In the News

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Valerie Kovacs
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vkovacs@firstmutualholding.com

Cincinnati minority-operated bank Warsaw Federal adds investors on way to $5M capital raise

A Cincinnati bank that achieved a federal designation last year for minority leadership and lending has completed part of its capital raising effort aimed at bringing in $5 million.

First Mutual Holding Co. takes a ‘visionary’ approach with capital raise

With the initial close of a capital raise for its Cincinnati affiliate — achieved using a mechanism that’s barely been used in decades — First Mutual Holding Co. (FMHC) continues to position itself as a trailblazer in terms of supporting the growth and stability of the diminishing mutual bank ecosystem.

Minority Deposit Institution Warsaw Federal Announces Initial Closing of Community Impact Additional Tier 1 Capital Offering

“We are very pleased to announce the initial closing of our additional tier 1 capital offering. The new capital will provide support for the growth that we envision for our organization,” said Robie K. Suggs, president and CEO of Warsaw Federal. “It is an exciting time for us and we’re incredibly enthusiastic about our future. As a mutual we’re taking a measured and thoughtful approach in our transition to an MDI.

FOX19 NOW: Warsaw Federal Operating as Minority Depository Institution

Cincy Magazine: Investing in Community

WLWT-TV: Warsaw Bank in East Price Hill transitioning into a minority deposit institution

The Banking Dive: Cincinnati mutual bank transitions to an MDI

The Cincinnati Herald: Warsaw Federal becomes Cincinnati’s first minority deposit institution

American Banker: After makeover, Cincinnati mutual bank receives MDI designation

Yahoo Finance: Warsaw Federal Transitions to a Minority Depository Institution

Crains Cleveland: Warsaw Federal Savings and Loan Association becomes second Minority Depository Institution in Ohio

WCPO-TV: Price Hill bank becomes first federally chartered mutual Minority Depository Institution

Minority Business Entrepreneur Magazine: Warsaw Federal Transitions to a Minority Depository Institution

TheBankSlate: Warsaw Federal In Ohio Receives MDI Designation

SoapboxMedia: A Price Hill-based bank achieves a community milestone

Cincinnati Business Courier: West Side bank lands Minority Depository Institution designation, targets $30M in new capital

WVXU Public Radio: Price Hill bank is Cincinnati’s first – and Ohio’s second – Minority Depository Institution

Warsaw Federal transitions to a Minority Depository Institution (MDI)

Robie K. Suggs Named President and CEO of Warsaw Federal