Marc Stefanski from Third Federal will share how his family started the bank and how it grew into a savings and loan powerhouse in Cleveland by going public. Throughout the company's history, they have been focused on helping people in the community through the Third Federal Foundation and Rhonda's Kiss Foundation. Marc will also discuss how the 3rd generation of his family is taking on the leadership roles in the firm. With the company's growth and continue family ownership, Marc will share how his family is facing the challenges of maintaining the culture and values that the founds instilled in the family and the institution.
Marc Stefanski joined Third Federal in 1982 and succeeded his father, founder Ben Stefanski, as chairman and chief executive officer of Third Federal in 1987. Mr. Stefanski has maintained and grown the mission his parents established when they founded the company in 1938 – helping people achieve the dream of home ownership while creating value for its customers, communities, associates and stockholders.
The company achieves its mission while staying true to its values of love, trust, respect, and a commitment to excellence.
Since Mr. Stefanski became chairman, Third Federal has grown from $1.8 billion to $14.5 billion today, with retail branches in Ohio and Florida. Through the company’s more than 1,000 associates, Third Federal does business in 25 states and the District of Columbia, reaching approximately 65 percent of the U.S. population.
During his 33 years as Chairman and CEO, Mr. Stefanski has led Third Federal with the belief that the role of a company goes beyond making a profit; that it also has a social responsibility to make the world a better place.
In 2007, Third Federal made a minority public offering. From the IPO, the $55 million the Third Federal Foundation was created. To date, more than $25 million has been donated to the communities Third Federal serves, supporting education, housing, and health initiatives.
Beyond Third Federal, Mr. Stefanski is the founder of Rhonda’s Kiss, a charity started in 2015 in the name of his late wife, Rhonda. The charity raises money for hospital programs that support cancer patients in need by helping them to pay for expenses not covered by insurance, such as wigs, rent payments, child care, and transportation to and from treatment appointments. To date, Rhonda’s Kiss has donated $1 million to hospital partners, including the Cleveland Clinic.
Mr. Stefanski earned a Bachelor of Arts degree with a major in economics at Heidelberg College (now Heidelberg University), and an MBA with a concentration in systems management at Baldwin Wallace College (now Baldwin-Wallace University). In 2003, he was awarded a Doctor in Humane Letters degree from Heidelberg.
AFHE Members: $60 per webinar session
Non-Members: $80 per webinar session
CONTINUING LEGAL EDUCATION CREDITS:
The course is pending approval for CLE credits in Georgia, Illinois and Ohio.