Our History In 1935 First Federal Savings & Loan was founded with only $2,635 in assets and has grown to over $105 million today. First Federal Savings & Loan Association of Bath, Maine is a federally chartered mutual institution founded in 1935 by local community and business leaders. From its modest beginnings, First Federal Savings & Loan (FFSL) has prospered over the last seventy years into an institution with a respected position in its two-county market area. Lincoln and Sagadahoc counties are located in the mid-coast area of Maine and enjoy many miles of shore line. Our mission is to provide a high level of customer satisfaction by offering a number of products and services in a friendly and relaxed environment. From current interest rates to product information, you'll find everything you need here, at your convenience.