First Bank: Company Research Report

Company Overview

• Name: First Bank

• Mission:

• To help family-owned businesses, their families, and employees thrive through generations.

• First Bank aims to be a bank of choice, committed to supporting clients in achieving their long-term goals, providing comprehensive solutions through empowered local colleagues.

• Founded:

• The bank traces its roots back to 1906, originally established as Creve Coeur Farmer’s Bank.

• Founders:

• Initially founded as Creve Coeur Farmer’s Bank, the ownership shifted to the Dierberg family with William F. Dierberg becoming president in 1910.

• Key People:

• James F. Dierberg - Third Dierberg generation leader, responsible for major expansion.

• Mike Dierberg - Chairman of FB Corporation and First Bank, representing the fourth generation in leadership.

• Mikel Williamson - President and Chief Executive Officer.

• Headquarters:

• No information is available on the exact city of headquarters, but the bank primarily operates in Missouri, California, and Illinois.

• Number of Employees:

• No information is available.

• Revenue:

• No information is available.

• Known for:

• A long-standing family-owned business offering personalized banking services with a focus on family-owned businesses and generational commitment to community and client welfare.

Products

• Banking Services:

• Business Banking: Tailored solutions including commercial loans, business checking, and savings accounts.

• Personal Banking: Salary accounts, savings deposits, day-to-day banking solutions, wealth management services.

• Commercial Banking: Offering business checking accounts, commercial loans, and more.

• Mortgages: Full-service mortgage solutions, expanded to include home equity loans and lines of credit.

• Wealth Management: Services aimed at helping clients manage and grow their personal wealth.

• Key Features:

• High-Yield Savings Accounts: Offering competitive interest rates.

• Certificates of Deposit (CDs): Options like 7 months at 4.50% APY or 13 months at 4.00% APY.

• eBanking Platform: Facilitates easy and convenient access to banking services on the go.

Recent Developments

• New Features:

• Significant features added recently include a high-yield savings account offering an APY* of 4.75%.

• Recent Initiatives:

• Launch of the Center for Family-Owned Businesses catering to the needs of family-run enterprises.

• Hosting numerous webinars and events for business learning and development, including topics on leadership, AI in branding, and economic opportunities.

• Expansion and Growth:

• Increased footprint in mortgage services across Kansas and Nebraska.

• Establishing branches in grocery stores in Illinois beginning 1981, with ongoing expansions into the California markets.

• Partnerships:

• No specific partnerships disclosed.

Note:

• Fields with "No information is available" were not provided in the data source and therefore could not be included in the report.