Bailout Bank Bio: First Financial Service (First Federal Savings Bank)

May 26, 2009 | 2 min read | Print Article

First Financial Service Corporation is the holding company for First Federal Savings Bank of Elizabethtown (the Bank). The Bank is headquartered in Elizabethtown, Kentucky. It conducts operations in 15 full-service banking centers and a commercial private banking center in six contiguous counties in Central Kentucky along the Interstate 65 corridor. The Bank markets range from the metropolitan area of Louisville in Jefferson County to Hart County in Kentucky. The Bank offers financial services to its retail and commercial banking customers. These services include personal and corporate banking services, mortgage banking and personal investment financial counseling services. Through the Bank's personal investment financial counseling services, it offers mutual funds, equity investments, and fixed and variable annuities. The company was founded in 1923.

In January the company announced that it was participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $20 million in exchange for preferred stock.

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Bailout Bank Bio: First Financial Service (First Federal Savings Bank)


Federal Equity Investment	$20 million
Total Revenue	$66.7 million (2008) $68.7 million (2007)
Net Income	$4.8 million (2008) $9.4 million (2007)
Number of Employees	279
Corporate Headquarters	Elizabethtown, Kentucky
Business Sector	Bank
Officers and Directors	Johnson, B. Keith, Chief Executive Officer, Director of the Company Huddleston, Walter, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.ffsbky.com
Executive Compensation	First Financial Service (First Federal Savings Bank)