Newsweek named Erste Bundesbank Best Small Bank in Florida for the second year running

Released: Oct 8, 2021 at 4:01 pm EDT|Updated: 1 hours ago

SEA CITY, Florida., October 8, 2021 For the second year in a row, First Federal Bank was named Best Small Bank in Newsweeks America’s Best Banks 2022. excellent Florida.

This award is the result of an evaluation of Newsweek’s annual Best Banks ranking. Using LendingTree, Newsweek evaluated more than 50 different factors from thousands of FDIC-insured banks and credit unions, including the savings and checking accounts they offer, to select the best institutions in their class based on 26 different categories.

“Because of the challenges banks faced in the last year in order to continue to serve customers creatively, we feel honored by this recognition and it reflects the commitment of our team members to offer great service and financial solutions,” says FFB President and CEO John Medina. “As the only mutual savings bank in Florida, Newsweek has recognized our ability to better serve local customer needs. This award underscores our commitment to providing stability to our customers, employees and communities.”

COVID has continued to transform banking; In addition to convenience, security has also become an important factor in determining which institution will best serve customers. The first team members at the Bundesbank have further improved their solutions and services to ensure that customers have the opportunity to conduct secure banking transactions: online, by e-mail, telephone or in person. To read Newsweek’s full article, go to

Via the Erste Bundesbank

First Federal Bank is a community-based mutual savings bank providing consumer and commercial banking solutions, services and credit through bank branches in. offers Florida Panhandle, North Central and East Florida, and coasts South carolina. Mortgage, SBA and USDA clients are served through credit bureaus in the Southeast and Midwest. First Federal is located in Lake City, Florida with assets of over $ 3 billion. First Federal is rated “5-Star, Superior” by BauerFinancial, Inc. Coral Gables, Florida. for more than two decades. More information is available at

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SOURCE Erste Bundesbank

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