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The Federal Savings Bank
Rebuilding America, One Home Loan at a Time
www.thefederalsavingsbank.com

Our Story
The Federal Savings Bank is a privately held, federally chartered bank with a focus on educating its customers about
the mortgage process and providing opportunity for home ownership. Our mortgage bankers have the ability to
originate loans nationwide. They have access to a wide array of products which allows them to find a mortgage that
fits the needs of each and every customer. By helping their borrowers achieve the dream of owning their own home,
The Federal Savings Bank is committed to rebuilding America one home loan at a time.

Marketing
We offer unlimited support tools and resources to help you achieve nothing but the highest level of success. Our
in-house marketing provides you with the following:

Business Cards Personalized Letterhead/Fax Announcement Cards Banker Brochure Personalized Flyers
Automated Mortgage Contact Letters E-Campaigns Contact Management Programs Customized Presentations
Referral Partnership Programs

Loan Process
Mortgage Banker Selling Product Price Referrals
Loan Quality Analysts Business Partner to Banker Assists Banker with Client Relationships
In-house Underwriting Analysts Ensures Loan is Safe & Secure for Submission
Closing Analysts Assists with underwriting conditions, Submission to Closing
Loan Funded

Making Money
At The Federal Savings Bank, we are committed to helping every one of our employees achieve their personal
financial goals. We offer one of the most aggressive and flexible compensation plans in the mortgage industry.
Our Leadership Team will sit down with each individual to tailor the plan that is right for them. We feel that
your income limit is up to you and we will support you with pricing, technology, marketing, and fantastic
operational support.

Copyright 2012 © | All rights reserved | Co. NMLS # 411500 | The Federal Savings Bank is an equal opportunity employer.


Is your broker firm or bank doing the
same for you? The
Mortgage Mortgage Federal
Broker Division Savings
at a Bank Bank
We lend in all fifty states : N.A N.A Great!
Large Product Variety:
Brokers have multiple sources, but they are restricted to “Wholesale
Lenders.” Big banks only have access to their own products. The Federal
Savings Bank has products from over 40 of the top financial institutions,
Fair Poor Great!
including FNMA, FHLMC, and FHA. From A-paper to FHA/VA, we have
a loan for every one of your borrowers.

Loan Closes in Company Name:
As a broker your earnings per loan are disclosed on the HUD1. As a banker,
you are in more control, and your revenue per loan is kept confidential. N.A Good Great!
The Federal Savings Bank bankers show up at closing with check in-hand.

Best In Market Pricing:
Mortgage Brokers have multiple sources, but don’t have access to the same
rates as a mortgage banker. Big banks have limited sources and are only
competitive when the bank wants to get aggressive. The Federal Savings
Poor Fair Great!
Bank has access to BEST PRICING, giving you the lowest rate with the
best product array.

Centralized Operations:
Only The Federal Savings Bank empowers you to have control at every
point in the process from application through closing. You have the Fair Poor Great!
freedom to speak with the processor, underwriters, or closer on your
loan files at every stage of the process.

Marketing Department:
The Federal Savings Bank has an on-site marketing department that
customizes marketing for each of its bankers. Marketing Expense Accounts
Fair Good Great!
allow you to purchase custom premium items with your pre-tax income.
No other broker or bank can do that for you!

Make MORE MONEY, have MORE CONTROL, and be MORE SUCCESSFUL per loan
Carrie Beeks, Director of Recruiting 312.738.8505 cbeeks@thefederalsavingsbank.com www.thefederalsavingsbank.com



Why The Federal Savings Bank?

Bernie Miller - Executive Vice President
“It is exciting to offer Loan Originators nationwide the unique opportunity to experience the
best of both worlds in the Mortgage Industry. First, they enjoy the security and national
reach of a Federally Chartered National Bank. Second, they experience all of the advantages
of a direct mortgage lender who is 100% focused on the residential mortgage business, and
the growth of their Mortgage Bankers.”

John Calk - Vice Chairman
John Calk was awarded a full United States Congressional scholarship to attend Indiana
University. John’s success at Indiana culminated in his senior year when the University’s
President awarded him the Indiana University President Award. Upon graduation with a BS
in Finance, he was appointed as a second lieutenant and served as an armor platoon leader
until recruited to join GE Capital Corporation. John’s achievements and character caught the
eye of America's largest privately held teleservices company and he was asked to join their
senior management team where he was responsible for all sales, marketing and Internet
activity. Since joining The Federal Savings Bank, John has pioneered our entrance into the
world of online lending and e-commerce.

