Friday, January 17, 2020

Introducing The Certificate of Deposit Account Registry Service® (CDARS)

CDARS is a banking product for anyone who wants to combine the convenience of working directly with just one financial institution with the security of access to FDIC insurance at multiple institutions. When you place a large deposit with us that would not otherwise be fully FDIC insured, we can, we can place your funds, through CDARS into certificates of deposit issued by other financial institutions in the CDARS Network. On July 21, 2010, the deposit insurance coverage for all deposit accounts was permanently raised to $250,000 per depositor, per insured depository institution for each account ownership category. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, was increased permanently to $250,000 per depositor in 2006. Our Lake of the Ozarks bank understands that this is a lot of information to take in. Call First Bank of the Lake today with any questions you may have about CDARS. Keep reading this week's blog for more information on this phenomenal product.


Introducing The Certificate of Deposit Account Registry Service® (CDARS)


FDIC Insurance. With CDARS, you can access multi-million dollar FDIC protection on CD investments.

One Bank. You work directly with us to secure large deposits.

One Rate. You earn one interest rate per maturity on CD investments placed through CDARS. With CDARS, there is no need to negotiate multiple rates or manually tally disbursements for each CD.
One Statement. You receive one regular statement detailing your CD investments. You no longer need to manually consolidate statements at the end of each month, quarter, or year.

No Hidden Fees. There are no hidden fees of any kind. You will not be charged annual fees, subscription fees or transaction fees for using the CDARS service. The rate you see is the rate you get.

No Ongoing Collateralization. Because CDARS deposits are eligible for FDIC protection, you may not need to collateralize your deposits. This eliminates the time-consuming task of tracking collateral values on an ongoing basis.

A Wide Variety of Maturities. You can select from various maturities - ranging from 4 weeks to 5 years (260 weeks) - and choose the terms that best suit your investment needs.

Community Involvement. Your funds can support local lending initiatives that strengthen the local community.



Do You Have Any Questions About CDARS?


If you have questions, please visit us at First Bank of the Lake or contact us for assistance. We are located at the entrance to the Osage Beach Premium Outlets. We can also be reached at (573) 348-2265. First Bank of the Lake - where we don't try to sell you a loan or service you don't need, and we make all of our decisions right here at home. Local banking can make a difference in this community.


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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 10, 2020

CardValet® - Your Cards On Your Terms

All of us here at our bank at the Lake of the Ozarks would like to introduce CardValet®. This product is an app that helps protect the cards in your wallet. Here at First Bank of the Lake, we believe in offering our customers what they need versus trying to sell them on a financial product they don't need. If you are worried about your credit cards or debit cards being stolen, this may be just the product you need! Keep reading for details on CardValet® in this week's blog. If you have any questions, please give us a call today at our bank in Osage Beach. We can be reached at (573) 348-2265.


CardValet® - Your Cards On Your Terms


Introducing CardValet® 

Your card, on your terms.
CardValet® allows you to turn your credit or debit card "on" or "off" anytime. When they’re “off”…no one can use your cards. Turn them “on” when you’re ready to use them:

  • Helps safeguard your cards from fraud
  • Lets you define areas where your card can be used
  • Limit purchase by the type of merchant 
  • Set limits on the dollar amount
  • Instantly change your settings, giving you complete control over your credit or debit card.



Interested in Having Your Cards Protected By CardValet®?


If the security of your debit cards and credit cards is a real concern for you, then CardValet® is something you should look into. This is likely a concern for a lot of people. No one wants to worry about their money being stolen and unfortunately, this happens way too often in the world. This product can actually help protect your cards from fraud and put your mind at ease! Learn more and give us a call today! First Bank of the Lake is a local bank and when you work with a local bank, you put your money to work growing the local economy. We share a common commitment to our community with our customers. Also, when you work with a local bank, loan approvals and other key decisions are made locally by people who live in the community, have face-to-face relationships with our customers, and who understands local needs. That's us! We have been a part of this community for over thirty years and it means everything to us. You can feel at home when you walk through our doors because we will treat you with the respect you deserve and offer you the best customer service possible.



