BNET Industries

Market Cap:$4.3M
Last Fiscal Year Sales:$439.0M
  • Public
  • US
Dow Jones Description

First Federal Bank of California was founded in 1929, and in 1935 became a federal mutual institution called First Federal Savings and Loan Association of Santa Monica. By 1950, assets had grown to about $12 million, and by 1980, assets grew to $540 million. In 1983, we converted from a federally-chartered mutual association to a federally-chartered stock company. We also changed our approach to lending and capital management by switching our focus from long-term fixed rate loans to adjustable rate mortgages. At the end of 1983, we had 38.5% of our portfolio in adjustables; by the end of 1987, the figure increased to over 90%. Another milestone was achieved in 1987 when the holding company, FirstFed Financial Corp., was created and listed on the New York Stock Exchange. Subsequently, in 1989, First Federal Savings Bank became First Federal Bank of California to reflect our investment in the entire California market. By the end of 2000, assets had climbed to $4.4 billion. Dramatic growth occurred in the 2003-2005 period, and at the end of October 2005, assets reached $10 billion. We now have thirty three full-service branches and six lending offices. For more than 75 years, First Federal Bank of California has continued to evolve into a more focused and productive institution that offers full financial services to its clients. From a simple Savings and Loan offering savings accounts and home loans, we now offer many services including full-service banking for our business...

Chief Executive Officer
Babette E. Heimbuch
Number of Employees 603
Contact Information

12555 W Jefferson Blvd

Los Angeles, California 90066

firstfedca.com

(310) 302-5600

NAICS Code Savings Institutions: 522120

Recent Events

  • FirstFed Financial, unit's director resigns

    11/02/09 - Board Member - Leaving - View Story

  • FirstFed fails to meet required regulatory capital ratios at Sept. 30; releases preliminary Q3 results.

    10/31/09 - Financial Announcement - View Story

  • FirstFed Reports Preliminary Results for the Second Quarter of 2009

    7/31/09 - Financial Announcement - View Story

News & Analysis

firstfed financial corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Babette E. Heimbuch Chief Executive Officer
James Giraldin Director, President
David Anderson Executive Vice President & Chief Credit Officer
Douglas Goddard Chief Financial Officer
Brian Leonard Executive Vice President, President of Residential Wholesale Lending
Shannon Millard Executive Vice President & President of Retail Banking
Lourdes Ochoa Senior Vice President, Loan Underwriting, Operations
Michael Bridge Senior Vice President, Commercial Banking
Ruth McCloud Senior Vice President, Banking Support
Brenda J. Battey Controller & Senior Vice President
Daniel S Och Oz Master Fund, Ltd.

Board of Directors

Name (plus bio) Position
Brian Argrett Board of Directors
Charles F. Smith Board of Directors
Christopher M. Harding Board of Directors
Gisselle Acevedo Board of Directors
Jesse Casso Board of Directors
John R. Woodhull Board of Directors
Nicholas C. Biase Board of Directors
Steven L. Soboroff Board of Directors
William G. Ouchi Board of Directors
William P. Rutledge Board of Directors

Organization Position Status
FirstFed Financial Corp. Chief Executive Officer Current
First Federal Bank of California, FSB Chairman & CEO Current
FirstFed Financial Corp. Board of Directors Current
Scope Industries Board of Directors Current

Array

Organization Position Status
FirstFed Financial Corp. Director, President Current
America's Community Bankers Board of Directors Current
The Boys & Girls Clubs Board of Directors Current
FirstFed Financial Corp. Board of Directors Current
Federal Home Loan Bank Vice Chairman of the Board of Directors Current
California Bankers Association President Former
FirstFed Financial Corp. Executive Vice President, Chief Financial Officer Former

David W. Anderson joined us in July of 2004. Mr. Anderson was formerly with Unicon Financial Services, Inc. for twelve years, most recently as Partner. In that role, he provided consulting services in lending credit and compliance programs for small and medium sized financial institutions. During his last six months of employment with Unicon, Mr. Anderson served as acting Chief Credit Officer of Hawthorne Savings, where he was responsible for detailed loan reviews as well as establishment of credit and compliance programs.

