Friday, January 18, 2019

Am I Ready to Buy a Home?

Are you tired of renting and just ready for something more permanent? We understand. It is quite the feeling to have a home to really call your own, but are you ready? Buying your first home is a BIG step and not only do you need to be ready financially but it's a HUGE commitment. First Bank of the Lake is here to give you a few things to consider before buying your first home. If you find that you are ready to purchase your first home and need a mortgage at the Lake of the Ozarks, call our bank in Osage Beach at (573) 348-2265. When you work with a local bank like First Bank of the Lake, loan approvals and other key decisions are made locally by people who live in your community and who may even know you already.



Do you make enough money?

A good rule of thumb is if the total monthly cost of the home, including but not limited to:

  • HOA fees
  • Homeowners Insurance
  • Mortgage Interest and Principal
  • Taxes
...is over 32% of your income, then you should discuss this with a mortgage lender to determine the viability of buying the home.

Are you prepared to put down a down payment?

The more you can put down the better off you are, it can help you to get a better rate. The best thing to do would be to sit down with a mortgage loan officer at the Lake of the Ozarks, explain how much you have to put down, and see what is possible mortgage wise.

How is your credit?

If you have little to no credit, you may take some more time to build up your credit before trying to buy a home. Get a credit card and start to use it responsibly to build up credit if you have none. If you have credit and it is just bad credit, start to work out a payment plan for your current debt (if that's the case) before you plunge yourself into more debt by buying a home.


Are you ready to stay in one place?

Mortgages are typically for 30 years, buying a home can be a major time commitment and we would only suggest buying a home if you plan to live there for quite some time. That being said, you can always sell your home and move, but that can take a lot of work and if you are planning on moving somewhere in a couple years, you may just be better offer continuing to rent until you move.


See If You Are Ready to Buy a Home with First Bank of the Lake!


There are great advantages when you choose to bank locally and get your mortgage at a bank in your own community. Loan decisions are then made by your neighbors or people that you see in the grocery store in the week, it can make a difference. See what we mean and stop in for a visit at First Bank of the Lake.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, January 11, 2019

February Events at the Lake of the Ozarks

We really love being a bank at the Lake of the Ozarks community. This is such a great place where local businesses come together and help each other. First Bank of the Lake would like to take this opportunity to feature a few of the February events happening at the Lake of the Ozarks that will be hosted by local businesses. To learn more about our community bank in Osage Beach, visit www.FirstBankLake.com.


February Events at the Lake of the Ozarks


Source: https://www.funlake.com

Event: Free Wedding Vow Renewal at Bridal Cave
When: Feb 10, 2019
Where: Bridal Cave
526 Bridal Cave Road
Camdenton Missouri 65020
Phone: 573-346-2676
Email: info@bridalcave.com
Website: http://www.bridalcave.com
Facebook: https://www.facebook.com/bridal.cave.3
Hours of Operation: 9:00 am to 4:00 pm
Pricing: FREE

Event Details: Bridal Cave cordially invites you to celebrate Valentine’s Day.

  • Renew your wedding vows on Sunday, February 10th from 9am to 4pm 
  • Each couple will receive fresh flowers for the Bride from Janine’s Flowers, Lindsey Webster Photography will take a wedding portrait available for download online, a Goodie Bag with lake area discounts and a Lifetime Pass to Bridal Cave at NO CHARGE!


Event: Mardi-Gras Pub Crawl
When: Feb 16, 2019
Where; Osage Beach Parkway
Osage Beach Missouri 65049
Phone: 573-348-1599
Website: http://lakepubcrawl.com

Event Details:

  • Leave your keys and take the bus!!! 
  • 32 total buses run from 4:00pm til 2:30am and will get you to and from your location with no need to drive. 
  • A sober chauffeur will be provided and all you have to do is kick back, leave your keys in the drawer, jump on a bus and have fun. 
  • Hotel shuttles are provided to get your crawl started and route buses stop at every location on the CRAWL!!!

Event: Home, Business & Lake Living EXPO
When: Feb 22, 2019 - Feb 23, 2019
Where: Lodge of Four Seasons - Campana Hall
315 Four Seasons Dr.
Lake Ozark MO 65049
Phone: 1-800-769-1004
Email: info@camdentonchamber.com
Website: http://camdentonchamber.com/home-business-lake-living-expo/
Hours of Operation: Fri: 3 pm to 7 pm; Sat: 9 am to 5 pm

Event Details: The show will feature a wide range of products and services including:

  • Consumer goods 
  • Health and wellness 
  • Building contractors and suppliers
  • Plumbing and electrical supplies
  • Home improvement and remodeling

...and much more.