Stephen M. Calk - Chairman and CEO
“The Federal Savings Bank has experienced tremendous success in the last two years by
exercising a disciplined approach to measuring, monitoring and controlling our business
plan. We have focused extensive investment in the customer experience and our infrastruc-
ture, while expanding nationally at a controlled and profitable pace. All of this has been
possible by hiring and empowering women and men of superior character and work ethic,
including a large number of returning combat veterans.”



The Foundation
Joseph Micheletto - Operations Manager
“Being in the mortgage business since 2004 and holding positions such as Processor, Banker,
Processing Manager, and Operations Manager, I have the benefit of understanding the role
each position plays in both the success of the individual transaction and the accomplishments
of the company as a whole.
The Operations Department at the Federal Savings Bank understands that each mortgage on
which they are working is more than just a file. We are working to satisfy the needs of our
clients – Helping them achieve the dream of home ownership or assisting them in saving
money through a refinance. It is the goal of our team to have complete customer satisfaction
and to give our Mortgage Bankers the confidence that is required when they tell a client,
“We will get the job done.” We also strive to be a major reason why the top Bankers in the
country want to come and work for this outstanding organization. We are definitely part of
something special.”

Laura Watson - Operations/Underwriting Manager
“As the Underwriting Manager and an employee of the organization for 16 years, I embed in
my team the understanding that we play a key role to the success of our clients, our department,
and our company through efficient work flows, knowledge of investor and federal guidelines,
and with the integrity necessary to be a world class mortgage lender.
With these high standards, we can produce clear and untainted approvals to our clients, in an
efficient manner. It is also essential to keep up with the changes in the industry and with the
team of underwriters we have assembled, we feel that we are not only keeping up with the
changes but are setting the standard and encouraging positive change in our industry.”

Jason Bressler - Chief Information Officer
Jason Bressler is the Chief Information Officer at The Federal Savings Bank, joining in 2012
with over 15 years of mortgage technology management and growth experience, building
large infrastructure and security platforms and managing large scale software projects and
deployments. Jason has an extensive background in facilities management, vendor negotiation,
and large developer, help desk, and network team management.
Jason’s passion for technology extends into his personal life, experimenting with new software
and hardware, and networking technologies at home. He interest first started in 1993 when
after high school, he began to teach himself on Microsoft Certified Systems Engineer theories,
and continued throughout his career self teaching at every opportunity.



Great news! The Federal Savings Bank is expanding
their successful, national, residential lending platform
to your area! Be a part of the most exciting lending
opportunity to come to the market in years.

Stable, entrepreneurial, national platform that maximizes income potential
No state licensing restrictions
Management culture driven to get loans done
Support to help grow your business with customized marketing, mentoring,
and professional development

We control the entire mortgage process from origination to funding
In-house processing, support, underwriting, and closing
24 hour scenario review with underwriting
Fastest turn times in the country

Phenomenal array of products available to our bankers
Conforming Jumbo Super Jumbo
FHA Foreign Nationals Conforming Bridge Loan
VA Asset Based Lending Construction Loan


By Becky Yerak, Chicago Tribune reporter - June 28, 2012
The Federal Savings Bank, a Kansas-based home lender bought last year
by a pair of Chicago brothers in the mortgage banking business, is
opening a national home loan center in the West Loop that it says will
create 400 jobs over three years.

The bank said it's getting $9.5 million in tax breaks over 10 years from
the state through the Economic Development for a Growing Economy,
or EDGE, program. It's also getting up to $4 million in training funds
from the city of Chicago.

Steve Calk, the Chicago-based chairman and chief executive of National
Bancorp Holdings, said the bank, which in marketing material bills
itself as "veteran-owned and operated," evaluated locations on both
coasts and in Chicago's suburbs. Calk, a former combat helicopter pilot
who along with his tank commander brother, John, bought the
Overland Park, Kan.-based bank in 2011, said he'll look to hire from
candidates that includes "returning warriors and military veterans" and
train them to be lenders, underwriters, loan processors, accountants
and loan closers. Sixteen veterans are featured in the bank's corporate
literature.

