Capitol Federal® proudly celebrates more than 130 years of service to our customers and our communities. Throughout its history, the Bank has remained steadfast in its commitment to the American dream of home ownership.
Capitol Federal is proud of the leadership role it has demonstrated within the housing industry and within the communities it serves. It is proud of its people who accept that role, dedicated to serving as leaders to further the Bank and its area communities.
Building high standards of leadership within Capitol Federal began in 1893, when we opened our doors. The tradition developed through the years as Capitol Federal took the lead in renewing its growth following the Great Depression, weathered the storms of the 1980s, and stood tall during the recent housing concerns, receiving national recognition for being a leader in “doing it right”.
We thank our many generations of customers for their loyalty and rededicate ourselves to the ideals of the Bank's Corporate Philosophy of Safety in Savings, Sound Lending Policies, Quality Customer Service, and Commitment to Community. Customer trust in the strength of Capitol Federal has led us into a new century, and we look forward to a partnership with our customers in the development of our communities and in meeting the challenges our new century will bestow.
- John B. Dicus, Chairman
the highlights
1800s
September 16, 1893
Fifteen men gathered for the first time to form a savings and loan, known as the Savings and Loan Association of Topeka.
July, 1899
The Association changed its name to the Capitol Building and Loan Association.
1900 – 1939
1924
Landmark Home Office opened at 534 Kansas Avenue, Topeka.
1926
Henry A. Bubb was hired.
1932
Federal Home Loan Bank System formed
1938
Capitol Building and Loan Association adopted a new Federal Charter and changed its name to Capitol Federal Savings and Loan Association. Accounts became insured automatically by the Federal Savings and Loan Insurance Corporation (FSLIC). In difficult times, the Association stood at $6 million, half of what it had been prior to the Crash of 1929. Although these were challenging times, the Association came out stronger, leading to an era of success.
1940 – 1949
1941
Capitol Federal Board of Directors named Henry A. Bubb as President of the Association.
1943
The Association was now “the largest federally insured association in the state.” During World War II, Henry Bubb and Capitol Federal continually sold War Bonds, and for their efforts, both received a Distinguished Service Citation from the U.S. Treasury Department in recognition of the Association's record War Bond sales.
1950 – 1959
1950
Assets grew to more than $19.5 million; and the first branch office in Kansas was opened at 1201 Topeka Boulevard in Topeka.
1953
The second Capitol Federal branch, the first outside Topeka, opened at 11th and Vermont in Lawrence.
1954
Capitol Federal opened its first office in the Greater Kansas City area, located on Johnson Drive in Mission.
1958
Assets reached $100 million.
March 1959
John C. Dicus joined the Association
1960 – 1979
1960
Capitol Federal installed its first "computer" - a Univac "tab" machine - in the Home Office at 6th and Kansas in Topeka.
December 9, 1961
Capitol Federal's new Home Office opened at 700 South Kansas Avenue in Topeka on December 9, 1961. The office reflected the times with the inclusion of a Civil Defense bomb shelter in the basement.
1969
John C. Dicus elected President, with Henry Bubb continuing as Chairman and Chief Executive Officer.
1972
CapFed® took the lead in technological advances with the installation of an online data processing system.
1974
The Association introduced the Passcard, the key to opening the door for customers to enjoy many new conveniences and services not previously available.
1975
The Association became the second savings and loan association in the nation to offer customers off-premise access to their accounts.
1977
Capitol Federal reached $1 billion in assets.
1978
Introduced P.S.* Telephone Bill Payment Service – another first in Kansas for Capitol Federal.
1980s
1980
Capitol Federal introduced its ATM network, known as Passcard Centers.
1981
The Association began offering Checking with Interest and Consumer Lending to customers. Capitol Federal weathered one of the most difficult periods in the history of financial institutions.
Through FIRREA legislation, the FSLIC was dissolved, and the FDIC began insuring deposits of institutions formerly insured by FSLIC, including Capitol Federal, through the Savings Association Insurance Fund (SAIF).
1989
Chairman Henry A. Bubb died in January 1989. John C. Dicus was then named Chairman.
1990s
1993
Capitol Federal reaches its 100th anniversary, with assets of more than $3.9 billion.
1995
The Association introduced a new logo and slogan, featuring “True Blue®”, demonstrating its connection to its color and its dedication to its customers and communities.
October 1996
John B. Dicus was elected President, with John C. Dicus continuing as Chairman and CEO
March 31, 1999
Capitol Federal's Plan of Reorganization and Stock Issuance Plan is successfully completed, transforming Capitol Federal from a mutual savings association to a stock savings bank. Capitol Federal Savings and Loan Association now known as Capitol Federal Savings Bank. The Capitol Federal® Foundation was established, as part of the reorganization.
2000s
2001
Introduction of True Blue Online®
2003
President John B. Dicus elected Chief Executive Officer.
January 2009
John C. Dicus honored for 50 years of service to Capitol Federal. Due to the board's mandatory retirement age, John C. Dicus retired as Chairman from the board, continuing as Chairman Emeritus. John B. Dicus was elected Chairman of the board, now serving as Chairman, President and CEO.
2010
The year 2010 was highlighted by the second-step conversion from a mutual holding company form of organization to a stock form of organization, completed in December 2010. At that time, Capitol Federal® Financial was succeeded by Capitol Federal® Financial, Inc.
