It is an exciting time in our 100+ year-long history as Mikel Williamson assumes the role of President and CEO. As of November 1, 2023, Mikel will be taking over day-to-day bank responsibilities and will also serve as CEO and president of FB Corporation.
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.
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?
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
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.
It’s that time of year when campus sports have started, fall weather is here, and professors have loaded students up with homework. Whether you’re a returning college student or a freshman, there are plenty of things that you can get ahead of during this time.
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.