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Certificates of Deposit Education

Certificates of Deposit Education

Posted On: December 15, 2020 by First Option Bank in: Banking, Financial Wellness, Tips & Tricks

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
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Tags: CDs, Certificates of Deposit, Financial Education, Financial Wellness

Small Business Financial Statements Education

Small Business Financial Statements Education

Posted On: December 3, 2020 by First Option Bank in: Banking, Financial Wellness, Tips & Tricks

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...
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Tags: Financial Education, Small Business, Small Business Financial Statements, Tips & Tricks

IRAs Education

IRAs Education

Posted On: November 17, 2020 by First Option Bank in: Banking, Financial Wellness, General, Investment Services, Tips & Tricks

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
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Tags: Financial Education, Financial Wellness, IRA, IRAs, Retirement, Saving, Tips & Tricks

Mobile and Online Banking

Mobile and Online Banking

Posted On: November 10, 2020 by First Option Bank in: Banking, Financial Wellness, General, Tips & Tricks

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
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Tags: Education, EVERFI, Financial Education, Financial Wellness, Mobile Banking, Online Banking, Personal Finance, Tips & Tricks

Community Cafe

Banking Through Uncertainty during COVID-19

Posted On: September 9, 2020 by First Option Bank in: Banking, Financial Wellness, General

 

Tags: Banking, Community Cafe, COVID-19, Interest Rates, Loans, Mortgage, Small Business

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Osawatomie Branch Temporarily Closed

Posted On: August 31, 2020 by First Option Bank in: Banking, Branch Highlights, General, News

First Option Bank is saddened to report that an employee of the Osawatomie branch has tested positive for COVID-19. The Osawatomie Lobby will be closed until further notice.

We have been and will continue following all CDC recommended cleaning and sanitizing measures.

We appreciate your patience and understanding as our lobby remains closed to ensure the safety of our employees, families, and the community. First Option Bank encourages following CDC guidelines on social...

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Tags: Branch Update, Closed, COVID-19, Hours, Locations, Osawatomie

What To Know About Economic Relief Payments

What To Know About Economic Relief Payments

Posted On: April 20, 2020 by First Option Bank in: Banking, General, News, Tips & Tricks

In March, the CARES Act – a $2 trillion economic relief package – was signed into law. A provision of the law will provide financial relief to many Americans as a result of the COVID-19 pandemic. Below you will find answers to common questions regarding these economic relief payments.

1. How large a payment will I receive?

The CARES Act outlines the parameters of who is eligible to receive a payment. The Internal Revenue Service is the agency responsible for determining...

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Tags: CARES Act, COVID-19, Economic Relief Payment, News, Tips & Tricks

US Capitol

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

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

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