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Third Federal Expands Product Offerings to Massachusetts, Georgia, Indiana, Missouri and Washington D.C.

CLEVELAND, Sept. 4, 2014 (GLOBE NEWSWIRE) -- Third Federal Savings and Loan (Nasdaq:TFSL) has expanded the states in which it offers a first mortgage refinance and equity line of credit product to include Massachusetts, Georgia, Indiana, Missouri and Washington D.C.

Third Federal now offers first mortgage refinance and equity lines of credit in 22 states across the U.S.

"We are excited to expand our product offerings into new states to reach new customers," said Chairman and CEO Marc A. Stefanski. "Our continued growth means we can now serve the majority of the U.S. population with our great rates and service."

The state expansion is central to Third Federal's efforts to continue its growth by offering a variety of product offerings, competitive rates and outstanding customer service. Thirty- seven percent of Third Federal's total mortgage and equity loans have originated from expansion states for the quarter ending June 30, 2014.

In the past three years, Third Federal has closed more than $1 billion in loans in the expansion states of New York, New Jersey, Connecticut, Massachusetts, New Hampshire, Pennsylvania, Virginia, Maryland, Indiana, Illinois, Kentucky, North Carolina, Georgia, Tennessee, Missouri, Colorado, Washington, Oregon, California, and Washington D.C.

Third Federal has offered first mortgages in Florida since 2000 and Ohio since 1938.

To learn more about Third Federal's product offerings, visit thirdfederal.com.

Third Federal Savings and Loan is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, our mission is to help people achieve the dream of home ownership and financial security. We became a public company in 2007 and celebrated our 75th anniversary in 2013. Third Federal, which lends in 22 states, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal has 21 full service branches in Northeast Ohio, eight lending offices in Central and Southern Ohio, and 17 full service branches throughout Florida. As of June 30, 2014, the assets of Third Federal Saving and Loan Association totaled $11.7 billion. For more information about Third Federal, visit us at thirdfederal.com.

CONTACT: Dave Reavis (216) 429-5036

Source: Third Federal Savings and Loan