First Mutual Bank was formed in 2018 when Belpre Savings Bank and Doolin Security Savings Bank joined forces, combing the strengths of two community banks into one even stronger community bank to better serve our customers and ensure we remain local.
As a depositor-owned bank, First Mutual Bank is focused on helping you, our customers, and creating vibrant communities in the Mid-Ohio Valley Region. Being depositor owned also means we are accountable to our customers, not shareholders. Deposit dollars are reinvested in our communities, and collectively we strengthen and help the local economy thrive.
First Mutual Bank is affiliated with First Mutual Holding Co., one of the largest member-owned mutual holding companies of its kind in the Midwest. That means we can offer a wide range of products and services to help our customers build a stronger financial future, while remaining a hometown bank that understands your needs to deliver a truly unique, personalized banking relationship.
We were formed in 2018, but our heritage and commitment to the communities we serve date back to the 1800s. Doolin Security Savings Bank traces its roots to 1896 when a group of local citizens established Doolin Building and Loan Association in New Martinsville to serve as a depository for savings that could be made available for home loans. Belpre Savings Bank has proudly served as the trusted hometown bank for the residents and businesses of Belpre, Ohio, and its surrounding areas since 1902.
Because we are stronger together, you can count on First Mutual Bank being here for you and the community for years to come. Our vision for today and the future is to grow, maintain stability, and continue to put our customers and our communities first—in every decision we make.
May 31, 2018 – First Mutual Holding Co. (“FMHC”), the largest member-owned mutual holding company of its kind in the Midwest, today announces the launch of First Mutual Bank, a result of the merger between Doolin Security Savings Bank, FSB (“Doolin”) and Belpre Savings Bank (“Belpre”). First Mutual Bank combines the strength of two well established banks to form an even stronger customer-focused and depositor-owned bank with pro forma assets of $96 million and four banking offices. Read the full news release.
May 11, 2017 – First Mutual Holding Co. (“FMHC”), the largest member –owned mutual holding company of its kind in the Midwest, today announced that Doolin Security Savings Bank, FSB (“Doolin”) agreed to affiliate with FMHC, pending approval of regulatory agencies and of voting members of Doolin. According to terms of the definitive agreement, New Martinsville, West Virginia-based Doolin, with $48 million in assets, will combine with FMHC subsidiary Belpre Savings Bank, with $46 million in assets. Upon closing, the transaction will create a subsidiary bank with pro forma assets of $94 million that will be headquartered in Belpre, Ohio. Read the full news release.