FirstFed Financial Corp. (FFC) is a savings and loan holding company that owns First Federal Bank of California (the Bank). The Bank is engaged in attracting checking and savings deposits from the general public and using such deposits, together with borrowings and other funds, to make real estate, business and consumer loans. As of December 31, 2008, the Bank operated 39 full-service banking branches, all located in Southern California. In addition to these branches, the Company operates a call center that conducts transactions with deposit and loan clients by telephone, and an Internet Website through which clients can open accounts, transfer funds or pay bills. FFC offers wealth management and trust services to complement the other services offered by its retail branches and the business banking division. In January 2010, the Company filed for Chapter 11 protection in a California bankruptcy court.