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First Federal Savings Bank to Convert to State-Chartered Commercial Bank.


Business Editors

ELIZABETHTOWN Elizabethtown, city (1990 pop. 18,167), seat of Hardin co., central Ky.; inc. 1797. Originally developed as a trade center for agriculture, whiskey, and tobacco, the city now manufactures a variety of products. , Ky.--(BUSINESS WIRE)--Nov. 19, 2002

First Federal Financial Corporation of Kentucky Kentucky, state, United States
Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R.
 (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:FFKY), the parent company of First Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank
FSB

savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
 of Elizabethtown, today announced that the Bank has applied to convert from a federal savings bank to a commercial bank chartered in Kentucky. As part of the proposed conversion, First Federal Financial Corporation will apply to become a bank holding company regulated by the Federal Reserve. Pending regulatory approval, the conversion is intended to be effective in early 2003.

Commenting on the announcement, B. Keith Keith may refer to:

People with the given name Keith:
  • Keith (given name)
People with the surname Keith:
  • Keith (surname)
In places:
  • The Barony of Keith in East Lothian Scotland, its caput being Keith Marischal.
 Johnson, President and Chief Executive Officer said, "Converting to a commercial bank is a natural step, reflecting First Federal Savings Bank's strategic direction in recent years to substantially expand the Bank's lending and deposit products for small businesses. The conversion will not change our focus on providing outstanding service to individual consumers. Historically, First Federal Savings Bank has been known for meeting the needs of our retail consumers, and we will continue to do so in the future."

First Federal Financial Corporation of Kentucky is the holding company parent of First Federal Savings Bank of Elizabethtown that was chartered in 1923. Today the Bank serves Central Kentucky Central Kentucky is sometimes considered the Central and Southern part of the Bluegrass region, the Far Upper Western Eastern Mountain Coal Fields, and the Far Upper Eastern Pennyroyal regions. Its major cities include Lexington and Frankfort.  through its 13 full-service full-serĀ·vice
adj.
Associated with or offering complete service: full-service gasoline pumps; full-service banks. 
 banking centers.

First Federal Financial Corporation's stock is traded on the NASDAQ National Market System under the symbol "FFKY." Market makers for the stock are:


    J.J.B. Hilliard, W.L. Lyons        Spear, Leeds & Kellog
    Knight Securities, LP              Stifel Nicholas & Company
    Herzog, Heine, Geduld, LLC         Keefe, Bruyette & Woods, Inc.
    Cincinnati Stock Exchange          First Tennessee Securities
    Archipelago, LLC                   The Brut ECN, LLC
    AnPac Securities Group, Inc.       Island System Corporation
    Goldman, Sachs & Company           Instinet Corporation
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 19, 2002
Words:274
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