Financial Education Center

Business Succession Planning Buy-Sell Agreements

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing owner's share of the business. Specifically, buy-sells control when owners can sell their interests, who can buy an owner's interest, and at what price.

Business Succession Planning

When developing a succession plan for your business, you must make many decisions. Should you sell? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest?

Ensuring a Seamless Transition in Leadership

To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.

Brighten Your Holidays This Year with First Bank

The holiday season is in full swing! What do you have left to accomplish? Here are a few ways First Bank can help you during the holiday season.

Your Introduction to College Banking 101

Whether you’re a returning college student or a first-year freshman, there are many items on your to-do list to complete before the next semester starts.

College Tuition Costs Increase Nearly 8% Each Year: Find Out Ways to Avoid Student Loans

When you think of college, the expense of pursuing higher education and student loans might be two things that come to mind. Here are a few ways you can fund a college education without completely relying on student loans.