General World News

First Savings Bank to cut 100-plus mortgage jobs across multiple states

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. 

“First Savings Bank has planned a layoff in which a significant portion of impacted employees are considered remote or virtual employees in multiple states,” Julie Bleich, senior vice president and human resources director, wrote to the Department of Labor and Economic Opportunity in Michigan on Sept. 29.  

Executives at First details ⇒

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