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Home > Company Index > Banking > Banking - Southeast > FirstFed Bancorp, Inc.

FirstFed Bancorp, Inc.
Nasdaq (SC): FFDB
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 PROFILE
FirstFed Bancorp is the holding company for First Federal Savings Bank and First State Bank of Bibb County, which have a dozen branches in central Alabama. The banks use funds collected with such deposit products as IRAs, CDs, and checking, passbook, and money market accounts to originate loans in its market area. FirstFed's market area includes Jefferson, Shelby, Tuscaloosa, and Bibb counties. The banks' loan portfolio primarily consists of one- to four-family mortgages (about 70%), commercial real estate loans, and consumer loans. The banks sell fixed-rate commercial loans on the secondary market.

 COMPETITION
The Colonial BancGroup, Inc. (CNB)
National Commerce Financial Corporation (NCF)
SouthTrust Corporation (SOTR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 14.10
1-Yr. Sales Growth: 2.2%
Employees: 79
Revenue per employee: $178,481.01

 KEY PEOPLE
• B. K. Goodwin
    CEO
• Lynn J. Joyce
    CFO

 CONTACT INFO
1630 4th Ave. North
Bessemer, AL 35020
US
Phone: 205-428-8472
Fax: 205-481-3751
Online: Web Site

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