First Federal Bank, a community-based bank serving Florida and South Carolina, announced that it will donate $100,900 to nonprofit agencies through its 2023 First Federal Way campaign.
Trulieve Cannabis, a cannabis company in the U.S., closed a commercial loan secured by a cultivation site in Florida for aggregate gross proceeds of $25 million. Lenders were comprised of two banks, with First Federal Bank serving as lead agent.
First Federal Bank’s commercial lending services are expanding to the Tampa, FL, market, to complement the existing mortgage offering. Jennifer Mulligan joined the First Federal team as the commercial market manager and will locally serve her hometown of Tampa Bay, FL.
Ellianos Coffee completed a new partnership with First Federal Bank, securing $25 million in funding for franchisees. The new partnership will allow franchisees to streamline the lending process to attain business loans.
Rob Hughes joined First Federal Bank as president of its SBA lending division.
First Federal Bank promoted Senior Executive Vice President and Chief Banking Officer John A. Medina to president of the bank.