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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 3, 2020

Winter FUN at the Lake of the Ozarks

Community is everything! First Bank of the Lake has been a part of this community for many years and we believe local banking helps this area grow financially. This bank at the Lake of the Ozarks is here to give you some information on a few of the fun events taking place in this community this winter, in this week's blog. For more information on the savings accounts at the Lake of the Ozarks that can work for you, visit our website at www.FirstBankLake.com.


Source: www.FunLake.com

The Lake of the Ozarks Wedding Expo
Jan 19, 2020
The Lodge of the Four Seasons – Granada Room
315 Four Seasons Drive
Lake Ozarks MO 65049
Phone: 573-216-1683
Email: gary@four2north.com
Website: https://www.getmarriedatthelake.com/wedding-expo/
Hours of Operation: 12 pm to 3 pm

This is a GREAT event for anyone who just got engaged! You can:

  • Meet potential vendors. 
  • Enjoy food tastings. 
  • Get inspired with the latest trends at the Fashion Show. 
  • Find great deals. 
  • Enter to win $1,000’s in door prizes.

Mardi-Gras Pub Crawl
Feb 08, 2020
Multiple Venues
Lake Area
Osage Beach Missouri 65049
Phone: 800-451-4117 or 573-964-1008
Email: pjones@lakeareachamber.com
Website: http://lakepubcrawl.com
Hours of Operation: 4:00PM - 2:00AM (Busses run until 2:30AM)
COST : $10 Wrist Band - Instead of charging a cover charge at each location buy your wrist band and get into every participating bar/restaurant.

The wrist band is required and includes:

  • Entry to 16 participating venues 
  • Unlimited entertainment. 
  • All locations will have band or DJ 
  • Bus transportation to all 16 locations. 
  • Pick up and drop off at participating Hotels/Motels. Wrist bands can be purchased the night of the event or before the event at all 16 participating Bars/Restaurants and specific Hotel/Motel sponsors. Sunshine Daydream on the Bagnell Dam strip will have wrist bands available, too! 

Pub Crawl Rules

  1. $10 event charge required. 
  2. No alcohol is permitted to enter or leave any event location. 
  3. Busses will make scheduled stops only. 
  4. Must be 21, possess a valid ID, and have a wristband to ride the busses.
  5. Must have wrist band to enter participating Pub Crawl stops. 
  6. Drink responsibly. 
  7. Service will be denied to intoxicated individuals.



KRMS/Lake 94 Renew your vows for Free
Feb 09, 2020
Bridal Cave/ Thunder Mountain Park
526 Bridal Cave Road
Camdenton MO 65020
Phone: 5733462676
Email: Steve@bridalcave.com
Website: https://www.Bridalcave.com
Hours of Operation: 9 am to 4 pm

For event details, please visit the website listed above.

Pairing Event at Stark Caverns
Feb 14, 2020
Stark Caverns
125 Cave Drive
Eldon MO 65026
Phone: 573-723-1547
Email: michelle@starkcaverns.com
Website: https://starkcaverns.com/valentines-day-pairing-event
Hours of Operation: 6 pm - 9:45 pm

  • Tickets are $50 per person and are available online until January 31st at www.StarkCaverns.com. 
  • Must be 21 years old to attend. 
  • Valid ID required.

For more event details, please visit the website listed above.

Local Banking Makes a Difference!


Our Lake of the Ozarks bank hopes you enjoyed reading about these fun, thriving events in our community. First Bank of the Lake truly believes that local banking can make a real difference in our community. When you work with a local bank, you put your money to work growing the local economy. If you want to be a part of that and open a checking account here, start your retirement planning, or even start to build your savings automatically, give us a call. You can also learn more about everything we offer on our website at www.FirstBankLake.com.



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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 27, 2019

3 Retirement Planning Tips for 2020

All of us here at our bank at the Lake of the Ozarks hope you had a very Merry Christmas and that you have a Happy New Year! The New Year will be starting soon and can inspire some people to make some positive financial changes. Perhaps you want to put more of an effort into your retirement savings actions in the new year? If that's the case, this is the blog for you! This Osage Beach bank in here to give you a few retirement planning tips for 2020 in this week's blog. If you have any questions on retirement planning or IRAs at the Lake of the Ozarks, please call First Bank of the Lake at (573) 348-2265.


