North Central Bancshares, Inc. operates as the holding company for First Federal Savings Bank of Iowa that offers banking services in Iowa. It offers deposits products, including money market savings accounts, savings accounts, NOW accounts, noninterest-bearing demand accounts, certificates of deposits, and individual retirement accounts. The company also provides one-to four-family residential mortgage loans, multifamily residential mortgage loans, commercial real estate mortgage loans, and construction loans, as well as consumer loans, including automobile loans and second mortgage loans. In addition, it provides real estate title abstracting services; and sells life insurance, annuity products, mutual funds, and other noninsured products, as well as life insurance on mortgage loans, and credit life and accident and health insurance on consumer loans. Further, the company acquires, develops, and manages low- and moderate-income housing for residents of the Fort Dodge area. As of December 31, 2007, it operated through 10 full-service branch offices located in Fort Dodge, Nevada, Ames, Perry, Ankeny, Clive, West Des Moines, Burlington, and Mount Pleasant, Iowa. The company was founded in 1995 and is headquartered in Fort Dodge, Iowa.
In January the company began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $10.2 million from Treasury in exchange for preferred stock.
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Bailout Bank Bio: North Central Bancshares (First Federal Savings Bank of Iowa)
Federal Equity Investment |
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Total Revenue |
$35.6 million (2008) |
Net Income |
-$6.3 million (2008) |
Number of Employees |
121 |
Corporate Headquarters |
Fort Dodge, Iowa |
Business Sector |
Bank |
Officers and Directors |
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Corporate Website |
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Executive Compensation |
3-31-09 North Central 10Q Press Release
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Last Updated May 29, 2009
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