History & Mission

The vision of First Federal Bank is to customize financial support for every customer and develop generational relationships within the local community.

 

First Federal Bank was founded in 1946 with $10,000 in capital as a mutual savings association known as Littlefield Federal Savings and Loan. In 1998, the association converted to a state mutual bank and became First Federal Bank Littlefield, Texas.

 

The mutuality of the bank offers a distinct advantage where directors are not shareholders driven solely by profits. Today, First Federal Bank remains the only locally owned financial institution in Littlefield and has grown to over $10 million in capital and $50 million in assets. The bank employs experts with experience ranging from 20 years to over 40 years in the banking industry.