CLEVELAND, Sept. 5, 2013 (GLOBE NEWSWIRE) -- TFS Financial Corporation (Nasdaq:TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), is pleased to announce its Board of Directors and Senior Leadership Team will preside over The NASDAQ Stock Market Closing Bell on Tuesday, Sept. 10, 2013, in recognition of the company's 75th anniversary.
Third Federal was started by Ben and Gerome Stefanski, who applied for the bank's charter on their honeymoon in 1938. Their son, Chairman and CEO Marc A. Stefanski, grew the company from a $2 billion local Cleveland Savings and Loan in 1987 into today's $11.1 billion regional thrift with branch offices in Ohio and Florida and first mortgage lending in 14 states.
"We are just as committed to our customers, our communities and our associates today as we were when my parents started the company in 1938," said Chairman and CEO Marc A. Stefanski. "As we celebrate our 75th anniversary, we thank those who have made us who we are today and look forward to serving our communities for another 75 years and beyond."
The bank acts on a value system of love, trust, respect, a commitment to excellence and having fun. It has a commitment to provide the best rates on savings products and residential loans, and is a company focused on efficiency and value. The company has never had a layoff in its 75-year history, and has an associate turnover rate of less than 5-percent.
Third Federal Savings and Loan is a leading provider of savings and mortgage products. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal became a public company in 2007, and celebrates its 75th anniversary this year. The Association is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of June 30, 2013, Third Federal assets totaled $11.1 billion.