History of First Federal Savings Bank of Mascoutah First Federal Savings Bank of Mascoutah
History

First Federal Savings Bank was founded on August 1913 as the Mascoutah Building and Loan Association.  At the time there was an influx of new citizens with virtually no rental properties available.  To help solve this problem, a group of local businessmen invested to found the Building and Loan Association.  Unlike banks of the time, the building and loan could make long time loans repayable in small periodical payments.  This enabled a growing number of citizens with lower incomes to secure home mortgages and not have the problems associated with a short time mortgage.

Since it's founding in 1913 First Federal Savings Bank has seen many changes in the financial industry.  Services offered have changed from the simple savings plans and mortgage loans of 1913 to the full service family center we enjoy today.   First  Federal offers an array of products and services to satisfy your family needs at any of our three full service locations - 101 W. Main St., Mascoutah, IL - 1200 E. Hanover St., NewBaden, IL - 115 S. Madison, Lebanon, IL.

As in 1913 First Federal Savings Bank's Board of Directors is comprised of local businessmen, dedicated to improving the quality of life of its customers and will continue to provide products and services at the lowest possible cost.

The current officers and directors are:

Theodore Ahner

Chairman of the Board

Terry Giles

President

Brent Bergheger

First Vice President

Joseph Cioni

Treasurer

Ivan DeHart

Secretary

Robert Welch

Director

John Harris

Director

Rodney LaCaze

Alternate

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