Bailout Bank Bio: First Defiance

May 22, 2009 | 2 min read | Print Article

First Defiance Financial Corp. (First Defiance) is a unitary thrift holding company that, through its subsidiaries, focuses on traditional banking and property and casualty, life and group health insurance products. First Defiance’s core business operations are conducted through its subsidiaries, First Federal Bank of the Midwest (First Federal), and First Insurance & Investments (First Insurance). As of December 31, 2008, the Company conducted operations through 27 full-service banking center offices in Allen, Defiance, Fulton, Hancock, Henry, Lucas, Ottawa, Paulding, Putnam, Seneca, Williams and Wood Counties in northwest Ohio and one full-service banking center office in Allen County in northeast Indiana. On February 11, 2008, First Federal opened a banking center in Glandorf, Ohio, located in Putnam County. The company was founded in 1935 and is headquartered in Defiance, Ohio.

In December the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $37 million in exchange for preferred stock.

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Bailout Bank Bio: First Defiance Financial Corporation


Federal Equity Investment	$37 million
Total Revenue	$126.2 million (2008) $120.9 million (2007)
Net Income	$7.4 million (2008) $13.9 million (2007)
Number of Employees	510
Corporate Headquarters	Defiance, Ohio
Business Sector	Bank
Officers and Directors	Small, William, Chairman of the Board, President, Chief Executive Officer; Chairman of the Bank Other Officers and Directors
Corporate Website	https://www.fdef.com
Executive Compensation	First Defiance Financial Corporation