You may have heard of the recent closures of Signature Bank and Silicon Valley Bank by regulators, and I’d like to take time to reassure you of the strength and security of First Federal Bank of Kansas City.
Since 1934, First Federal Bank of Kansas City has humbly, but proudly stood strong as a mutually owned financial institution – owned by our depositors and serving the needs of the greater Kansas City community. Our profits are reinvested right here in Kansas City and do not go to wall street investors. Our profits are used to fund home buyer grants, financial literacy and home buyer education seminars, to support local nonprofits who share our passion for home ownership and financial stewardship, to fund new ways to serve our customers like our recently released best in class digital banking solution and to support our staff as they volunteer throughout our community.
Because of our unwavering commitment to stewardship, we have not only survived the numerous economic and societal ebbs and flows of the last 90+ years, but have thrived and become even stronger. Our commitment to stewardship has allowed the bank to increase its capital (a measure of safety) to more than two times the minimum to be considered well-capitalized.
We are ready and eager to answer any questions you may have about the strength of the bank and to continue serving your financial needs. Let us know how we can help you on your journey to financial confidence and independence.
Sincerely,
J.R. Buckner
President and CEO
First Federal Bank of Kansas City