Financial Education Center

Navigating Uncertainty: Helping Clients to Overcome Common Biases in a Volatile Market

First Bank's Wealth Management advisors help clients avoid three common behavioral biases that can lead to poor investment decisions and aim to align strategic plans with short and long-term goals, risk tolerance, and life stage.

Don’t Give Criminals Your Holiday Fun or Funds

The holiday season is often thought to be the happiest time of the year. Unfortunately, during the holidays, many criminals see the hustle and bustle of the season as an opportunity to trick you into unknowingly providing your bank account information and/or personal data. To ensure you don’t let bad actors ruin your holiday fun, First Bank is providing six tips to keep in mind this season.

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.