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Third Federal history
Third Federal company history timeline
Through the 1950’s, 60’s and 70’s, Stefanski expanded the savings and loan by opening branch offices in growing Cleveland suburbs.
In 1965, he gave $1 million to the Catholic Diocese High School Fund for the building of 11 new high schools and expansion of seven existing schools.
By 1983, the savings and loan had 16 branch offices and $1.08 billion in assets.
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.
In 2007, the company created the $55 million Third Federal Foundation when the company went public through its IPO. The purpose of the foundation is to bring partners together in collaboration of programs that promote education in the community.
In 2007, Third Federal made a minority public offering that raised nearly $1 billion in capital.
Beginning construction in 2013, Trailside is located along the Morgana Run Trail and is adjacent to the Third Federal headquarters.
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Third Federal competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Federal Savings & Loan | - | $26.7M | 50 | 2 |
| Huntington National Bank | 1866 | $4.8B | 25,693 | 1,396 |
| Dollar Bank Federal Savings Bank | 1855 | $276.9M | 1,400 | - |
| Ridgewood Savings Bank | 1921 | $210.0M | 686 | 13 |
| Old National Bank | 1834 | $347.9M | 2,901 | 603 |
| Navy Federal Credit Union | 1933 | $7.2B | 20,500 | 151 |
| Standard Bank | 1913 | $18.3M | 82 | 3 |
| KeyBank | 1825 | $2.8B | 17,999 | 680 |
| U.S. Bank | 1863 | $202.1M | 70,000 | 1,880 |
| Home Savings Mortgage | - | $89.0M | 350 | - |
Third Federal history FAQs
Zippia gives an in-depth look into the details of Third Federal, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Third Federal. The employee data is based on information from people who have self-reported their past or current employments at Third Federal. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Third Federal. The data presented on this page does not represent the view of Third Federal and its employees or that of Zippia.
Third Federal may also be known as or be related to THIRD FEDERAL SAVINGS AND LO, Tfs Financial Corporation, Third Federal, Third Federal Savings & Loan, Third Federal Savings and Loan Association of Cleveland and Third Federal Savings and Loan Association of Cleveland, MHC.