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Federal Savings Bank Relocates National Headquarters To Chicago

Area Development Online News Desk (02/20/2014)
The Federal Savings Bank has relocated its national headquarters to Chicago, Illinois, a move that will bring 100 new jobs to the City.

According to Mayor Rahm Emmanuel’s Office, the Federal Savings Bank moved its headquarters from Overland Park, Kansas to Chicago following the opening of a National Home Loan Center in the Windy City.

“The Federal Savings Bank is another excellent example of a company recognizing Chicago’s many strengths and offerings as a city. Their move will create jobs and boost local economic opportunities,” said Mayor Emanuel.

“The decision by The Federal Savings Bank speaks volumes about the business climate in Illinois,” said Governor Pat Quinn. “By adding its headquarters to the major office it already has here, the bank is strengthening its commitment to our state and putting more people to work.”

"The Federal Savings Bank is thrilled to move our headquarters to Chicago and to continue to build this great city's economy," said Steve Calk, Chairman and CEO of The Federal Savings Bank. "With Chicago's incredible infrastructure, transportation access -- and most of all, strong pool of educated talent -- we look forward to continued growth through safe and sound lending practices. Mayor Emanuel's ongoing support of The Federal Savings Bank has been tremendous and we look forward to continuing our partnership."

The bank previously opened a National Home Loan Center in Chicago, which brought more than 300 new jobs to the City in less than 24 months. The National Home Loan Center was funded in part by the state’s Economic Development for Growing Economy corporate income tax credits and a TIFWorks grant awarded by the City of Chicago. The bank is not receiving additional assistance for the most recent relocation. The bank, which is owned and operated by military veterans, is proud to invest and support fellow veterans and wounded warriors. In addition to the bank’s own outreach efforts, the bank has supported the Mayor’s Office’s veteran focused initiative including participating in a veterans hiring events.

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