First Mutual Holding Co.

We're thrilled that Crain's Cleveland Business highlighted our CEO Thomas Fraser as a key local influencer who is shaping the future of banking. It began last month when American Banker featured Tom, alongside other individuals who are poised to change the banking landscape this year, due to his work in the mutual space and spearheading the formation of Mutuals Matter, a group focused on addressing the unique needs and challenges of mutual banks. ? We're proud of Tom's advocacy and commitment to empowering mutual banks, and we can't wait to continue making an impact in our communities. Read more:?https://bit.ly/3PWQKfl Photo: Crain's Cleveland

It’s not every day that a local CEO’s journey from corporate banking to mutual banking is recognized on a regional stage, but that’s exactly what’s happening with our very own Thomas Fraser, CEO of First Mutual Holding Co. His story is rooted in Lakewood, where he grew up walking past First Federal Lakewood on his way to school and was exposed to the world of mutual banking early. Tom's deep commitment to community service and local impact lead him to join First Federal Lakewood’s management team and eventually help establish First Mutual Holding Co. His efforts, from helping fund a track for Lakewood High School’s new gymnasium to helping families keep their homes during the 2007-2009 financial crisis, highlight the growing importance of community banking. Watch WKYC Studios's video below to learn how Tom's dedication to mutual banking is reshaping the financial landscape.

From learning about the Mutuals Matter campaign to the exciting future for the mutual banking sector, join our CEO Thomas Fraser and other industry experts in this American Bankers Association webinar on January 15! Register here: https://bit.ly/3PzXsru

Congratulations to Becky Ruppert McMahon for being recognized as one of Crain's Cleveland Business Power 150! She joins this list among many of Northeast Ohio's influential CEOs, politicians, philanthropists, and entrepreneurs. Becky's dedication to service and leadership is an inspiration for all.?

Congratulations to Tom Fraser, CEO of First Mutual Holding Co., for being recognized as one of the 25 people who will change banking in 2025 by American Banker! This prestigious honor highlights his influential role and innovative leadership in the banking industry. One of which was recently positioning the company as a founding member of Mutuals Matter, a consortium of mutual banks working together to spread the word about the vital role they play in helping local communities thrive. Since founding First Mutual Holding Co. in 2015, he’s been a trailblazer and leading voice for mutuality. We are incredibly proud and inspired by his dedication, and we’re excited to see the continued impact he will have on the future of banking. Here's to more groundbreaking achievements! Read more: https://bit.ly/3Dc1iEl

The Mutuals Matter campaign has officially launched, and we are thrilled to spearhead this national initiative with New Hampshire Mutual Bancorp, Chelsea Groton Bank and Piedmont Federal Bank. We believe mutual banks play a vital role in our financial landscape and this campaign speaks directly to our commitment to our member banks' success and beyond. ? Mutuals Matter highlights the unique benefits of mutual banks and their responsibility to the economic well-being of their customers and communities. We invite you to join us in spreading the word about the significant investments mutual banks make in our neighborhoods. Read more about it below via American Bankers Association.

We were thrilled to support Warsaw Federal President and CEO Robie K. Suggs at the Minorities in Banking Forum at the Federal Reserve Bank of Cleveland. Suggs spoke on her leadership style and how learning is a top priority for her. "My leadership skills translate into motivating staff, helping them advance, and getting to know folks and what makes them successful," Suggs said. "I'm also a lifelong learner, and finding people to learn from has always been part of my life."

Our member bank?and Minority Depository Institution (MDI), Warsaw Federal, recently?announced the?initial?closing of Community Impact Additional Tier 1 Capital Offering. Warsaw Federal intends to use this newly-raised capital to?tailor products and services to protect vulnerable populations from predatory practices and improve financial inclusion opportunities, products and services?in their neighborhoods. ? We're excited to help pave the way for mutual banks to raise capital that can amplify efforts in creating healthy and vibrant communities. Learn more:?https://bit.ly/4d8sK1W

We're committed to putting our member banks and their customers first. That's why we're excited to implement MANTL and offer a faster digital account opening experience. We're looking forward to our member bank customers enjoying these benefits.