We hope you enjoyed learning more about these events and that you are able to attend some of them and support your community. When you bank local, you put your money to work growing the local economy. We share a common commitment to our community with our customers. To bank with Lake of the Ozarks bank that has over 30 years experience, call First Bank of the Lake at 573-348-2265.

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, January 4, 2019

Get to Know Our Team - Gwen Sullens

We here at First Bank of the Lake, your Community Bank at the Lake of the Ozarks are very excited about 2019! We are also excited to be able to continue our monthly blog series, Get to Know Our Team. This month we will be introducing you to our very own Gwen Sullens. We have the pleasure of getting to know so many great people/customers each and every day, we feel it is only fair that you get to know us too. We've asked each of our staff members a few questions in order to get to know them better. Keep reading for the answers we got from our own Gwen Sullens.


Get to Know Our Team - Gwen Sullens


1. How did you get started in the banking industry? 

Started in 1987 as a teller.

2. What is your position at the bank? What are some of your key responsibilities? 

V.P. Loan Officer, In house ARM, Secondary, Construction, Lot, personal commercial loans

3. What brought you to the Lake of the Ozarks? 

I was born in the area, then moved away as a child. I returned to the area in 1982.

4. What do you enjoy the most about your job? 

Being in small town banking and knowing your customers and helping with their needs

5. How do you enjoy spending your time when not at work? 

  • Vacationing with my family and friends
  • Outside activity in the summer
  • And getting on our motorcycle to ride with my husband


6. When you were young, what did you want to be when you grew up? 

No specific one career and I would change my mind often

7. What is your dream vacation destination? Why? 

Anywhere that is warm and spend with friends

8. If you won the lottery, what would you do?

If I won big, I'd pay off items, pay off certain family mortgages, donate to church and charities, and invest for life and our children.


Happy New Year from First Bank of the Lake!


We hope everyone had a great time celebrating the New Year and we also hope you enjoyed reading this blog and getting to know Gwen Sullens a little better. We appreciate everything she does for us and she is a very valuable member of this banking team. Stay tuned next month for when we continue our Get to Know Our Team blog series with another fantastic staff member. If you haven't already, be sure to follow us on all of our social media platforms listed below to stay up to date on our latest banking products. At First Bank of the Lake, we don't try to sell you a loan or service you don't need. We make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, December 28, 2018

Start Your NEW Business in 2019!

2019 is almost here and we are beyond excited! As we've said before, many people choose to make New Year's resolutions. Stop worrying about your doubts and make 2019 the year you start your new business! Worried about how you will get the financing for the start-up costs? Worry no more and call our SBA loan officers at the Lake of the Ozarks. First Bank of the Lake specializes in SBA loans or small business loans and we'd be happy to go over your financing options with you. Please feel free to give us a call at 573-348-2265 or stop by at 4558 Osage Beach Parkway, Suite 100 at the Osage Beach Premium Outlets entrance. Keep reading for tips for starting a business successfully and for more information on our SBA loans.


Tips for Starting a Business Successfully


  • Don't underestimate your competition.
  • Communicate with your potential customers the way THEY want to be communicated to, do your research. (For example: if you are targeting business professionals, you should look into setting up a Business LinkedIn page as LinkedIn is like Facebook but for business professionals.
  • Present your business as a solution for common problems people may have versus marketing yourself in a way to is too "sales focused."
  • Get involved in your community and show you care. (Not only can this better your community but it can also get your name out there more and allow you to make new business connections.)
  • Don't be afraid to start small and allow your business to grow over time.



SBA Loans at the Lake of the Ozarks


Q: What is an SBA loan?

A: SBA 7(a) loans are guaranteed in part by the Small Business Administration, an agency dedicating to supporting small businesses across the United States. The SBA guarantees a portion of the loan, but First Bank of the Lake provides the funding for the loan. Because they are specifically geared towards funding small businesses, SBA loans offer several unique benefits designed to give entrepreneurs a competitive edge.

Q: Why should I get an SBA loan?

A:

  • Long Term Financing - SBA loans offer long-term financing, which helps improve cash flow. In most cases, the loan is for a fixed term and will not have a balloon.
  • Low Down Payments - One of the uses of an SBA loan is to provide much-needed funding to businesses who are trying to get off the ground. Consequently, SBA loans often offer loan down payment options to make them affordable to their target market.
  • Several Different Loan Options - SBA loans are not "one-size-fits-all." In fact, there are several different types of these loans you can choose from. Your SBA lender at the Lake of the Ozarks will be able to help you determine which is best for your situation.
To make your dream business a reality, call the Lake of the Ozarks SBA Loan Officers at First Bank of the Lake. We can be reached at 573-348-2265.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, December 21, 2018

Stick to Your Financial New Year's Resolutions in 2019 with First Bank of the Lake!

