Financial Education Center

High Mortgage Down Payments Shouldn’t Hold You Back!

Homeownership can be out of reach for potential buyers with low-to-modest incomes. In the past, traditional advice was for renters and potential buyers to save enough to make a 20% down payment in order to get more favorable lending terms.

Financial Planning: Helping You See the Big Picture

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached.

Tribute to Those Who Served - Dale Schaefer

First Bank, along with the Greater St. Louis Honor Flight, had the pleasure to feature Navy Captain Dale Schaefer in the “Tribute to Those Who Served” at a St. Louis Blues game. Captain Schaefer was active in the military from 1958 – 1963 and then in the reserves for over 25 years. He served on the front lines of the Cold War during the building of the Berlin Wall and the Cuban missile crisis. He flew A3 Bombers and had 199 mission landings.

Misconceptions of Family-Owned Businesses

If small businesses are credited as the engine of the U.S. economy, family-owned businesses generate the power. According to the U.S. Census Bureau, approximately 90 percent of American businesses are family-owned or controlled.

Family Businesses and Growth: Four Pitfalls of Growing Too Fast

Growth is critical for businesses that want to gain traction and become a dominant business in their industry. For family-owned businesses focused on longevity and multi-generational leadership, recognizing the warning signs and handling them appropriately can help ensure healthy growth in the future.

Is Home at the Heart of Retirement Planning?

April is National Fair Housing Month, a month that celebrates the passage of the Fair Housing Act in 1968. This law prohibits discrimination in the sale, rental, and financing of housing based on race, color, national origin, religion, and gender. It’s also a time when we may all consider our homes and the roles they play in our lives.