Michael E. Brosky Appointed New President of First Federal Savings of Lorain
First Federal Savings of Lorain has announced the appointment of Michael E. Brosky as their new President. He will assume responsibilities on October 1, 2017 and will succeed John R. Malanowski who will be retiring at the end of this year after 44 years of service to First Federal Savings of Lorain. John will remain Chairman of the Board which is a position he has held since November 2011. Chairman Malanowski stated “Our Board of Directors is pleased that we were able to promote from within the organization. We have the utmost confidence in Michael and his executive team to lead our company into the future.”
In our company’s 96 year history, Michael becomes the 8th president of the company following in the footsteps of his grandfather, Edward A. Brosky, uncle Frank S. Bailey and father Robert E. Brosky.
Michael has been part of the First Federal Savings of Lorain team for 17 years. During that time he provided legal expertise for the company and assisted in supervising day to day operations. Michael’s executive team includes David Malanowski, Margaret Wichman, and Robert Katricak.
Michael Brosky stated “It is very exciting to have the opportunity to lead an organization whose goal is to benefit the community. As a mutual company, we can concentrate on what is good for our customers and our communities, and not towards the financial gain of stockholders.”
Michael is a 1985 Marion Steele High School graduate, a 1989 Miami University graduate and a 1992 Akron Law School graduate. Michael is married to Heidi Rocker-Brosky, they have three children, Hannah, Heather and Halle.
First Federal Savings of Lorain is committed to providing the best possible service to communities and individuals. First Federal Savings of Lorain is a locally owned and operated financial institution. First Federal Savings of Lorain’s mission is to continue its tradition of excellence as an outstanding provider of financial services at a reasonable cost to the local communities we serve. We are an independent, mutual savings and loan with sound management practices, commitment to our employees, and dedication to promoting customer satisfaction and community enrichment.