Banking

Every year on September 5, the world comes together to celebrate the International Day of Charity—a day dedicated to recognizing the power of giving and the impact of compassion. At First Option Bank, charity isn’t just a one-day event—it’s a cornerstone of who we are.

Since our founding in 1923, First Option Bank has been more than a financial institution. With 10 locations and deep roots in the communities we serve, we’ve...

  Be on the lookout April 21 through April 25! Our First Option Bank piggy banks are on the move!

Each day, Monday through Friday, one of our pigs will be hanging out near a well-known landmark or organization in our communities. A clue to the location will be posted ONLY on our Facebook and Instagram pages (click here to "like" us and follow us). If you’re lucky, you’ll find a piggy and be able to claim the prize! 

If you found a piggy,...

Business financial statements don’t have to be intimidating, and understanding how to read them can help your business thrive. Learn about the three primary financial statements that are critical tools for managing your business: income statements, balance sheets, and cash flow statements.

This lesson will help you:

Understand the importance of business financial statements Learn how to use income statements, balance sheets, and cash flow statements Explain how business...

During America Saves Week we're taking a look at why you need an emergency fund.

Recently the Federal reserve noted that almost half of Americans don't have $400 cash available in an emergency fund. 

As our country continues to recover from the health and financial crisis, there are many other reasons to ensure that you save for the unexpected, both big and small.

Click Here to see all 38 reasons why you need at least $500 in Savings on...

During America Saves Week we're taking a look at "What's the Easiest Way To Save"?

The answer...Automatically!

Saving Automatically is the easiest and most effective way to save - especially over time. There are three basic strategies you can use, when saving automatically.

Split to Save: Instruct your employer to direct a certain amount from your paycheck and transfer it to a retirement or savings account. Y Auto-Transfer: Every payday, have your...

Certificates of Deposit, or CDs, are a type of financial account designed to hold your money for a fixed amount of time with low associated risk – and you earn guaranteed interest in return! Learn more about what is involved in opening a CD to decide if this saving tool is right for you. This lesson will cover: CD options offered by financial institutions How to calculate your interest earnings The pros and cons of CDs, compared to other accounts
  CLICK HERE...

Business financial statements don’t have to be intimidating, and understanding how to read them can help your business thrive. Learn about the three primary financial statements that are critical tools for managing your business: income statements, balance sheets, and cash flow statements.

This lesson will help you:

Understand the importance of business financial statements Learn how to use income statements, balance sheets, and cash flow statements Explain how business...

When it comes to saving for retirement, you have many options to choose from to help you reach your savings goals. IRAs, like all accounts, offer their own features that may make them a good option for you. Take this lesson to learn more about: How IRAs compare to other account options The different types of IRAs Opening and using an IRA
  CLICK HERE To Learn More

If you’re like many consumers, you appreciate the convenience of being able to manage your finances without making frequent trips to the bank. Learn how you can make money management part of your everyday routine, right from your phone or computer. Take 5 minutes to learn more about: Mobile and online banking product features Understanding mobile payments and when to use them Additional steps to safeguard your privacy when using mobile and online banking CLICK HERE To Learn More