News Releases

NEW YORK, February 26, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of FirstFed Financial Corp.  (the "Company") – ticker symbol FED – should be suspended prior to the market opening on Wednesday, March 4, 2009.

The decision to suspend the Company’s common stock was reached in view of the fact that the Company has fallen below the New York Stock Exchange’s (“NYSE”) continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $15 million. This $15 million level is temporarily in effect (compared to the historical $25 million). The company’s current market capitalization as of February 25, 2009, was $5.5 million based on a $0.40 share price. 

The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.

Company contact:
Douglas J. Goddard, CFO
310.302.5600