Greenville Federal Fincl (GVFF)

Greenville Federal Financial Corporation is a federal corporation chartered in 2005. It is a savings and loan holding company which owns all of the issued and outstanding common shares of Greenville Federal, a federal savings bank. Greenville Federal has conducted business in Greenville, Ohio, since it was founded in 1883 as an Ohio chartered mutual savings and loan association. Greenville Federal converted to a federal charter in 1942. Greenville Federal's business involves attracting deposits from individual and business customers and using these deposits to originate loans to individuals and businesses in its primary market area, which consists of Darke, Preble, Auglaize, Miami, Shelby and Mercer Counties in Ohio and the Indiana counties of Randolph and Wayne. Greenville Federal provides deposit products including checking, savings, money market and individual retirement accounts and certificates of deposit. Additionally, Greenville Federal provides access to its products and services via the Internet. Greenville Federal's primary lending activity is the origination of conventional mortgage loans secured by one- to four-family homes located in its primary market area. The primary lending activity of Greenville Federal has been the origination of permanent conventional loans secured by one- to four-family residences, primarily single-family residences, located in Greenville Federal's primary market area. In addition to loans secured by one- to four-family residences, Greenville Federal makes loans secured by multi-family properties containing five or more units. Greenville Federal makes loans for the construction of residential and nonresidential real estate. Greenville Federal also makes loans secured by a wide variety of nonresidential real estate located in its market area, including churches, retail businesses, offices, a funeral home and farm land. Greenville Federal makes loans secured by deposits, automobiles and recreational vehicles. Greenville Federal also makes unsecured loans for a variety of consumer purposes including home improvement. Greenville Federal does a small amount of commercial lending, securing loans to businesses with a variety of collateral, such as inventory, business equipment, vehicles and accounts receivable. The financial services industry is highly competitive. Greenville Federal competes with other local, regional and national service providers, including other savings associations, banks, credit unions and other types of financial institutions and finance companies. Other competitors include securities dealers, brokers, mortgage bankers and investment advisors. Greenville Federal, as a federally chartered savings bank, is subject to federal regulation and oversight by the Office of Thrift Supervision extending to all aspects of its operations.