At Mutual Federal, a division of First Bank Richmond, we offer business checking accounts tailored to meet the diverse needs of our clients, including a specialized solution for law firms managing client funds. As a Prime Partner of the Ohio Access to Justice Foundation, we offer the highest yield available for IOLTA accounts designed specifically for attorneys and law firms, providing a unique opportunity to give back to the public good while simplifying your banking experience.
Our IOLTA account allows you to securely hold client funds in a competitively priced interest-bearing account where all interest income is automatically remitted to the Ohio Access to Justice Foundation. This seamless process supports improvements to the justice system and increases access to legal aid for those in need — less administrative duties for you, and more benefit for the community.
By choosing our IOLTA account, you help provide critical funding for legal services and strengthen our justice system — a benefit for everyone involved.
Contact us at (937) 498-1195, or visit MutualFederal.com to learn more and make a positive impact through your business banking.
Be an Ohio resident at least 18 years of age.
Have their primary residence located in the State of Ohio.
Only use account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming their new primary residence.
Accounts must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
Visit ohiotreasurer.gov/homebuyerplus for complete information.
Contact Mutual Federal to apply and begin the process of opening an account.
Start saving and get one step closer to realizing your dream through Ohio Homebuyer Plus.
Use the Application button below to download a 'fillable' PDF form for your convenience.
Be an Ohio resident at least 18 years of age
Have their primary residence located in the State of Ohio
Only use account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming their new primary residence
Accounts must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.
Visit ohiotreasurer.gov/homebuyerplus for complete information.
Contact Mutual Federal to apply and begin the process of opening an account.
Start saving and get one step closer to realizing your dream through Ohio Homebuyer Plus.
Email: customer.service@tcmbank.com
Within the U.S.: 1-800-883-0131
Outside the U.S.: 1-813-868-2891
Discover the perfect credit card to match your lifestyle and financial goals with Mutual Federal. Our diverse range of personal Visa® credit cards, including the Rewards Platinum, Cash Rewards Platinum, Platinum Edition, and Secured Platinum, offer something for everyone. Enjoy unlimited rewards on every purchase, enhanced security, and exceptional service. Whether you seek cash back, travel perks, or a secure way to build credit, our cards are designed to provide the convenience and flexibility you need. We also offer flexible options for businesses that will help manage your expenses and move your business forward. Explore our offerings and find your ideal card today.
See card options and apply
Make a payment
View Rewards Activity
Email: customer.service@tcmbank.com
Within the U.S.: 1-800-883-0131
Outside the U.S.: 1-813-868-2891
When opening an account, you will be asked to provide the New Accounts Representative with two forms of ID. We require a photo ID with your current address. Should the address on your ID not match your current address, two pieces of mail with your current address will be requested. Bills and a copy of your lease are both acceptable.
You will also need to provide basic information such as your birth date, Social Security number, phone number, and other personal information.
All accounts with First Bank Richmond require an initial deposit to open. You may transfer money from an internal account, or fund your new account with a cash or check.
If you're opening a joint account, identification details for all owners will be required.
All applicants will be verified through ChexSystems, a nationwide specialty consumer reporting agency under the federal Fair Credit Reporting Act (FCRA).
Periodically, First Bank will offer special rates and terms on Certificates of Deposit (CDs). To see current rates, terms and specials, click here.
HSAs are an increasingly popular choice for people looking to manage the rising cost of individual health care. If you are unsure as to whether or not you qualify, we suggest checking with your insurance carrier. Carriers will label their plans as HSA eligible.
For more information about HSA eligibility and requirements, check with your tax preparer, employer, or click here for the IRS publication on HSAs.
Yes; however there is a $5 penalty for early withdrawals, plus the loss of all accrued interest.
First Bank will not accept new deposit accounts outside of our local market area unless the customer has a previous transactional account. The market area is defined as any of the counties we have a branch in or a contiguous county to a branch location.
Whether it’s a business loan, mortgage, or personal banking, I know I can count on First Bank to make the process simple and easy. I was overseas once, I had no foreign currency and somehow I locked myself out of my credit card account. The first call I made was to First Bank. I knew they would help me, and they did. I was immediately connected to someone who got me access to my account and got me right back to enjoying my vacation.
- Julie F.
First Bank Richmond has been and continues to be an active partner with the American Cancer Society fundraising event such as Relay For Life of Wayne County. First Bank Richmond provides community support to our group by sponsoring, fundraising, providing past meeting space to save on donor dollars as well as encouraging their employees to volunteer with us. We appreciate and thank First Bank Richmond for their dedicated support to the ACS mission and the local volunteer lead event by attack cancer from every angle.
-LaChelsa K., American Cancer Society
I love First Bank! No matter how long it's been since you've been there they always remember you and greet you by your name. I will never bank with anyone else. They're awesome!!
-Karen D.
© 2025 Mutual Federal
121 S. Ohio Avenue
Sidney, OH 45365
Routing Number: 274970791
If you use links provided on the Mutual Federal website that redirect to a third party website, you are acknowledging that you are leaving www.mutualfederal.com and are going to a website that is not operated by Mutual Federal, a division of First Bank Richmond. Mutual Federal is not responsible for the content or availability of linked sites. Mutual Federal does not represent either the third party or the visitor if a transaction is entered. In addition, privacy and security policies may differ from those at Mutual Federal.
