At First Bank, we envision a future where our time, attention and charitable funding collectively help shape a more positive future for generations to come. First Bank is passionate about supporting educational options for all young people, but especially those from historically disadvantaged communities.
Business owners anticipate changes in the future with things like strategic planning, life insurance policies, estate and trust documents, and more. However, what happens when all of this is circumvented by life changing events with family members and key employees?
Suppose they were injured and out of work for a while, or suppose they died? Would your business survive or suffer a financial loss?
This year, National Small Business Week falls in September. Small businesses are often described as the backbone of the American economy as they employ a majority of American workers and provide many of the services we all enjoy.
You may have considered setting up a buy-sell agreement to ensure your surviving family a smooth sale of your business interest and are looking into funding methods. One of the first methods you should consider is life insurance.
The First Bank Center for Family-Owned Businesses held a webinar on August 10th, 2021 covering strategic planning as a foundation for family business succession.
The First Bank Center For Family-Owned Businesses held a webinar on navigating the hidden dangers in a family business.