FFD Financial Corporation ("FFD") an Ohio corporation formed in 1996, is a savings and loan holding company which owns all of the issued and outstanding
common shares of First Federal Community Bank, a federal savings bank ("First Federal"). FFD acquired all of the common shares issued by First Federal upon
its conversion from a mutual savings bank to a stock savings bank in April 1996 (the "Conversion").
First Federal has conducted business in Tuscarawas County, Ohio since it was incorporated in 1898 as an Ohio savings and loan association under the name "Dover Building & Loan Company." First Federal obtained a federal savings and loan charter in 1937 under the name "First Federal Savings & Loan Association." In 1983, First Federal changed its charter to a federal savings bank charter under the name "First Federal Savings Bank of Dover." In August 2001, First Federal adopted its present name. First Federal presently conducts its business from its branches in Dover, New Philadelphia and Sugarcreek, Ohio.
FFD is subject to regulation and examination by the Office of Thrift Supervision of the United States Department of the Treasury (the "OTS") and the United States Securities and Exchange Commission (the "SEC"). First Federal is subject to supervision and regulation by the OTS and the Federal Deposit Insurance Corporation (the "FDIC") and is a member of the Federal Home Loan Bank (the "FHLB") of Cincinnati. First Federal's deposits are insured up to applicable limits by the Savings Association Insurance Fund (the "SAIF") administered by the FDIC.
