First Bank Richmond, N.A., began business on Oct. 12, 1887, as the Richmond Loan & Saving Association. The first meetings were conducted at various businesses in downtown Richmond until June 1896, when the association purchased property and located to North Ninth Street, where it remains today. The association was re-incorporated under the Federal Charter in 1935 and became First Federal Savings & Loan Association of Richmond.

In 1989 First Federal Leasing was established to develop a portfolio of small ticket leases ranging from $5,000 - $150,000. The focus is to offer customers all of the advantages possible in the world of leasing through Originating, Servicing or Buying lease portfolios. Growth was not only recognizable in asset size and physical space, but also in services and employees. First Federal Leasing started as one employee in 1989 has grown to more than 20 employees today.

In 1993, First Federal changed its name to First Bank Richmond and because a state chartered savings bank to enable commercial lending services. First Bank set precedence in 1998 when it became the First National Mutual Bank. And today both First Bank Richmond and First Federal Leasing work together to bring the best lending practices to our customers.