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Chicago – Federal Savings Bank to create 400 jobs

The Federal Savings Bank, a Kansas-based home lender bought last year by a pair of Chicago brothers in the mortgage banking business, is opening a national home loan center in the West Loop that it says will create 400 jobs over three years.

The bank said it’s getting $18 million in tax breaks over 10 years from the state through the Economic Development for a Growing Economy, or EDGE, program. It’s also getting up to $4 million in training funds from the city of Chicago…

via Bank hiring, Bank to hire 400 in West Loop, get $18 million in tax credits – chicagotribune.com.

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