About 50 people have been hired at the 300 N. Elizabeth St. location,
where Calk also runs Chicago Bancorp, a national mortgage banker.
"The mayor's office and state of Illinois made a strong case for Chicago," Chairman and CEO Stephen Calk, a former combat pilot,
Calk said Tuesday. He also likes the proximity to public transportation says the bank hopes to hire other veterans.
and highways, as well as a central U.S. location that makes travel and (HANDOUT / June 28, 2012)
nationwide customer relations more convenient.
To receive the tax credits, the company must create at least 300 full-time
Chicago Mayor Rahm Emanuel "also offered for TFSB to have direct jobs and invest $10.6 million, according to the company's contract with
input into the curriculum" of Harold Washington College, part of City the state. The agreement said the company plans capital improvement of
Colleges of Chicago, Calk said. "No other municipality offered that." $12.4 million, mostly consisting of leasing costs.
Calk, a graduate of the U.S. Army Aviation School, said he initially
considered Chicago a long shot in his search. "We didn't realize that the Calk estimates it will cost $30,000 to $40,000 to train each individual.
state or city had the muscle to pull this together," he said. "The mayor The city will reimburse the company $10,000 for each trained worker.
can be a convincing guy." He said Deputy Mayor Mark Angelson also According to the state agreement, 150 workers will be hired in 2012,
was active in the deal. "Clearly, this was a desirable" business to land, with a total annual payroll of $11.4 million, and another 150 in 2013,
Angelson said, adding Calk approached him. Angelson said he quickly also with a total annual payroll of $11.4 million. That's an average of
got him into see the mayor. "These are high-quality jobs, and this is a $76,000 in wages for each worker. According to its agreement with the
company with solid lending practices," Angelson said. city of Chicago, TFSB has promised 51 percent of its 400 new workers
will be hired locally. It's located in the Kinzie Industrial Conservation
TFSB was born out of Generations Bank, a thrift bought by Calk and his Area tax increment financing district.
brother in April 2011. That bank was undercapitalized, facing regula-
tory restrictions and posting losses for five straight years, according to a Other financial services firms that have recently gotten tax breaks from
story this month in ABA Banking Journal, an American Bankers the state include BMO Harris Bank, U.S. Bank, Bankers Life & Casualty
Association publication. Calk and his brother recapitalized the bank, and Peak 6 Investments.
and installed new management. Its assets have grown from $44 million
to $73 million, and it turned a profit in 2011. Tribune reporter Alejandra Cancino contributed. Copyright © 2012, Chicago Tribune


Copyright 2012 © The Federal Savings Bank | All rights reserved | www.thefederalsavingsbank.com

The Federal Savings Bank of Overland Park, Kansas, Improved earnings were driven by a significant shift in
achieved top performer status among non-subchapter-S the bank’s lending focus. Residential mortgage loans
corporations with total assets of less than $100 million increased from 62% to 95% of the bank’s loan portfolio.
by lending to a specific niche. Unlike other top This was significantly different from the portfolio
performers, this niche was not a particular sector of a composition of other small non-S-corps. Among the top
local industry but, rather, a very particular segment of performers, residential mortgages represented 25.07% of
consumers. total loans; among all banks, 37.81%. As explained by
Calk: “We examined every type of customer and loan –
The Federal Savings Bank grew out of Generations Bank, consumer, small business, commercial – and got rid of
a thrift purchased by two brothers in April 2011. At first the least profitable parts of our business so that we could
glance, this was an odd choice of purchase. The bank focus on the most profitable.” This shift in focus has
was undercapitalized, under regulatory order, and helped to generate additional noninterest income for the
underwater, having been unable to make a profit during bank, including income from gains on the sale of loans
the past five years. Steve Calk, chairman, and his brother on the secondary market. Noninterest income
recapitalized the bank, changed its management, represented 15.72% of average assets at Federal Savings
established a transparent and open dialogue with the Bank, nearly five times the average ratios for both top
regulators, and conducted “a 360-degree review of all performers and all small non-S-corps (3.26% and 3.40%,
operations and systems” using expertise from both respectively).
inside and outside the bank to identify opportunities for
future growth. The bank has made investments in technology and
infrastructure, where necessary, to improve automation
The original impetus to buy the bank came from Steve and responsiveness. This was driven both by a
Calk’s own life experience. Both he and his brother, John, comprehensive IT audit and by the results of
are veterans—Steve Calk served as a helicopter pilot; his conversations with customers about their needs and
brother as a tank commander. They believed that a bank wants. The bank is also working to maintain relatively
owned by veterans and with a stated mission to support high-touch relationships with its customers, through
active-duty personnel, veterans, and first-time home proactive outreach programs, intensive education about
buyers would have a unique value proposition to take to the process of buying a home, and occasional
market. They were proved right. The Federal Savings communications (e.g., a birthday card) that keep the
Bank now provides loans and other financial services to bank top-of-mind.
current and former members of the Armed Forces
nationwide. The bank has nearly doubled in asset size With so much change in 2011, can we expect a repeat
from $43.9 million to $72.8 million, and reported a performance from The Federal Savings Bank in 2012?
return on average equity (ROAE) of 70.77% in 2011 (vs. “Our performance is all about our team and their hard
an ROAE of -34.67% in 2010). work,” says Calk. “Through their efforts, I believe we can
lead the list next year.”

