1983 Business Loan

Aug 26, 2022, 15:54 PM
Title : 1983 Business Loan
Display Heading : First commercial business loan
Display Date : 1983
Milestone Vimeo video ID :
Milestone date : Jan 1, 1983, 00:00 AM
Former CEO Karen McCormick was a loan officer at the time. She remembered, "In the early days the loan process was so different. Eleven loan officers would gather in the main office upstairs twice a week. Almost everyone smoked and with the doors closed the smoke got so thick we could hardly see each other. We brought our loan applications and presented to the group. Later people would ask me jokingly, 'What did you do, raise your hands and vote?' Yes, that's exactly what we did."
First Fed 1983 Karen McCormick
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