Capitol Federal Savings Bank
| Company type | Public |
|---|---|
| Industry | Banking, Financial services |
| Founded | September 16, 1893 in Topeka, Kansas, United States |
| Founder | Group of fifteen local professionals |
| Headquarters | Topeka , United States |
Area served | Kansas and Missouri, primarily Kansas City metropolitan area |
Key people | John B. Dicus (Chairman, President, CEO) |
| Products | Personal banking, Commercial banking, Insurance services |
| Parent | Capitol Federal Financial Inc. |
| Website | www |
Capitol Federal Savings Bank (commonly known as CapFed) is a federally chartered savings institution established in 1893, with its main office located in Topeka, Kansas. The bank maintains 51 branches throughout Kansas and Missouri, focusing primarily on delivering personal and commercial financial solutions within the Kansas City metropolitan area. Its parent company, Capitol Federal Financial Inc., is publicly listed on the Nasdaq exchange.
History
Capitol Federal was originally created on September 16, 1893, amid the economic turmoil of the Panic of 1893, under the name Savings and Loan Association of Topeka by a group of fifteen local professionals. The institution was renamed Capitol Building and Loan Association in 1899 and later became Capitol Federal Savings and Loan Association in 1938 after securing a federal charter and obtaining deposit insurance through the Federal Savings and Loan Insurance Corporation. Henry Bubb began his tenure at the bank as a clerk in 1926 and ascended to the presidency in 1941.
By 1943, Capitol Federal had grown to become the largest federally insured association within Kansas. Its assets expanded to $100 million by 1958 and reached $1 billion by 1977. John C. Dicus joined the organization in 1959 and succeeded Bubb as chairman following his passing in 1989. In 1996, John B. Dicus assumed the role of president while John C. Dicus continued serving as chairman and CEO.
On March 31, 1999, the bank transitioned from a mutual savings association to a stock savings bank structure, concurrently establishing the Capitol Federal Foundation. The institution introduced its online banking service, True Blue Online, in 2001.
After five decades with Capitol Federal, John C. Dicus retired from his chairman position in 2009; subsequently, John B. Dicus took over as chairman, president, and CEO.
In 2014, Capitol Federal contributed $20 million to the University of Kansas School of Business, leading to the renaming of its building as Capitol Federal Hall. That same year, Forbes honored the bank as one of the Top 50 Most Trustworthy Financial Companies.
The bank enhanced its debit card offerings in 2015 by integrating EMV chip technology and Apple Pay compatibility. In April 2019, Capitol Federal completed its acquisition of Capital City Bank.
As of 2024, Capitol Federal operates a network comprising 46 conventional branches along with five retail-based locations throughout the Kansas City metropolitan region.
Capitol Federal Financial
Capitol Federal Savings Bank is held by Capitol Federal Financial Inc., a publicly traded entity on the Nasdaq Stock Market under the ticker symbol CFFN. The company’s stock is part of both the Nasdaq Financial-100 and S&P SmallCap 600 indices, underscoring its market stature and financial strength.
Lines of business
Capitol Federal Savings Bank delivers an extensive array of financial products and services tailored for both individual consumers and business clients.
Personal banking and investments
The bank offers various personal finance solutions including checking accounts, savings accounts, certificates of deposit, and individual retirement accounts designed to meet diverse financial goals. Mortgage lending and consumer loan options support home purchases and personal borrowing needs. Collaborations with Sallie Mae provide student loan services. Additionally, trust administration services assist clients with family wealth management strategies.
Business banking
For its commercial clientele, Capitol Federal offers a range of business banking services, including commercial loan options and merchant payment processing systems, aimed at fostering business expansion and enhancing operational productivity.
Insurance
Via its subsidiary, Capitol Agency, the firm connects customers with various insurance offerings such as home, auto, commercial, and life insurance, thereby broadening its range of services beyond conventional banking.