For Immediate Release
Federal Savings Bank is Top Lender in Strafford County
Dover – Despite a challenging economy, which has been plagued by a real estate downturn, Federal Savings Bank is still experiencing strong mortgage lending growth, closing almost $39 million dollars in residential loans so far this year and remains the top lender in all of Strafford County, according to Real Data Corp., which tracks new home purchase and refinance loans on a monthly basis.
Federal Savings Bank, which lends in both Strafford and Rockingham counties as well as southern Maine, attributes their increase in lending activity to personal, local service. “Obviously, lower interest rates spurred some refinance activity, but we are definitely seeing an increase in those consumers seeking local servicing of their mortgage,” according to FSB President & CEO, James J. O’Neill, Jr. “Particularly in this volatile economy, people feel confident doing business with a community bank that has a solid reputation in the community and a proven track record of financial strength and sound lending practices,” he added.
Federal Savings Bank offers a wide array of mortgage lending products, from construction loans to first time homebuyer programs. For more information about Federal Savings Bank’s mortgage programs or to apply for a mortgage online, visit www.fsbdover.com. To speak directly with a Loan Officer, call toll-free at 1-800-462-2265. Federal Savings Bank is an equal housing lender.
Former major league baseball pitcher and current Psychology Coach for the Boston Red Sox, Bob Tewksbury, made an appearance at the Federal Savings Bank Apple Harvest Day booth. Federal Savings Bank is the proud underwriter of Apple Harvest Day, which is a fall festival produced by the Greater Dover Chamber of Commerce.
Federal Savings Bank employees volunteer every year to participate in the American Cancer Society's Relay for Life Walk. Over the last few years, FSB employees have raised over $15,000 for the American Cancer Society.
For over 10 years, Federal Savings Bank has participated in the United Way's Day of Caring. A group of FSB employees volunteer to help work at a deserving non-profit organization for a day. Here, a group of FSB employees help do yard work at a youth camp in Strafford.
Each year, Federal Savings Bank employees volunteer to produce an internal campaign to raise funds for the United Way. The staff picks a theme, prepares a breakfast and holds several fundraising activities throughout the year.
Federal Savings Bank partners with Seacoast Media Group and The United Way to produce the annual Spirit of the Seacoast awards. Federal Savings Bank employees serve on the committee that selects deserving volunteers in the community to receive special recognition. FSB grants each recipient a $500 grant to donate to a non-profit organization. To date, FSB has donated over $12,000 to the Spirit of the Seacoast program. In this photo, FSB Vice President, Kelly Glennon, presents a volunteer award to John Miskus, a volunteer for the Dover Adult Learning Center
FSB Vice President, Kelly Glennon, receives the 2006 Volunteer of the Year Award from the Greater Dover Chamber of Commerce.
FSB recently pledged a $50,000 donation to the capital campaign for Cross Roads House, a homeless shelter in Portsmouth. In this photo, FSB employees Kelly Glennon, Deb Scott and John Crisp attend the Cross Road House annual fundraising benefit.