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First East Side Savings Bank

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First East Side Savings Bank

History:

First East Side Savings Bank (the "Bank") was founded in Chicago, Illinois on March 29, 1920 under the direction of William E. Raddatz Sr. His son, William E. Raddatz, Jr., who became Chief Operating Officer, Corporate Secretary, Legal Counsel and President, succeeded Mr. Raddatz.

While many other financial institutions failed during the Great Depression, the Bank survived due to its conservative investment policy. Mr. Raddatz, Jr. was succeeded as President by his daughter, Diane Raddatz, who continues to serve as President and Chairman of the Board of Directors.

On January 21, 1982, converted from a mutual to a stock company. The Bank formed a holding company, East Side Financial, Inc. on October 31, 1991.

Since the mid-1980's, the Bank has had a successful loan origination program located in Southeastern Florida. In April 2003, the Bank opened a branch facility in Tamarac, Florida to better serve the loyal customer base in that area. For over 87 years, the Bank's main office was located in the East Side Community of Chicago. In October 2007, the Bank sold its branch location in Chicago and relocated its headquarters to Tamarac, Florida.

The Bank is a recognized leader in the communities it served and will continue to provide excellence in banking. At First East Side Savings Bank, the customer is always first. The Bank has consistently been rated five stars for outstanding customer service and capital maintenance. Whether you are looking for a better way to build financial security or for a portfolio lender to finance your dream home, look to First East Side Savings Bank for all of your financial needs.

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