City Savings Financial Corporation is a savings and loan holding company that owns City Savings Bank (the Bank). Effective December 1, 2002, the name of the Bank was changed to City Savings Bank from Michigan City Savings and Loan Association. The Bank offers a variety of lending, deposit and other financial services to its retail and commercial customers. Its principal business consists of attracting deposits from the general public and originating mortgage loans, most of which are secured by one- to four-family residential real property in La Porte County. The Bank also offers commercial real estate loans, home equity, second mortgage loans and other types of consumer loans, real estate construction loans, commercial loans, automobile loans, land loans and multi-family residential loans. The Bank conducts its business from two offices located in Michigan City, Indiana, and Rolling Prairie, Indiana.