First Savings Financial Group, Inc and First Savings Bank Announces Board Changes
December 03, 2019 at 03:32 am IST
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On November 27, 2019, Michael F. Ludden notified First Savings Financial Group, Inc. of his intention to retire from the Company’s Board of Directors effective when his current term expires at the Company’s 2020 Annual Meeting of Stockholders. He also notified First Savings Bank (the “Bank”), the Company’s bank subsidiary, of his intention to retire from the Bank’s Board of Directors when his current term expires in 2020. On November 27, 2019, the Boards of Directors of the Company and the Bank appointed Jacqueline R. Journell to serve as Chief Operating Officer of the Company and the Bank effective January 1, 2020. Mrs. Journell (age 52) currently serves as Chief Accounting Officer of the Company and the Bank. She has been employed with the Bank since 2009 and has previously served as Controller of the Bank and as Chief Financial Officer of Community First Bank. She will no longer serve as Chief Accounting Officer upon becoming Chief Operating Officer.
First Savings Financial Group, Inc. is a holding company for First Savings Bank (the Bank). The Companyâs principal business activity is the ownership of the outstanding common stock of First Savings Bank. Its segments include core banking, Small Business Administration (SBA) lending, and mortgage banking. The core banking segment originates residential, commercial and consumer loans and attracts deposits from its customer base. The SBA lending segment originates loans guaranteed by the SBA, subsequently selling the guaranteed portion to outside investors. The mortgage banking segment originates residential mortgage loans and sells them in the secondary market. The Bank operates as a community-oriented financial institution, which offers traditional financial services to consumers and businesses in its primary market area. The Company provides a variety of banking services to individual and business customers through approximately 16 locations in southern Indiana.