1. The earlier you start saving the BETTER.

  • If you haven't already started saving for retirement, you should do so as soon as possible. 
  • Time can feel like it moves very quickly and the more time you give yourself to save for retirement, the more money you will likely have when you actually retire.

2. Ask your local bank about ALL retirement planning options.
Here at First Bank of the Lake, we offer Roth IRAs and Traditional IRAs.

Roth IRAs
You may contribute up to $5,500 ($6,500 if you're age 50 or older) as long as you and/or your spouse have sufficient taxable income, but there are income limits above which you can't contribute. You do not get a tax deduction when you contribute to a Roth IRA, but withdrawals can be taken out completely free from income taxes, as long as you don't withdraw from the earnings on the account before the age of 59-1/2. You can contribute at any age, and you are not required to take a minimum distribution from your own Roth IRA.

Traditional IRAs
You may contribute up to $5,500 ($6,500 if you're age 50 or older) as long as you and/or your spouse (if filing jointly) have sufficient taxable income. You may get a tax deduction when you contribute, but your money is eventually taxed as ordinary income when you take it out. If you take it out before it is allowed (age 59-1/2), you can also incur a penalty, in addition to the tax due. You can't contribute past age 70-1/2. At age 70-1/2 you have to start taking "required minimum distributions."

Other conditions may apply, so please consult your tax advisor.

3. If offered retirement planning options through your work, TAKE THEM!

  • It is always nice if your employer offers a work 401K and it's even nicer if they offer to match whatever you put into it, up to a certain percentage. 
  • We advise saying YES to this opportunity if it comes knocking. 
  • This can be a very convenient way of saving for retirement if it applies to you.



First Bank of the Lake hopes you found these retirement tips for 2020 enlightening and helpful. Positive New Year's resolutions can be uplifting and if you are hoping to make a change to your financial situation and start putting away for retirement in 2020, we wish you the best of luck in your efforts. We offer different types of IRAs here and we would be happy to help you choose the best one for your needs. Give us a call today 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 20, 2019

Financial New Year's Resolution Ideas for 2020

2020 is right around the corner! Have you thought about what you may do differently financially in the New Year? Perhaps you will pay off your debt or at least start a real plan to pay off your debt. Maybe you will meet a savings goal for an end of year vacation you've been dreaming about. Whatever your financial goal for the New Year may be, you should take a look at the savings products at our bank in Osage Beach. They can be very helpful in reaching savings goals in particular. Learn more and visit the First Bank of the Lake website at www.FirstBankLake.com. To reach our Lake of the Ozarks bank, call (573) 348-2265. In the meantime, keep reading for a few ideas for making financial New Year's resolutions.


Financial New Year's Resolution Ideas for 2020


To pay off student loans.
So many people are in debt due to student loans. Having that debt can really weigh you down and affect your credit negatively if you don't have a steady plan for paying it off. If you are struggling to at least pay the minimum payment each month, take a hard look at what you spend money on. Are you going to the coffee shop for your coffee each day? Are you shopping for new clothes when your old clothes are still fine to wear? Cut back on unnecessary spending in the new year so you put that money toward paying off student loan debt.

To pay off credit card debt.
It can be very easy to spend money when you using a credit card because you can get into the habit of feeling like that money is yours but it's not, it's the credit card company's, meaning you have to pay it back. The point here is to not "bite off more than you chew," so to speak. Don't use your credit card on something you can't afford to pay back, be responsible with your credit.

To save for a vacation.
Everyone deserves a vacation and it can be healthy for you to give yourself the time off, but few people can likely afford to take a vacation whenever they want. Take one at the end of the year and save up money each month so when it comes time to pay for your vacation, you aren't making such a costly decision. You are using money that you have saved for this particular reason.

Meet Your Financial New Year Resolutions with First Bank of the Lake!


Did you know you can build your savings automatically? Learn how and check out the Free Kasasa Saver® at First Bank of the Lake. Learn more and visit our website at www.FirstBankLake.com. If you have any questions, please do not hesitate to call our friendly staff today 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 13, 2019

New Year, New Business?

