Steve Calk, chairman and CEO of The Federal Savings Bank (TFSB), announced that Regional Senior Vice President Frank Zak is leading the loan production office in Schaumburg, IL.
Zak, who joined The Federal Savings Bank at the end of 2013, was hired to recruit talented, highly qualified loan officers who will serve customers’ home financing needs through competitive products, unparalleled customer service and convenience. Working with a solid team, he also will expand the bank’s national and regional platform, particularly the customer base in the northwest suburbs.
“We’re thrilled to have Zak join The Federal Savings Bank,” said Calk. “He has solid experience in the mortgage industry, along with technical expertise and a keen understanding of what it takes to be a strong loan officer and best serve the needs of customers.”
With more than 25 years of experience in all areas and at all levels of the mortgage banking industry, Zak has been an active member of the mortgage industry at both the state and national levels. He has served on various committees, including the Illinois Association of Mortgage Professionals, where he served as the first vice president in 2004. His leadership in the industry has overseen the production of more than $10 billion in residential mortgage loans.
The Federal Savings Bank’s Schaumburg office, located at 900 National Parkway, opened in 2013. It offers all of the bank’s superior mortgage and banking services, including Federal Housing Administration (FHA), VA, Jumbo, first-time home buyer and commercial loans, and CD, savings, checking and money market accounts. Nearly 50 percent of the bank’s business is in FHA and VA loans, and the bank, which is owned and operated by military veterans, is proud to serve fellow veterans and wounded warriors.
Zak, a Glen Ellyn resident, earned his bachelor’s degree in communications from Marquette University and his master’s degree in education from Western Illinois University. He is married with two college-aged daughters, and has been on his local board of education for the past nine years, where he currently serves as board president.