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CARES Act Announced

Posted On: March 31, 2020 by First Option Bank in: Banking, General, Loans, News

First Option Bank CARES About Your Business If your business has been negatively impacted by COVID-19 and has fewer than 500 employees, is a non-profit, a tribal business or a veterans' association, you may be eligible for a loan through the recently announced CARES (Coronavirus Aid, Relief, and Economic Security) Act.   First Option Bank will offer SBA 7(a) loans through the CARES Act. The overall intent of the new stimulus package loans is to help reinvigorate small businesses across the country and to help them to not lay off workers due to COVID-19 disruptions. One of the most important provisions to be aware of is the small business Paycheck Protection Program. Within the CARES Act, the Paycheck Protection Program sets aside $350 billion in government-backed loans and is modeled after the existing SBA 7(a) loan program.  Current details on the CARES Act small business Paycheck Protection
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CARES Act Announced

Posted On: March 31, 2020 by First Option Bank in: Banking, General, Loans, News

First Option Bank CARES About Your Business If your business has been negatively impacted by COVID-19 and has fewer than 500 employees, is a non-profit, a tribal business or a veterans' association, you may be eligible for a loan through the recently announced CARES (Coronavirus Aid, Relief, and Economic Security) Act.  

First Option Bank will offer SBA 7(a) loans through...

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Tags: Business, CARES Act, COVID-19, Loans, News

COVID-19 Updates

COVID-19 Updates

Posted On: March 20, 2020 by First Option Bank in: News

INFORMATION UPDATED ON: 03/20/2020 at 5:26PM

As we continue to monitor the impact of the coronavirus (COVID-19), we remain focused on our commitment and responsibility to serve our customers, while also addressing the health and safety of our employees, customers and communities.   

In following the state and CDC recommendations on social distancing, effective Thursday, March...

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Tags: News, Updates

Financial Relief Program

Posted On: March 20, 2020 by First Option Bank in: News, Press Release

First Option Bank Offering Financial Relief Program to individuals and business owners who have been affected by COVID-19. 

Paola, KS. (Mar. 20, 2020) – As part of our ongoing commitment to work with customers to lessen the impacts of financial hardships due to the evolving COVID-19 situation, First Option Bank is offering a Financial Relief Program to our loan customers for consumer, credit card, mortgage and...

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Tags: News, Press Release

Financial Relief for those Affected by COVID-19

First Option Bank Offers Financial Relief in Response to COVID-19

Posted On: March 20, 2020 by First Option Bank in: News, Press Release

First Option Bank Offers Financial Relief in Response to COVID-19

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Tags: News, Press Release

Drive-Thru Service

First Option Bank to Temporarily Close Lobbies

Posted On: March 18, 2020 by First Option Bank in: News, Press Release

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Tags: News, Press Release

Exploiting the Coronavirus: Watch out for These Scams!

Exploiting the Coronavirus: Watch out for These Scams!

Posted On: March 16, 2020 by First Option Bank in: General, Tips & Tricks

Look out! The bad guys are preying on your fear and sending all sorts of scams related to the Coronavirus (COVID-19).
Below are some examples of the types of scams you should be on the lookout for:
 

Emails that appear to be from organizations such as the CDC (Centers for Disease Control), or the WHO (World Health Organization)....
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Tags: News, Scam, Scammers, Tips & Tricks

National Consumer Protection Week 2020

National Consumer Protection Week 2020

Posted On: March 5, 2020 by First Option Bank in: Banking, Financial Wellness, General

The Federal Deposit Insurance Corporation (FDIC) is known for protecting depositors, but we do more to connect with and protect the public. The FDIC was created in 1933 in response to the thousands of bank failures during the Great Depression of the late 1920s and early 1930s. Since the start of FDIC insurance in 1934, no depositor has lost a single cent of insured funds. 

What bank products does FDIC Deposit Insurance cover?

FDIC deposit insurance enables consumers to confidently...

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Tags: Community, News

America Saves Week 2020 | Save as a Family

America Saves Week 2020 | Save as a Family

Posted On: February 29, 2020 by First Option Bank in: Banking, Community Commitment, Financial Wellness, General, Tips & Tricks

The best way to teach great money habits to our...

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Tags: America Saves Week, Children, Community, Family, Money Habits, News, Saving, Tips & Tricks

America Saves Week 2020 | Save to Reduce Debt

America Saves Week 2020 | Save to Reduce Debt

Posted On: February 28, 2020 by First Option Bank in: Banking, Community Commitment, Financial Wellness, General, Tips & Tricks

Are you currently working to pay down your debt?...

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Tags: America Saves Week, Community, Debt, News, Reduce Debt, Saving, Tips & Tricks

America Saves Week 2020 | Save to Retire

America Saves Week 2020 | Save to Retire

Posted On: February 27, 2020 by First Option Bank in: Banking, Community Commitment, Financial Wellness, General, Tips & Tricks

Preparing for retirement can easily be pushed...

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Tags: America Saves Week, Community, News, Retirement, Saving, Tips & Tricks

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