First Tuskegee Bank

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When TFSLA became insolvent in 1990, Resolution Trust Corporation ("RTC") placed it in conservatorship. In October of the following year, First Tuskegee Bank ("FTB") a state chartered, full service commercial bank assumed certain liabilities and purchased selected assets of the former TFSLA from the RTC. Thus, First Tuskegee Bank became part of the chain which is identified as one of the oldest continuously operating minority owned-and-operated financial institutions in the country! Over the years, First Tuskegee Bank has broadened the scope and convenience of its services to include two additional branches in near-by Montgomery, the capitol of Alabama. The West Montgomery branch is located squarely in Montgomery's downtown sector, while the East Montgomery branch is situated at one of the city's busiest traffic exchanges, the intersection of East Boulevard and Vaughn Road. First Tuskegee Bank has continually strived to provide quality products and services to the communities it serves. It prides itself on its status as a community business and actively targets lending projects that address important community needs such as low-to-moderate income housing, the construction of elderly care centers and access to SBA loans. In addition, the Bank is building a growing reputation as a major source for church lending the Montgomery-Macon County areas where its branches are located. Its efforts to provide more affordable housing options has led to a partnership with Fannie Mae...

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