FirstFed Financial Corp. Announces Results of Special Meeting of Stockholders

FirstFed Financial Corp. (Pink Sheets:FFED)(the “Company”) today announced the results of its special meeting of stockholders held on September 30, 2009. At the special meeting, the Company’s stockholders approved each of the proposals submitted for consideration, including the proposal to amend the Company’s certificate of incorporation to increase the number of authorized shares of common stock from 100,000,000 to 5,000,000,000, and the proposal to amend the Company’s certificate of incorporation to effect a reverse stock split by a ratio of not less than one-for-ten and not more than one-for-seventy at any time prior to August 31, 2010, with the exact ratio to be set at a whole number within this range as determined by the Company’s board of directors.

FirstFed Financial Corp. is a savings and loan holding company. The Company owns and operates First Federal Bank of California, a federally chartered savings association. The Company’s principal executive offices are located at 12555 W. Jefferson Boulevard, Los Angeles, California 90066, and its telephone number is (310) 302-5600. Information about the Company, including corporate background and press releases, is available through the Company’s website at www.firstfedca.com.