Organization Position Status
FirstFed Financial Corp. Executive Vice President & Chief Credit Officer Current

Organization Position Status
First Federal Bank of California, FSB CFO & Executive Vice President Current
FirstFed Financial Corp. Chief Financial Officer Current
California United Bank Controller Former

Brian Leonard joined us in March of 2007. Mr. Leonard was formerly with Mandalay Mortgage for two years as a Senior Vice President and National Sales Manager. He has also held positions at United Capital Funding and Oakmont Mortgage Company (Ownit Mortgage).

Organization Position Status
FirstFed Financial Corp. Executive Vice President, President of Residential Wholesale Lending Current
Mandalay Mortgage Senior Vice President Former
Mandalay Mortgage Sales Manager Former

Organization Position Status
First Federal Bank of California, FSB President, Retail Banking Division Current
FirstFed Financial Corp. Executive Vice President & President of Retail Banking Current
FirstFed Financial Corp. President Retail Banking Div. Former
First Federal Bank of California, FSB Executive Vice President, Chief Credit Officer Former
Bank of California Vice President Former

Organization Position Status
FirstFed Financial Corp. Senior Vice President, Loan Underwriting, Operations Current

Organization Position Status
FirstFed Financial Corp. Senior Vice President, Commercial Banking Current

Organization Position Status
FirstFed Financial Corp. Senior Vice President, Banking Support Current

Organization Position Status
FirstFed Financial Corp. Controller & Senior Vice President Current

Organization Position Status
FirstFed Financial Corp. Oz Master Fund, Ltd. Current

Brian Argrett serves as the President and CEO of Fulcrum Capital Group, LLC. He is an experienced private equity investor with an extensive background in sourcing, evaluating, structuring, documenting, closing, and exiting private equity transactions. He is responsible for directing all fundraising, investment, and operational activities of FCG. Brian serves as Chairman of the Investment Committee for Fulcrum's portfolios. Prior to joining Fulcrum in 1992, Brian served as a transactional attorney for Pircher Nichols and Meeks in Los Angeles for three years. Outside of board positions he holds at companies within the Fulcrum portfolios, Brian is a member of the Board of Directors of FirstFed Financial Corp. (NYSE: FED), the Executive Committee of the National Conference for Community and Justice, and serves on Pacific Coast Regional's Loan Committee. Previously, Brian served on the Boards of Family Savings Bank, the National Association of Investment Companies and the Knox Presbyterian Church. He is a member of the California State Bar Association and the Association for Corporate Growth. Brian received his JD from the Boalt Hall School of Law and his MBA from the Walter J. Haas Graduate School of Business Administration, both at the University of California at Berkeley and a BS in Commerce from the University of Virginia.

Organization Position Status
National Association of Investment Companies Board of Directors Current
FirstFed Financial Corp. Board of Directors Current
Association for Corporate Growth Member Current
Fulcrum Venture Capital Corporation President and CEO Former
Fulcrum, Inc. Former
Knox Presbyterian Church Board of Directors Former
University of California, Berkeley, School of Law - Boalt Hall Jd Former

Organization Position Status
FirstFed Financial Corp. Board of Directors Current

Christopher M. Harding is a partner in the law firm of Harding Larmore Mullen Jakle Kutcher & Kozal, LLP. He is active in numerous civic and youth-serving organizations including the Santa Monica Chamber of Commerce, the Santa Monica Youth Athletic Foundation, Upward Bound House, Santa Monica Basketball Club, Community for Excellent Public Schools and the Boys & Girls Clubs of Santa Monica. He has served as a director of our bank subsidiary since 1984, and of the Company since 1987.