2019 is on the horizon! Who's excited? We know we are here at First Bank of the Lake. Many times, as people make New Year's resolutions, they can tend to be financially related. For example, I will start an IRA at the Lake of the Ozarks in 2019 and contribute five percent of my paycheck to it every two weeks. Your community bank at the Lake of the Ozarks supports you making your financial resolutions. Keep reading to learn how we can help you stick to a few of these sample financial New Year's resolutions in 2019.



Sample: I will FINALLY get my bill paying organized and pay them on time.

How First Bank of the Lake Can Help: Our bank in Osage beach developed an online banking app that can help you pay your bills on time and track them more easily. Why waste a check and a stamp by having to mail in your bill payments every month when you pay them from the palm of your hand? Stick to your financial New Year's resolution in 2019 and make your bill paying more conveniently organized and pay your bill online with our new app.

Sample: I will put at least $25 into my savings account every month.

How First Bank of the Lake Can Help: Sometimes just putting away $2 into your savings can be tough if you feel like you are living paycheck to paycheck, but if 2019 is the year you've decided to change your ways and grow your savings, consider the Free Kasasa Saver® and Kasasa Cash Back® checking account at First Bank of the Lake. The Free Kasasa Saver® is saving simplified. Just connect it to your Kasasa Cash Back® checking to build your savings effortlessly. When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver. That’s Kasasa at First Bank of the Lake — free accounts that reward you for banking locally. Learn more by visiting www.FirstBankLake.com or by giving us a call at (573) 348-2265.

Sample: I will pay off my student loans in 2019.

How First Bank of the Lake Can Help: As mentioned earlier, we can help you build your savings effortlessly and pay your bills on time with the Free Kasasa Saver® and the online banking app at First Bank of the Lake. Combine the two and develop the ultimate strategy for paying off your student loans in 2019. Just calculate your goal monthly payment and stick to it by using these helpful tools.


Stick to Your Financial New Year's Resolutions in 2019 with First Bank of the Lake!


We'd like to wish everyone Merry Christmas and a Happy New Year. We know how tough it can be to stick to financial New Year's resolutions sometimes, but we can help you. When you work with a local bank like us, you put your money to work growing the local economy. We share a common commitment to our community with our customers. If you are interested in any one of the banking products we mentioned earlier, please give us a call at 573-348-2265 or stop by and visit us at 4558 Osage Beach Parkway, Suite 100 in Osage Beach. We are located at the entrance to the Premium Outlets. You can also find more information on our website at www.FirstBankLake.com.

Want More Awesome Finance Tips? Sign Up For Our Newsletter!


First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Wednesday, December 12, 2018

New Year's Events at the Lake of the Ozarks

New Year's at the Lake of the Ozarks can be so much fun! There are so many events in this community to enjoy. Our bank in Osage Beach loves being a part of this community and we are passionate about helping local businesses grow. First Bank of the Lake is here to tell you about some of the New Year's events local businesses will be having for the public this year. To bank with your community bank at the Lake of the Ozarks call 573-348-2265.


New Year's Events at the Lake of the Ozarks


Source: www.funlake.com

Event: New Year's Eve Grand Ballroom Celebration at Tan-Tar-A Resort
When: December 31, 2018 @ 6:30 pm - 1:00 am
Where: Tan-Tar-A Resort Grand Ballroom
494 Tan Tar A Drive
Osage Beach Missouri 65065
Email: ttainfo@tan-tar-a.com
Website: http://www.tan-tar-a.com/newyearseve.aspx
Event Details: The New Year's Eve Grand Ballroom package at Tan-Tar-A includes:

  • One night deluxe accommodations
  • The Grand Ballroom Celebration for 2 adults
  • Open bar 
  • A magnificent dinner buffet featuring Prime Rib, complimenting entrees and sides, an array of smoked and traditional cocktail seafood, and a sweet ending table

Please note this event is for 21+ ages only.

Event: New Year's Eve Bottle Pop & Ball Drop
When: Dec 31, 2018 until 3 a.m.
Where: Horny Toad Entertainment Complex at Camden on the Lake
2359 Bittersweet Road
Lake Ozark Missouri 65049
Phone: 573-365-5620
Email: guestservices@camdenonthelake.com
Website: http://www.camdenonthelake.com
Event Details: Festivities will include a private party with live entertainment from Dave Baker Band in the Harbor Ballroom or DJ Lou Diesel.

