Family Bank history

Under the direction of Ben and Gerome Stefanski's son, Marc, who assumed the post of president and CEO in 1987, Third Federal now has assets of more than $14 billion and 1,000 associates.

Through FIRREA legislation, the FSLIC was dissolved, and the FDIC began insuring deposits of institutions formerly insured by FSLIC, including Capitol Federal, through the Savings Association Insurance Fund (SAIF). 1989 Chairman Henry A. Bubb died in January 1989.

In 1993, 10 branches were added with the acquisition of First Federal Savings Bank of Salt Lake City, Utah.

In 1994, the Company expanded into Arizona.

1995 The Association introduced a new logo and slogan, featuring “True Blue®”, demonstrating its connection to its color and its dedication to its customers and communities.

In 1996, the Bank acquired Metropolitan Bancorp of Seattle, adding eight offices in Washington as well as opening four branches in existing markets.

In January of 2000, the bank changed its name again to First Federal Savings Bank; which reflects the full range of services now being provided to its customers.

In 2001, the Bank opened two additional branches in Arizona and its first branch in Texas, with an office in the Park Cities area of Dallas.

In February, 2002, the bank opened its first branch at 2763 East Hwy 27 in Lincolnton.

In 2003, the Bank purchased United Savings and Loan Bank with its four branches in Seattle, added one new branch in Puyallup, Washington, and consolidated one branch in Nampa, Idaho.

In 2005, the Bank consolidated two branches in Mount Vernon, Washington, into one and opened branches in Plano, Texas, and West Bend, Oregon.

In 2006, the Bank opened locations in Klamath Falls and Medford, Oregon, and Richardson, Texas and added another location in Las Vegas, Nevada.

The Bank acquired First Federal Bank of the Southwest, Inc., the holding company for First Federal Bank located in Roswell, New Mexico, on February 13, 2007.

The Bank acquired First Mutual Bancshares, Inc., the holding company for First Mutual Bank, on February 1, 2008.

January 2009 John C. Dicus honored for 50 years of service to Capitol Federal.

On January 8, 2010, the Bank acquired certain assets and liabilities, including most of the loans and deposits, of Horizon Bank, headquartered in Bellingham, Washington, from the Federal Deposit Insurance Corporation (“FDIC”), as receiver for Horizon Bank.

On October 14, 2011, the Bank acquired six branch locations, four in Albuquerque, New Mexico, and two in Santa Fe, New Mexico, from Charter Bank.

On October 31, 2012, the Bank acquired South Valley Bancorp, Inc., the holding company for South Valley Bank & Trust (“SVBT”) headquartered in Klamath Falls, Oregon.

2013 Technology continues to serve customers' needs, with the expansion of Mobile Banking to include Mobile Check Deposit, allowing customers to deposit checks using their phone to capture an image and submit it to Capitol Federal directly.

During 2014, the Bank closed seven branches and opened offices in Hobbs, New Mexico and Dallas, Texas.

2015 Capitol Federal introduced Apple Pay™ as a new way for customers to pay with their True Blue® Direct Debit Card.

2016 The Bank introduced a new look for capfed.com, perfect for a home computer or mobile device, allowing connection with Capitol Federal anywhere, at any time.

2018 The Bank acquired Capitol City Bank on August 31, 2018.

The Bank fully integrated Capital City Bank into Capitol Federal the weekend of April 12, 2019 and began expanding into the commercial lending, business banking and trust services sector.

CEO Dicus stated the Company took advantage of a drop in our stock price to repurchase 2.6 million shares, however, since the inclusion of the Company into the S&P 600 SmallCap Index in early October 2020, the price has rebounded.