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Our history started when Alexander E. Frontera, a man who truly cared about his community, decided to open a bank. He believed that the community needed a safe and sound place to do their banking and borrow money to achieve their dreams of homeownership after the war. He also believed that the bank would be more than just a bank; it would be a mainstay in the community a place where people could feel at home. I am proud to say his vision has been our standard and has lived on through like-minded leaders, including my father Ken, who recently stepped down as CEO, after 60 years of service.
Looking back, it is hard to believe that when Maspeth Federal first opened in 1947, there were only two teller stations and an aisle barely wide enough for two people to pass at the same time. Fast forward to today - the bank has grown to employ over 200 people, and has six full-service branches, a loan center and a full array of digital and online services. We look forward to continuing our mission to provide our customers with a positive banking experience and remain committed to being a partner to small businesses and organizations within the community.
Thank you for banking with us and if you're not a customer, give us a try, you wont be disappointed!
-Thomas Rudzewick, President & CEO
Founder Alexander Frontera obtained a charter for Maspeth Federal Savings & Loan Association
Maspeth Federal Savings opens its doors for the first time on January 2nd
As a growing organization, this small branch style wasn't cutting it and the Bank had to expand
Our second branch opens in Rego Park
Free summer concert series begins becoming a tradition that has lasted for over 50 years
Our third branch opens in Forest Hills
Maspeth hosts their first Memorial Day Parade honoring member of the military. This has become an annual tradition
All in the family: Alexanders son, Franklin Frontera, is elected Chairman of the Board
Our fourth branch opens in Forest Hills
Grand Opening of the Main Office drive-thru
Raymond Smith is elected president
Our fifth location in Nassau County opens in New Hyde Park
MFS celebrates its 40th Anniversary
The Loan Center hosts its Grand Opening
Time capsule is buried (to be opened in 2042)
Employees celebrate the 50th Anniversary of MFS
20th Anniversary of the Fun Run went on until 2008
Grand Opening of the sixth Branch in Ridgewood
The Rudzewick family legacy begins. Kenneth Rudzewick is elected President & CEO of MFS
MFS sponsors the first World Trade Center Memorial Ceremony and erects a monument to honor the firemen and Maspeth residents who lost their lives on 9-11
Loan Center expands and hosts its Grand Re-Opening
First Smile on Maspeth Day free carnival held in the Main Office parking lot that offers rides, entertainment and more. To this day this had become an annual tradition for many families in the community
Main Office Grand Re-Opening
Forest Hills Grand Re-Opening
Employees join together to volunteer with Habitat for Humanity
First Earth Day Event which provides free services such as electronic recycling and paper shredding to the community
Thomas Rudzewick is elected President & CEO
MFS hosts a celebration of the 375th Anniversary of Maspeth
Built a program for 1st time homebuyers and expanded our event calendar to include educational workshops