The recent merger between First Federal Bank and Inter-State Federal Savings and Loan wasn’t a blockbuster deal in banking terms, but it was a move that showed the effect of outside influences on banking in Kansas City and throughout the U.S.
First Federal and Inter-State Federal were two of the area’s oldest mutual banks. The customer-owned institutions collect deposits and generally focus on residential mortgage loans. The banks typically have access to low-cost funds from Federal Home Loan…
The recent merger between First Federal Bank and Inter-State Federal Savings and Loan wasn’t a blockbuster deal in banking terms, but it was a move that showed the effect of outside influences on banking in Kansas City and throughout the U.S.
First Federal and Inter-State Federal were two of the area’s oldest mutual banks. The customer-owned institutions collect deposits and generally focus on residential mortgage loans. The banks typically have access to low-cost funds from Federal Home Loan…