Category: Banking 101

First Bank’s NEW Digital Banking Platform – a Better Banking Experience

Posted by Content WriterPosted on Banking 101, Operations & Processes

First Bank is taking strides in the digital banking field to build a better banking experience for you. We are upgrading our platform for digital use that will include an easy-to-use interface and effortless direct interaction with First Bank bankers. Along with viewing your accounts, transactions, and making payments, some of the new upgrades include a fresh look, new innovative … Read More

College Savings Accounts – All You Need to Know

Posted by Lisa PetersonPosted on Banking 101

Saving for college is critical for many families, and it can weigh on a lot of people’s minds. The act of saving for college can be a big deal and a lot of hard work. It is important to know what kind of savings tactics and bank accounts are going to make it easy. There are a handful of accounts … Read More

Financial Education for High School Students

Posted by First BankPosted on Banking 101, General

Whether you plan to go to college, take a gap year, or go straight into the workforce, all high schoolers should know how to handle and manage their money. High school is a great place to start learning how to be financially intelligent. It is important for high schoolers to know the basic information about opening bank accounts, setting goals … Read More

Home Purchase Planning

Posted by First BankPosted on Banking 101, Home Ownership, Mortgages

Buying a home is an exciting and stressful time for anyone, whether it is the first or the fifth time buying a home. When it comes to purchasing a home, there are all kinds of steps that need to take place before the sale is official, but there are also many steps that should be considered before even submitting an … Read More

2021 Tax Planning Tips

Posted by First BankPosted on Banking 101, Money & Metrics, Trust & Investments

At the start of the new year it can be easy to forget that tax season is just around the corner. Hopefully, all end of the year planning for 2020 has already been taken care of so you can start to focus on getting everything in order for filing taxes. This year, planning for taxes, and taxes in general, may … Read More

Financial Tips for 2021

Posted by First BankPosted on Banking 101, General, Money & Metrics

The start of the new year is a great time to reassess your financial situation, make a plan for saving in the future, and put that plan into action early in the year! Although the new year’s resolution approach to financial planning can seem like a great accountabilty tool, it is also important to make resolutions that are attainable with … Read More

Year End Financial Planning

Posted by First BankPosted on Banking 101, General, Money & Metrics

Throughout the year is it easy to forget about tracking and managing your finances, many people use the final months of the year to get themselves back on track to start the new year off right. Jumping back into financial planning can be a bit stressful, but here are some of the most important steps to take to end the … Read More

Protecting Yourself from Money Scamming

Posted by First National BankPosted on Banking 101, Money & Metrics

Money scams are nothing new. On some level, everyone who owns a phone, landline or mobile, has interacted with a money scammer at some point in their life. However, money scammers can also take the form of pre-recorded audio calls, personal emails, messages on social media sites, and many more, so no one can say that they are not at … Read More

Saving For Your Future & Your Family

Posted by First National BankPosted on Banking 101

When you are younger, saving money for your future such as kids, purchasing a house, or retirement may seem like the last thing you need to worry about. According to new data from Nationwide, “A good 25% of millennials worry about saving enough money for their senior years. That’s a valid concern since retirees without savings risk struggling financially.” In … Read More

Improving Your Credit Score

Posted by First National BankPosted on Banking 101

Your credit score has a huge bearing on many aspects of your life. Your credit score helps financial institutions and lenders determine your creditworthiness. According to, the FICO score was first introduced in 1981 by the Fair Isaac Company (now called FICO.) “Lenders use credit scores to evaluate the probability that an individual will repay their debts. A person’s … Read More

Personal Credit vs. Business Credit

Posted by First National BankPosted on Banking 101, Money & Metrics

Credit is something we are all familiar with. We use it to pay bills, put gas in our cars and so much more. Every person has their own credit history that follows them throughout their lives. The same could be said for businesses. Even though they aren’t people, businesses generate their own credit history and scores. Personal Credit According to … Read More

Teaching Your Kids About Personal Finance

Posted by First National BankPosted on Banking 101

Children whose parents don’t teach them about handling money, may grow up to be adults who don’t know how to handle their finances.  Start when they’re young, but keep it simple. Take your child to the grocery store and plan to pay with cash. Tell them that you have a certain amount of money to buy food today, and when … Read More