When it comes to building a solid financial foundation, one of the core elements is a savings account. A traditional savings account is a great way to keep your money safe, however, consumers are often looking for better ways to grow their money while keeping it secure, often with a high-yield savings account (HYSA).
Despite 2020 being a challenging year for everyone, First Bank teams continued to support the communities in which we serve in whatever manner possible. Although our volunteer efforts looked a little different than normal due to the pandemic, our charitable giving amounts still demonstrated our strong commitment. Learn more about our initiatives that support the people and the businesses in our communities.
Tim Fogerty, Managing Director of First Bank Commercial Banking and Kate Mayfield, Director of Credit Underwriting at First Bank provided updates from the COVID-19 Relief Economic Aid Act passed at the end of December, including information on Second Draw PPP Loans. They also provided information on how to apply for a second draw loan with First Bank.
First Bank’s Center for Family-Owned Businesses held a webinar on January 12th covering COVID vaccinations and if employers can require them.
Every year, the College Board releases updated college cost data and trends in its annual report.
U.S. consumer spending accounts for about two-thirds of all economic activity, so it's good news that many businesses and consumers have adapted quickly to the new normal created by the pandemic.
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. Major relief provisions are summarized here, as well as some additional tax provisions.