WEBSTER?CITY?-Webster City Federal Savings Bank has announced today that Monday, it will change its name to WCF Financial Bank.
"This is a great next step for our institution as the new name reflects the strength and stability we've had for 80 years throughout Hamilton and surrounding counties and clearly positions us for future growth," said Stephen Mourlam, president and chief executive officer.
"Even though our name is changing, our approach to relationship banking and focus on providing exceptional customer service will remain the same,"?said Mourlam.
While the bank's name and logo are changing, no other significant changes will occur at this time. The name change will have little impact on customers as their account numbers will not change and debit cards and checks issued under Webster City Federal Savings Bank will continue to be viable. As debit cards expire and check supplies run out, customers will be issued new ones with the WCF Financial Bank image.
On Jan. 3, Webster City Federal Savings Bank acquired Independence Federal Bank for Savings, of Independence, to expand its reach into this new market area as well as to increase Independence Federal's product and service offerings. The transition will take the remainder of 2014 for completion.
Webster City Federal has assets in excess of $113 million and is a member of the FDIC and an Equal Housing Lender.