First Federal Bank, a financial services firm, agreed to acquire Watson Mortgage, a mortgage financing firm. Financial terms were not disclosed. "Our mission is to provide solutions from a financially stable institution that is a great place to work and bank. This acquisition underscores our commitment to our customers and the residential mortgage sector. We look forward to serving the Watson Mortgage customers with the same excellence they came to expect from the team," John Medina, First Federal Bank President and CEO.