Fax: 316-331-1600
Online: Web Site

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