Is 2020 the year? Is it the year that you finally start the business of your dreams, be your own boss? Starting and managing a profitable business is not for the weak-minded. In addition to being passionate about what you are doing, you should be financially prepared. That's where our Lake of the Ozarks SBA loan officers come in. We can help you find the financial help you need to get your business up and running. For more information on that, please call our bank at the Lake of the Ozarks today at (573) 348-2265. In the meantime, keep reading for a few tips for starting a new business in 2020.


Be passionate about what you do 100% of the time.
If you are serious about becoming a business owner, it's important to you truly love what you do because you will likely be working more than you ever have before in order to get your own business up and running. That will be much harder to do if you are not passionate about what you are doing.

Thinking about starting your business on the side.
It can be a good idea to keep your day job when starting a new business. If the business fails, you have a steady income to live on still. If the business takes a long time to become profitable, which is highly likely for new businesses, then it can be a good idea to have your day job still.

Build a customer base.
Plain and simple, you need customers in order to be successful. So it's important to build a strong, loyal customer base as early on as possible. Be the company that your customers have to go to because they're so happy they won't even consider going to a competitor.

Check out the competition.
Be aware of your competition and do your research. You need to stay updated on your market and how your industry is performing. You need to know how your competitors are marketing their businesses, what services they're offering, and how their pricing compares to yours. Being informed is being smart.

Market your business in a strategic way.
At the end of the day, ask yourself, did I communicate with my customers the way they like to be communicated to or the way I like to communicate? For example, if your primary target market is affluent women, then you should be advertising on Pinterest because they are the known market using that social media platform.

The SBA Loan Officers at First Bank of the Lake Are Here For You!


At First Bank of the Lake, we don't try to sell you a loan or service you don't need, but if you're in need of a small business loan at the Lake of the Ozarks, give us a call. Our SBA loan officers say "You have to spend money, to make money." For more information on our small business loans, please give us a call today. We can be reached at (573) 348-2265.


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

Friday, December 6, 2019

December Events at the Lake of the Ozarks

First Bank of the Lake LOVES being a part of this community! Our Osage Beach bank is located in the heart of the Lake of the Ozarks. This community offers so much to our residents and visitors. It's amazing how these businesses can come together to orchestrate so many events this time of year with everything going on. This Lake of the Ozarks bank is here to give you some need-to-know information on some of the upcoming December events in this week's blog. First Bank of the Lake - Local Banking Makes a Difference.


Source: www.FunLake.com

Celebration Cruises Christmas On The Lake
Nov 22, 2019 - Dec 28, 2019
Celebration Cruises
Bagnell Dam Blvd.
Lake Ozark MO 65049
Phone: 573-480-3212
Website: http://www.cruiselakeoftheozarks.com
Facebook: https://www.facebook.com/CelebrationCruiseLOTO
Hours of Operation: Wed, Fri & Sat - Reservations Required

Reservations required. Please visit the website above for reservation information.

Christmas on Main Street
Nov 29, 2019 - Dec 22, 2019
Main Street Music Hall
5845 Osage Beach Parkway
Osage Beach Missouri 65065
Phone: 573-348-9500 or 800-348-9501
Website: http://www.lakemusichall.com/tickets.asp
Facebook: https://www.facebook.com/mainstreetmusichall/
Hours of Operation: Call for Show Times & Tickets

Event Details - For showtimes and tickets call 573-348-9500 or access the online ticketing system at http://www.lakemusichall.com/tickets.asp

Lake Area Community Orchestra at First Baptist Church
Dec 03, 2019
First Baptist Church
209 S. Aurora
Eldon MO 65026
Phone: 660-341-1234
Website: lakeareacommunityorchestra.org/
Facebook: https://www.facebook.com/Lake-Area-Community-Orchestra-117581758272169/
Hours of Operation: 7:30 pm

Event details - The Lake Area Community Orchestra performs its second concert of the Winter Season. Concerts are free and open to the public, but goodwill offerings are welcome. For more information, please go to www.lakeareacommunityorchestra.org.

