Third Federal Expands Home Equity Offering to Connecticut, Colorado and Oregon

Expansion Since 2011 Has Resulted in Nearly $1 Billion in Closed Equity Lines of Credit, First Mortgage Refis

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| Source: Third Federal Savings and Loan

CLEVELAND, May 29, 2014 (GLOBE NEWSWIRE) -- Third Federal Savings and Loan (Nasdaq:TFSL) is expanding the number of states in which it offers home equity lines of credit to include Connecticut, Colorado and Oregon. Since February of this year, Third Federal has expanded its home equity offering to 15 states across the U.S.

Third Federal now offers home equity lines of credit, as well as first mortgage refinance loans, in 17 states, including Ohio, Florida, Kentucky, Illinois, New York, New Jersey, Connecticut, New Hampshire, Pennsylvania, Maryland, Tennessee, Virginia, North Carolina, Colorado, California, Washington, and Oregon.

"We continue to expand our product offerings into new states to reach new customers," said Chairman and CEO Marc A. Stefanski. "In the past three years, our expansion beyond our Ohio and Florida branch footprint has resulted in nearly $1 billion in closed home equity and first mortgage loans. We now serve the majority of the U.S. population with our great rates and service. Our goal is to make every customer – new or existing – feel welcomed and special to the Third Federal family."   

To learn more about Third Federal's product offerings, visit thirdfederal.com.

Third Federal Savings and Loan is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, our mission is to help people achieve the dream of home ownership and financial security. We became a public company in 2007 and celebrated our 75th anniversary in 2013. Third Federal, which lends in 17 states, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal 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 March 31, 2014, the assets of Third Federal Savings and Loan Association totaled $11.5 billion. For more information about Third Federal, visit us at thirdfederal.com.

Dave Reavis
(216) 429-5036