The vision of First Federal Bank is to customize financial support for every customer and develop generational relationships within the local community.
First Federal Bank was founded in 1946 with $10,000 in capital as a mutual savings association known as Littlefield Federal Savings and Loan. In 1998, the association converted to a state mutual bank and became First Federal Bank Littlefield, Texas.
The mutuality of the bank offers a distinct advantage where directors are not shareholders driven solely by profits. Today, First Federal Bank remains the only locally owned financial institution in Littlefield and has grown to over $10 million in capital and $50 million in assets. The bank employs experts with experience ranging from 20 years to over 40 years in the banking industry.