The Bank was chartered in 1937 in Charlotte, Michigan as Charlotte Federal Savings and Loan Association by two
local businessmen. Consistent with its thrift charter, the purpose of the Bank was originally to provide local
families a safe place to invest their savings and to finance the purchase or construction of a home. Over the
years, the Bank has remained true to that original mission while expanding its locations, products and services
to better serve individuals and small businesses throughout mid-Michigan. The Bank now operates five locations
and changed its name to Eaton Federal Savings Bank to better reflect its commitment to all of Eaton County
and surrounding communities.
Throughout its history, Eaton Federal has been a community bank in the truest sense of the phrase. The Bank was
founded as a mutual association, owned by its customers, and retains that ownership structure to this day. Eaton
Federal therefore cannot be converted to stock, bought by or merged with another institution without the consent
of its customers and is not subject to the whims or pressures of stockholders or the financial markets. The Bank
is run by a Board of Directors comprised of local business persons and community leaders who continuously stress
the principals that have allowed Eaton Federal to become the premier bank in its market: honesty and integrity,
outstanding service, community involvement, meeting the needs of its customers and always keeping the customer’s
best interest in mind.
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