On February 12, 1953, the Pompano Beach branch of First Federal Savings and Loan of Fort Lauderdale opened at 2335 East Atlantic Boulevard.

First Federal had been established in 1933 in Fort Lauderdale. Following its expansion, its name was changed to First Federal of Broward.

One of the financial institution's founders, and president when the Pompano Beach branch was opened, was E. Thomas Wilburn who operated at 300 acre farm north of Hammonville for several decades.

Today, Bank of America operates out of the First Federal location.