Organization Position Status
FirstFed Financial Corp. Board of Directors Current

Organization Position Status
Families In Schools President & CEO Current
Families In Schools Board of Directors Current
Executive Service Company Board of Directors Current
FirstFed Financial Corp. Board of Directors Current
Executive Service Company Member Current
Para Los Ninos CEO Former
Para Los Ninos President Former

Jesse Casso, Jr. Mr. Casso has been the managing partner of Casmar Capital Partners, LLC, a private investment firm, since 2004. Previously, Mr. Casso was an investment banker with Merrill Lynch and Goldman, Sachs & Co. Mr. Casso also serves on the boards of directors of First Fed Financial Corp., The California Endowment, and is chairman of Camino Real Foods, Inc. In addition, Mr. Casso currently serves as the Interim Chief Investment Officer of The California Endowment. Mr. Casso, who has elected not to stand for re-election to the Board has been a director since December 2003 and will retire upon the expiration of his term at the 2009 Annual Meeting.

Organization Position Status
The California Endowment Interim Chief Investment Officer Current
Love Kiss Music Current
Camino Real Foods, Inc. Chairman Current
Entravision Communications Corporation Chair Current
New America Alliance Board of Directors Current
FirstFed Financial Corp. Board of Directors Current
The California Endowment Board of Directors Current
Goldman, Sachs & Co. Investment Banker Former
Entravision Communications Corporation Board of Directors Former
University of California, San Diego Former
University of Pennsylvania Law School Former

Organization Position Status
FirstFed Financial Corp. Board of Directors Current
Logicon Chief Executive Officer Former
Logicon President Former

Organization Position Status
FirstFed Financial Corp. Board of Directors Current
The Pasa Board of Directors Current

Organization Position Status
Weingart Foundation Chairman of the Board Current
FirstFed Financial Corp. Board of Directors Current

Organization Position Status
University of California, Los Angeles Vice Dean Current
The New York Times Company Author Current
Aei-Brookings Joint Center Professor of Management at the John E. Anderson Graduate School of Management Current
Anderson School of Management Sanford & Betty Sigoloff Professor Current
Regulating Financial Markets Professor of Management at the John E. Anderson Graduate School of Management Current
UCLA Anderson School of Management Betty Sigoloff Distinguished Prof Current
The Anderson School Chairman Current
La Alliance Board of Directors Current
AECOM Technology Corporation Board of Directors Current
FirstFed Financial Corp. Board of Directors Current
Sempra Energy Board of Directors Current
Ccg Securities, LLC. Director Current
Allegheny Technologies Incorporated Director Current
Waterpik Technologies, Inc. Director Current
Boyle Engineering Corporation Director Current
Japanese American National Museum Director Current
Urbitran Director Current
Sempra Energy Member Executive Committee Current
Teledyne Corporation Former
University of Chicago Ph.D. In Business Administration Former
Stanford University MBA Former

Organization Position Status
Lafayette College Trustee Current
St. John's Hospital Trustee Current
Boyle Engineering Corporation Director Current
CPI International, Inc. Board of Directors Current
Sempra Energy Director Current
Los Angeles World Affairs Council Board of Directors Current
Ccg Securities, LLC. Director Current
Lafayette College Board of Directors Current
John Wayne Cancer Institute Board of Directors Current
CPI Corporation Director Current
Power Industries Ltd. Director Current
Urbitran Director Current
FirstFed Financial Corp. Board of Directors Current
World Affairs Council Board of Directors Current
Sempra Energy Member Compensation Committee Current
CPI International, Inc. Chairman Former
Power Industries Ltd. Chairman Former
AECOM Technology Corporation Director Former
Computer Sciences Corporation Director Former
Lafayette College B.S. Degree In Metallurgical Engineering Former
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     FFED $0.32 0.00 (0.00% )
Average Volume 58,884
Shares Outstanding 13.68M
Market Cap 4.4M
Year High 0.845
Year Low 0.055
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

FirstFed Financial

CEO Rating

Babette E. Heimbuch

Chairman and CEO, FirstFed Financial and First Federal Bank of California

0% Approve

Employer Rating
“Very Satisfied!” 4.0 3.0
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