Please note: Multiple room and party packages available, but book quickly as they fill up fast.

Event: New Year's Eve at Old Kinderhook
When: Dec 31, 2018 starting at 7:00 pm till 1:00 pm
Where: Old Kinderhook
678 Old Kinderhook Dr.
Camdenton Missouri 65020
Phone: 573-317-4314
Website: http://www.oldkinderhook.com
Event Details: This Ballroom Celebration at The Lodge at Old Kinderhook comes with 2 package options:

One package is $99/Person and it includes:

  • Dinner (Begins at 8:00 pm)
  • Live Music by James Clay & The Hired Guns
  • Champagne Toast at Midnight with Sweets Table at Midnight
  • Live Action Food Stations
  • Passed hors d'oeuvres
  • Cash Bar
  • Photo Booth

The other package is Don’t Drive, Stay the Night:
Price: New Year’s Eve Package $359.
It includes a room and 2 Tickets to the New Year’s Eve Party hosted in The Grand Ballroom.

Please note: There is a separate package that is on New Year's Day only. It's Brunch in the Trophy Room New Year's Day (9:00 am – 1:00 pm); $24/Person.

Happy Holidays from First Bank of the Lake!


There are many more New Year's events at the Lake of the Ozarks and www.FunLake.com is a good source for learning more about them. From our community bank at the Lake of the Ozarks to you and your family - we'd like to say Merry Christmas and a Happy New Year!


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265

Friday, December 7, 2018

Get to Know Our Team - Linda Allen

Happy Holidays everyone from First Bank of the Lake! We here at our bank at the Lake of the Ozarks are your community bank. Our staff values this community and we believe in truly good and kind customer service. Helping our customers with smiles on our faces is what we are all about. In the nature of valuing this community, we have got to know so many of our amazing customers, we feel it's only fair you get to know us too. Welcome to the Get to Know Our Team blog series. Each month we will be introducing you to a different team member. Keep reading to get to know our own, Linda Allen a little better. We had the pleasure of asking her a few questions, see her answers below.


Get to Know Our Team - Linda Allen


1. How did you get started in the banking industry? 

I started as a loan processor in 1978 and for ten years worked at a title company.   In 1993 I started working at First Bank Centre, now First Bank of the Lake, for 13 years . . . . after 10 years I had an opportunity to come back to First Bank of the Lake and it has been a great experience.    It was like I never left!

2.   What is your position at the bank?   What are some of your key responsibilities? 

I am Sr. Vice President and Loan Officer.   I process and approve consumer, residential, commercial and construction loans.

3.  What brought you to the Lake of the Ozarks? 

I was born and raised in Chicago just a few blocks from Wrigley Field.   After taking a family vacation to Missouri to visit friends, we ended up buying a farm.   It was soon after that I wanted to sell the tractor and buy a boat.   I am so very lucky to live and work at the Lake of the Ozarks!

4. Where did you attend school? 

I graduated from Lockport West.  I have taken many banking courses throughout the years and continue to attend training to keep up with all the new banking regulations.

5.  What do you enjoy the most about your job? 

I enjoy helping customers obtain their goal of home ownership, purchase a new vehicle or expand or purchase a new business.   I often run into bank customers who I did their first home loan . . . some still have that same home.   I am here to help if customers need a home loan, second home loan or just want to get preapproved so they can shop for their dream home.

6.  How do you enjoy spending your time when not at work? 

I am so very blessed to have a lot of family and friends that are all close; we enjoy boating and four wheeling and now we like cruising around in our little convertible roadster.

7.  When you were young, what did you want to be when you grew up? 

I always wanted to do some type of office work.    When I was seven years old Santa brought me a toy typewriter . . . . and I am still typing away . . . .  only on a computer now!   

8.  What is your dream vacation destination? Why? 

The beach is my favorite vacation!   My husband’s Uncle Bill provided several family beach vacations that were some of the best times.   I try to get to the beach as often as I can with family or friends and try to do the same thing for my family.   Great memories!     9.  What is something few people know about you? I am a full time working Great Grandma!   My husband and I have a total of 15 grandchildren . . . 3 are great grandchildren.

10.  If you won the lottery, what would you do? 

With 15 grandchildren and 5 children with spouses, it would not take long to figure out what to do with my lottery winnings!



Stay tuned next month on all our social media channels listed below, to get to know the next team member. If you are tired of not receiving the great customer service you deserve from your current bank, check out our bank in Osage Beach. First Bank of the Lake is located by the entrance of the Osage Beach Premium Outlets.

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065


(573) 348-2265