First Federal Of Lakewood Opens Branch In Parma

On November 30th. the Parma Area Chamber of Commerce held a ribbon cutting ceremony at the location of the first branch in Parma for First Federal of Lakewood at 1640 Snow Rd., in the front of the Midtown Shopping Center. This site had been occupied by Century Bank, which was sold to First Federal of Lakewood last year, according to Gary Fix, Bank President. " When we purchased Century Bank, we actually acquired five locations; Concord, Garfield Hts., North Royalton, Brunswick, and of course Parma", said Mr. Fix. " We are very excited about being in Parma, and we feel that people here will find out that the First Federal of Lakewood is a great place to do all of their banking", he continued.

The ribbon cutting was attended by many people in the business community, as well as some city officials, including Parma City Council President Sean Brennan. He spoke briefly, welcoming first Federal of Lakewood to Parma, and he especially noted their support of Maggie's Place, a local charity focused on women, and stated that this was a good sign for him that a new business here was already supporting the community.

First Federal of Lakewood Savings and Loan Association was founded during the Great Depression in 1935. There was steady growth for many decades which featured expansion beyond Lakewood, where now services are offered to customers at 18 full service branches and 7 loan production offices throughout Cuyahoga, Lake, Lorain, and Medina Counties. Based on deposits, they are the third largest bank in the Cleveland area, according to Bank President Gary Fix. We certainly welcome them into our community, and based on their success so far, I'm sure that they will do well here and find out why Parma is such a special place to be.