Welcome CBC National Bank!
We’re pleased to welcome CBC National Bank to the First Federal family! Our 55-year-old institution was founded on hometown values and a commitment to serving our customers and communities. Currently, we are a community-based mutual bank that serves customers from branch locations and loan offices across North Florida, from Florida’s First Coast to the Panhandle. We are excited about the opportunity to partner with CBC and expand our presence in Florida, Georgia, South Carolina, and other states. Take a look at this page for more information about the transition.
CBC Customer FAQs
What do I do now? Can I still access my account?
Continue to bank just as you usually do. At this point, you can still use your CBC accounts, checks, debit cards, deposit slips, and online banking logins. Automatic drafts and direct deposits will still work properly.
When will CBC become First Federal Bank?
We are in the process of filing the necessary documentation to regulatory agencies and this can take several months. Our target date to become one organization is first or second quarter 2018.
I am a shareholder of CBCO. Since First Federal is a mutual bank, what happened to my CBCO shares?
Each shareholder will get cash for each share at the deal price of $21.50 per share, at the closing date. Shareholders or their broker (if they have one) will need to surrender their stock certificate in order to receive their proceeds. More information on this process will be communicated later.
What about my loan or mortgage payments?
Continue to make your loan or mortgage payments the same way you have in the past. You will receive further instructions after the merger is complete.