For Immediate Release 

January 10, 2022

First Federal Names New CEO and Board Members

Rochester, Ind. - January 10, 2022 - First Federal Savings Bank has started its 56th year having enjoyed an enviable run of management continuity and leadership. Dick Belcher, First Federal’s founding Chairman and President/CEO, has stepped down after leading the bank for over half a century. The Board of Directors recently promoted Evan Gottschalk, the bank’s current President, to assume the additional role of CEO in January.

 In the same meeting, Nancy Gruesser, Belcher’s daughter and current board member, was approved to become the next Chairman of the Board, also beginning in January. In addition, the Board appointed three new Directors. Joining the Board in January are Dr. Dan Belcher and Cynthia Maves, children of Belcher and previously Advisory Directors. The third appointment to the Board is Joe McCarter, current President and CEO of RTC Communications Corp. in Rochester, Indiana, where First Federal is headquartered.

Founded in 1966, First Federal Savings Bank has expanded over the years to have six branches located in northern Indiana and is considered to be a leading mortgage lender in Indiana. First Federal’s mission is to serve our customers with the newest, competitively priced products delivered to them with state-of-the-art technology; to provide to all First Federal Family members a favorable working environment with reasonable compensation and benefits; and to treat all customers and First Federal Family members in the manner that all would like to be treated.



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