Financial Education Center

2024 Year-End Tax Planning Strategies to Consider

Here are some things to consider as you weigh potential tax moves before the end of the year. The window for most tax-saving moves closes on December 31, so don't procrastinate.

Tribute to Those Who Served - Tom Bommarito

First Bank partnered with the Greater St. Louis Honor Flight and the St. Louis Blues to honor United States Army Staff Sgt. E-6 Tom Bommarito in the First Bank Tribute to Those Who Served. Watch this special tribute as Mr. Bommarito recalls his time during his service as well as appreciation for the Honor Flight.

Healthcare Cost and Family Business – Time for a Change

This article discusses the pressing issue that is impacting every business and family business in America today: the skyrocketing costs of healthcare. Read the full article.

Casting Your Vote: 8 Decision-Making Techniques to Minimize Conflict

This article discusses how family members can use various voting methods for a fair decision-making process. Depending on your specific needs, the voting techniques outlined may be used independently or together.

What Is Compound Interest and How Can I Earn It?

You might have heard of the term compound interest before and the benefits it can have on your finances. A compound interest account is any account that pays you interest on your principal and interest, not just your original deposit.

Business Requirements for Filing Beneficial Ownership with the Financial Crimes Enforcement Network (FinCEN)

The Financial Crimes Enforcement Network has implemented a new regulation under the Corporate Transparency Act that requires certain businesses to file Beneficial Ownership Information by January 1, 2025. This mandate aims to enhance transparency and combat illicit activities, such as money laundering and fraud, by creating a federal database of beneficial owners.