Financial Education Center

Establishing a Healthy Board in a Family-Owned Business

A board of directors is the fiduciary arm of a company on behalf of its shareholders. Its purpose is to help guide the company on important decisions, including hiring senior team members and setting salaries; making decisions on investments and dividends, mergers and acquisitions; and setting goals for the team and providing the resources to support those objectives to help ensure a company’s long-term success.

Uncle Sam Wants to Know About Your Gig Income

If you earn money through an app or online digital platform, you may be affected by a tax reporting change that took effect on January 1, 2022. A provision of the 2021 American Rescue Plan requires third-party payment processors to report business transactions totaling over $600 per year by issuing a Form 1099-K to the taxpayer and the IRS. In prior years, the reporting threshold was much higher (200 business transactions and $20,000).

Ed Hart and Michael Dierberg Discuss First Bank's Past, Present, and Future

On this episode of Ed Hart's From the Hart Podcast, join Ed Hart (Director of First Bank’s Center for Family-Owned Businesses) and Michael Dierberg (Chairman of FB Corporation and First Bank) as they discuss First Bank’s longstanding history as a fourth-generation family business. Watch and listen as they dive deep into Michael Dierberg’s role, the exciting future of our 112-year-old business, and much more!

First Bank First Impressions - JD Barlow Construction

Dawn Vernola shares her insight on her company's experience with First Bank.

Webinar: Ready to Buy? Should You Invest As a Family in Other Businesses?

Your family business has capital to invest and talented family members, so how do you take advantage of this for your family’s benefit? Join Joe Ambrose, Executive Director of the First Bank Center for Family-Owned Businesses, as he moderates our panel discussion of making the most of adding businesses to your family’s portfolio of investments.