By Vanessa Mambrino, consultant & Nick Robin, business analyst, Capital Performance Group LLC, Washington, D.C., a
firm providing advisory, planning, analytic, and project management support to the financial services industry.
Content provided by ABA Banking Journal - http://www.ababj.com



Federal Savings Bank opening office, hiring in West Loop
BY EMILY MORRIS Business Reporter June 28, 2012 8:06PM

Mayor Rahm Emanuel made an announcement
about job growth and economic development
and a corporate headquarters relocation by the
Federal Savings Bank to Chicago. Stephen M.
Calk, Chairman and Chief Financial Official of
The Federal Savings Bank also spoke before
Mayor Emanuel. | Al Podgorski~Chicago
Sun-Times

Federal Savings Bank has plans to bring 400 jobs
to its new Chicago location over three years at
its new lending center in the West Loop.

Mayor Rahm Emanuel and bank Chairman and
CEO Stephen Calk said the Kansas-based home
lender would create a minimum of 300 jobs within two years at its new location at 300 N. Elizabeth St.

The state will provide up to $9.5 million in tax credits over 10 years based on job creation, while the city will
provide up to $4 million in TIF funding for the bank to train new employees. The jobs will be a combination of
new positions, relocated positions, and recent hires made ahead of the move, according to a company
statement.

The bank will hire veterans, meeting a goal of Emanuel’s. Both Calk and his brother John, who serves as vice
chairman of the bank, are veterans.

The home lender will also have a hand in Emanuel’s College to Careers program, another of the mayor’s efforts
to create jobs in Chicago. Federal Savings Bank will work to develop curriculum for students at Harold
Washington College.

The Calk brothers, both Chicago mortgage bankers, bought what was Overland Park, Kan.-based Generations
Bank in 2011. The renamed Federal Savings Bank became profitable within its first three months and was
named by the American Bankers Association Journal as the most profitable bank in America with assets less
than $100 million.



Bank Focused on Military Veterans
Tops the List with 147% Growth in Assets
Newton, Mass. (November 1, 2012) – BestCashCow, an online resource for
comprehensive bank rate information, today released its list of the top ten
fastest growing banks in the U.S. Banks were ranked based on organic growth
of assets and return on equity for the year ending June 30, 2012.

The Federal Savings Bank, based in Overland Park, KS, tops the list with
147% growth in assets and a 48% return on equity last year. The Federal
Savings Bank is a veteran-owned and operated bank formed in April 2011
following National Bancorp Holdings' purchase of Generations Bank. The
bank's focus on providing mortgage loans to veterans and first-time home
buyers has been the primary driver in its growth over the last year.

"The Federal Savings Bank has experienced tremendous success in the last Chairman and CEO Stephen Calk
two years by exercising a disciplined approach to measuring, monitoring
and controlling our business plan," said Steve Calk, Chairman and CEO. "We have focused extensive
investment in the customer experience and our infrastructure, while expanding nationally at a controlled
and profitable pace. All of this has been possible by hiring and empowering women and men of superior
character and work ethic, including a large number of returning combat veterans."

"Despite the pressure of low interest rates, many small and community-based banks are thriving," said
Sol Nasisi, president of BestCashCow. "They are able to do so because they have the right formula to
succeed in today's economy. They have well-defined markets, entrepreneurial cultures and solid balance
sheets and at the end of the day, success breeds success. As these banks continue to grow and effectively
compete in their local markets, more and more consumers are looking to them for their next mortgage,
business loan or credit card."




In the News
The Federal Savings Bank has developed strong
relationships with and consistently reaches out
to reporters who cover the mortgage industry in
an effort to leverage the expertise of key execu-
tives and their trends and industry news within
Chicago land and nationally. This media out-
reach is conducted to enhance the reputation of
the company in a way that will attract the atten-
tion of mortgage brokers, realtors and home-
buyers.

To note, Stephen Calk, chairman of The Federal
Savings Bank, is a nationally recognized expert
in the field of residential real estate finance and
has been featured in print and on broadcast
news programs such as CNN, Fox Business
News, CNBC Squawk Box, Chicago Tonight,
Reuters, The Wall Street Journal, Crain’s Chi-
cago Business, and the Chicago Tribune.


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