First Federal Bank of North Florida

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First Federal Bank of North Florida
710 3rd Avenue
Welaka, FL 32193
(386) 467-7155

First Federal is proud to offer the following loan products and services. The association is capable of accepting applications at any of its offices.

1 - 4 Single Family Residential Loans; 5 and Over Residential Loans; Construction Loans for Business and Private Residence

The desire for home ownership is often described as "the American Dream". Fewer needs, within this community as within other American communities, are more basic to the preservation of our standard of living. First Federal shares the dream of home ownership and is this communities leading lender in residential and home construction loans.
Housing Rehabilitation Loans

Within the community, there exist a number of older homes and buildings. This product is directed towards individuals who wish to refurbish these structures. Proceeds from this loan type could also be used for preservation of homes and buildings that have historical significance.

First Federal traces its history back to 1922 when a local group of civic minded business and professional men founded Palatka Building and Loan Association.

With the passing of the Home Owners Act of 1933, which created specialized thrift and home ownership institutions called federal savings and loan associations, the charter was amended to a federal charter on February 23, 1934. The name was then changed to Palatka Federal Savings and Loan Association.

In 1973, the name was changed to First Federal Savings and Loan Association of Putnam County to conform to the larger geographical area being served when the association embarked on an expansion program.

In 1999, the name was again changed to reflect the expanded service area of the organization. The new name of First Federal Bank of North Florida was chosen to coincide with the approval of a branch application for St. Augustine, Florida and the addition of many new services and products, previously limited only to a commercial bank. Even though the name has changed, the Association charter remains a thrift charter.