Christmas for Kids
Dec 07, 2019
The Lodge of Four Seasons; Granada Room
315 Four Seasons Drive
Lake Ozark Missouri 65049
Phone: 580-402-1708
Email: angiebarns@suddenlink.net
Website: http://www.lakeareachristmasforkids.com
Hours of Operation: 5:30 PM - Cocktail Party; 6:30 PM - Dinner

This is a Benefit Sponsored by the Christmas for Kids Committee, Kiwanis Club of Ozark Coast and Lake Area Businesses.

Proceeds provide underprivileged children at Lake of the Ozarks and surrounding communities with two Christmas gifts per child plus a $15 gift certificate for the lake area resale shops for each child. Funds left over after providing Christmas for the children go to organizations we support throughout the year:

  • CADV
  • Children’s Learning Center
  • Hope House
  • Kids Harbor
  • Lake Area Big Brothers/Big Sisters
  • Lake Area Helping Hands
  • Lake Regional Pediatrics
  • LOFD Car Seat Program
  • LOSA 
  • Ronald McDonald House (Columbia, MO)
  • School of the Osage Cares for Kids
  • Scholarships for Kids
  • Share the Harvest Food Pantry
  • Tri-County YMCA 
  • Wonderland Camp 

...and many more.

  • One of the best silent and live auctions at the Lake will be returning.
  • Djay Johnny Marsi with Elite Lighting & Sound will be there to entertain you until midnight.
  • In following the Christmas for Kids tradition, each person is asked to bring a new, unwrapped toy with a value of $20, or a $20 cash donation upon entry.
  • If purchasing a table of 10 is not an option for you, we will offer single tickets to be purchased in advance for $70 per person. This includes entrance into the event at 5:30pm, sit down dinner, auction item purchase opportunities, and evening entertainment.


RSVP your table today!

PLEASE NOTE: Must be 21 to enter.

For Reservations, Sponsorships, or More Information contact: Angie Barns at angiebarns@suddenlink.net.

Camdenton Christmas on the Square
Dec 07, 2019
Camdenton Square
Camdenton MO 65020
Phone: 573-346-2227
Website: http://www.camdentonchamber.com
Hours of Operation: 8:30 am – 1:30 pm

Activities will begin with the Running of Elves 5K at 8:30 AM. At 10:00 AM, festivities will kick-off with:

  • Games
  • Ornament making
  • Chocolate snowmen 
  • Prize drawings
  • Craft tables
  • Music
  • Cookie decorating 
  • Petting zoo
  • Hot dogs
  • Hot chocolate
  • Cookies

...and more!

For more information, please see the website listed above.

A Christmas Story - Sunrise Beach Little Theatre
Dec 12, 2019 - Dec 13, 2019
Sunrise Beach Little Theatre
15133 North Hwy 5
Sunrise Beach MO 65079
Phone: 573-374-0374
Email: veejay-1@charter.net
Hours of Operation: 7 pm

  • The Sunrise Beach Little Theatre will be presenting a production of "A Christmas Story" by Phillip Grecian and directed by Beth Buffe on Thursday and Friday evenings December 12 and 13. 
  • The play based on the motion picture “A Christmas Story” distributed by Warner Brothers. Based on a memoir about growing up in the Midwest in the 1940s, follows 9-year-old Ralphie in his quest to get a genuine Red Ryder BB gun. Ralphie pleads his case before his mother, his teacher and even Santa Claus himself. The consistent response: “You’ll shoot your eye out!” 
  • This classic play will be presented at the Sunrise Beach Community Center (15133 North Hwy 5) in Sunrise Beach. 
  • Doors open at 6:00 p.m. with play beginning at 7:00 p.m. Admission to this production will be $10 for adults and $5 for 12 and under. Reservations are not required. For more information call 573-374-0374.



All of us here at our Lake of the Ozarks bank hope you enjoyed reading about these community events! We really do love this community, it's a one of a kind place and there's no other place quite like it. To help make this community thrive you should buy locally and bank locally! To learn all about our services, such as online banking, mobile banking, business checking accounts, installment loans, and more, please visit our website at www.FirstBankLake.com. If you have any questions about what you see on our website, please visit give our friendly staff a call today at (573) 348-2265.


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