#USA #First Federal Bank #Lake City #Fidelity Bank #NOLA Lending Group

First Federal Bank Completes Acquisition of NOLA Lending Group

In a strategic move aimed at bolstering its mortgage services, First Federal Bank of Florida has entered into an agreement to acquire NOLA Lending Group, a division of Fidelity Bank based in Louisiana. This acquisition, which was officially announced on January 5, 2026, will significantly enhance First Federal's offerings in residential mortgages across several states.

Details of the Acquisition

Under the terms of the agreement, First Federal Bank will obtain the assets of NOLA Lending Group, allowing it to better serve customers through its established network. The bank currently operates in Florida, Georgia, and Wisconsin, and the acquisition will allow it to expand its services into new regions. Fidelity Bank customers can expect continuity as existing facilities in Baton Rouge, New Orleans, and several other locations will remain operational.

First Federal Bank, a community-oriented institution with 27 branches throughout the Southeast and Midwest, is known for its customer-centric services, free from stockholder influences. This key acquisition reinforces its commitment to providing tailored mortgage solutions that prioritize individual customer needs. John Medina, President and CEO of First Federal Bank, emphasized that this agreement reflects a long-term commitment to the residential mortgage sector, saying, “Our mission is to provide mortgages from a financially stable institution that is a great place to work and bank.”

Customer Benefits and Future Plans

The integration of NOLA Lending Group's personnel and technology is anticipated to go smoothly, as Doug Brendel, Residential Division President, noted that both entities utilize similar technologies. Therefore, customers can expect an enhanced service experience without disruption. First Federal Bank is dedicated to maintaining a local, personalized approach to mortgage services, ensuring that customers enjoy the same quality they have come to expect from NOLA Lending Group.

Moreover, First Federal Bank aims to stay at the forefront of technological innovation—investing in advanced digital solutions that streamline the mortgage application process. This acquisition allows them to offer a broader range of services while reinforcing their commitment to excellent customer service.

Leadership Statements

Chris Ferris, President and CEO of Fidelity Bank, expressed enthusiasm about the partnership, stating, “We are pleased to have reached an agreement with a partner that will continue to allow our talented and dedicated team to focus on delivering exceptional mortgage banking solutions to customers in our core markets.” This sentiment reflects a mutual goal of enhancing community banking practices while asserting their position in a competitive market.

First Federal Bank has a strong history of financial stability and has been recognized multiple times, including accolades from BauerFinancial, Inc. for its excellent service and reliability. It has also received accolades from Newsweek as the best small bank in Florida for four consecutive years (2020-2023).

Conclusion

As the acquisition progresses, First Federal Bank aims to create a powerful mortgage division that not only meets but exceeds customer expectations. With plans to integrate teams and streamline operations, the future looks promising for both organizations as they work together to serve their communities better. The strategic foresight of both banks can potentially lead to enhanced market presence and increased customer satisfaction as they merge their strengths into a united front in the mortgage sector.