2012
Capitol Federal® launched its successful True Blue Online® upgrade, resulting in 35,497 sign-ons during the first day.
2013
Technology continues to serve customers' needs, with the expansion of Mobile Banking to include Mobile Check Deposit, allowing customers to deposit checks using their phone to capture an image and submit it to Capitol Federal directly.
Early December 2013 saw the opening of Capitol Federal’s 47th branch, 4th in Missouri, at 43rd and Main in Midtown – Kansas City, MO.
2014
Capitol Federal was honored as one of the Forbes Top 50 Most Trustworthy Financial Companies.
2015
Capitol Federal introduced Apple Pay™ as a new way for customers to pay with their True Blue® Direct Debit Card.
With Capitol Federal, the security of our customers’ wealth is a top priority. In December 2015, customers began receiving their True Blue® Direct VISA® cards with an EMV Chip embedded for fraud protection.
2016
The Bank introduced a new look for capfed.com, perfect for a home computer or mobile device, allowing connection with Capitol Federal anywhere, at any time.
During the Capitol Federal® Financial, Inc. (CFFN) annual meeting of stockholders on January 26, 2016, Chairman Dicus announced the fiscal year 2015 results. The results included $9.84 billion in assets, $6.63 billion in loans and $4.83 billion in deposits. Chairman John B. Dicus, James G. Morris and Jeffrey R. Thompson were re-elected to serve on the CFFN Board of Directors.
2018
The Bank acquired Capitol City Bank on August 31, 2018. This merger allows CapFed® to expand into commercial lending, business banking and trust services. During the Capitol Federal® Financial, Inc. (CFFN) annual meeting of stockholders on January 22, 2019, Chairman Dicus announced the fiscal year 2018 results. The results included $9.4 billion in assets, $7.5 billion in loans and $5.6 billion in deposits. Chairman John B. Dicus, James G. Morris and Jeffrey R. Thompson were re-elected to serve on the CFFN Board of Directors.
2019
The Bank fully integrated Capital City Bank into Capitol Federal the weekend of April 12, 2019 and began expanding into the commercial lending, business banking and trust services sector. During the Capitol Federal® Financial, Inc. (CFFN) annual meeting of stockholders on January 28, 2020, Chairman Dicus announced the fiscal year 2019 results. The results included $9.3 billion in assets, $7.4 billion in loans and $5.6 billion in deposits. Michel’ Philipp Cole, Jeffery M. Johnson and Michael T. McCoy, M.D. were re-elected to serve on the CFFN Board of Directors. CEO Dicus stated the Bank will continue to focus on single family lending practices as well as integrating and growing our commercial lending and business banking sectors.
2020
2020 proved to be an interesting year as the COVID-19 pandemic altered portions of our customer interactions. Drive-thru service was utilized as branch lobbies were closed and social distancing became necessary. However, through it all, Capitol Federal remained True Blue® Strong. We opened a new CapFed branch in the Kansas City Northland at 94th & North Oak and broke ground on the new KenMar branch in Wichita and Tiffany Springs branch in the KC Northland. We debuted VA loans and continued to roll out our commercial lending and business banking products.
During the Capitol Federal® Financial, Inc. (CFFN) annual meeting of stockholders on January 26, 2021, Chairman Dicus announced the fiscal year 2020 results. The results included $9.48 billion in assets, $7.2 billion in loans and $6.19 billion in deposits. Morris. J. Huey II and Carlton A. Ricketts were re-elected to serve on the CFFN Board of Directors. CEO Dicus stated the Company took advantage of a drop in our stock price to repurchase 2.6 million shares, however, since the inclusion of the Company into the S&P 600 SmallCap Index in early October 2020, the price has rebounded. CEO Dicus also stated the Bank will continue to expand our growing commercial lending and business banking presence in all market areas.
2021
CapFed opened a new branch in the Kansas City Northland at 8781 N. Ambassador Drive and also opened a newly constructed KenMar branch in Wichita. During the Capitol Federal® Financial, Inc. (CFFN) annual meeting of stockholders on January 25, 2022, Chairman Dicus announced the fiscal year 2021 results, which included $9.63 billion in assets, $7.08 billion in loans and nearly $6.6 billion in deposits. John B. Dicus, James G. Morris and Jeffrey R. Thompson were re-elected to serve three-year terms on the CFFN Board of Directors.
2022
The Bank enjoyed a consistent year of service to our customers and communities. We broke ground on a new branch location at 6900 State Avenue in Kansas City, Kansas, our first full-service location to compliment our existing in-store location in Wyandotte County. Financial results for the year announced at the annual meeting of stockholders on January 24, 2023 included $9.62 billion in assets, $7.46 billion in loans and nearly $6.2 billion in deposits. Michel' Cole, Dr. Michael McCoy and Jeffrey Johnson were re-elected to serve three-year terms on the CFFN Board of Directors.
2023
2023 brought a conversion of the Bank’s core processing system, including changes and improvements to CapFed’s True Blue Online Banking and mobile banking applications. These changes, collectively referred to as the Digital Transformation, put in place a platform that will enable the Bank to incorporate updates, features and efficiencies more easily as opportunities arise in the future.
