Wednesday, August 21, 2019

Fantastic Factors About Mobile Banking

If you are extremely busy on a day to day basis and can barely find the time to treat yourself to lunch, let alone make a trip to the bank, this is the blog for you! Our bank at the Lake of the Ozarks is here to give you a few fantastic factors about mobile banking and information on how this great tool can make your life so much easier! If you haven't already checked this out, you should take just a few minutes to either go to the First Bank of the Lake website, www.FirstBankLake.com or give us a call at 573-348-2265 and learn more about mobile banking at the Lake of the Ozarks.


Fantastic Factors About Mobile Banking


Deposit your checks by simply taking a photo.
Perhaps, your company doesn't do direct deposit or you're a landlord that gets paid rent in checks every month. It is completely understandable that sometimes you just don't have time to drive to the bank. There is only so much time in the day. Mobile banking makes simply depositing checks 100 times easier. Save your gas and time and look into this feature.

Check your balance by easily pulling out your smartphone.
Maybe you have a large bill that is being paid online every month automatically and you know the due date is coming up but you're not sure whether you have the funds in your account to cover it. You may not always be in a place where you can call the bank to check your balance. Whether you are at work and there are no phone calls allowed or you're simply waiting in a doctor's office and would feel awkward making a phone call around strangers as you wait - mobile banking allows you to check your balance without making a phone call.

Build your savings easier.
You may have a savings goal each month, whether you want to put back 20% of your paycheck into savings or more, mobile banking allows you to transfer money from your checking to your savings within seconds. This convenience can be done at your fingertips and there is no need to waste time driving into the bank or making a phone call.


Need More Information on Mobile Banking at First Bank of the Lake?


Please give our bank in Osage Beach a call at 573-348-2265 today. Our friendly staff would be happy to walk you through the ins and outs of our Mobile Banking App and help get you signed up for it if you so choose. Get your questions about Mobile Banking answered today and call First Bank of the Lake now.


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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

Wednesday, August 14, 2019

Applying for an SBA Loan

Applying for an SBA Loan at the Lake of the Ozarks may seem intimidating, especially for a first time business owner but it really doesn't have to be. The right Lake of the Ozarks loan officer will make you feel at ease and communicate with you clearly throughout the entire process. With that in mind, First Bank of the Lake is here to give you a few tips for applying for an SBA Loan in Missouri. If you have any questions about the small business loans at First Bank of the Lake, please call (573) 348-2265.


Tips for Applying for an SBA Loan

Tip #1: Be prepared to explain "why" you need the loan.
Most likely your SBA loan officer is going to need to know why you need the loan in the first place, as in "what's your business?" Be prepared to answer this question in the most professional way possible. Have a business plan put together and be able to answer questions they may have about your business. Remember, this organization is lending you money, likely, a good sum of money, so it shouldn't come as a surprise to you that they want to know why you need it and that it's for a reasonable purpose.

Tip #2: Fill out the application completely and honestly.
Don't leave anything blank on your application unless your SBA loan officer asks you too. Be honest with your answers. Dishonesty may be cause for your application to be terminated immediately and for the loan officer to give other banks a heads up about you being dishonest in the first place.

Tip #3: Research lenders and banks and get opinions from others.
You likely either know someone or know someone who knows someone who owns a business has applied for an SBA loan before. Ask around and get their opinions on lenders. You can also look online for reviews and gather information on prospective lenders, so you have a good idea of the lenders available so you can make an educated decision on who you go to. Here is our SBA lending staff:
Doug Clark, SVP/SBA Loan Officer
Allen Holtmeyer, SVP/SBA Loan Officer
Erin Robinson, VP/SBA Loan Specialist
Matt Gredell, VP/ SBA Loan Officer


Tip #4: Get your documents in order and organized for the application process.
You may need certain documents when applying for an SBA loan, such as:
  • Copies of your tax returns (personal)
  • A list of debt your business may currently have
  • Copies of contracts with vendors
  • Collateral, may include your house, car, equipment, etc.
The best thing to do is to ask your SBA loan officer what documents exactly they will need so you are prepared for your appointment.

Again, applying for an SBA loan may seem intimidating, especially if it's your first time doing it, but here at First Bank of the Lake, you don't have to worry about feeling that way. We offer the best customer service and we will greet you with a smile. We will communicate with you clearly throughout the whole process and make sure you are prepared and not caught off guard by anything. For more information on our SBA loans, please visit www.FirstBankLake.com and select the SBA Loans tab.

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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

Wednesday, August 7, 2019

Awesome August Events at the Lake of the Ozarks

This Lake of the Ozarks bank feels thankful to be a part of this community! In light of that, our Osage Beach bank is here to give you important information on a few AWESOME events happening this month. Community means everything to us. For more information on this community bank, visit the First Bank of the Lake website, www.FirstBankLake.com.


Source: www.FunLake.com

Wishing Upon A Ride Powerboat Rides
Aug 18, 2019 - Aug 22, 2019
Redhead Yacht Club & Captain Ron’s
82 Aloha Ln
Sunrise Beach MO 65079
Email: mtmaasen@gmail.com
Website: https://lakeoftheozarksshootout.org/events/wish-upon-a-ride-powerboat-rides/
Hours of Operation: 12:00 pm – 4:00 pm Both Days

The Great Shootout Treasure Hunt
Aug 19, 2019
Captain Ron's
82 Aloha Lane
Sunrise Beach Missouri 65079
Phone: 217-779-2768
Website: https://lakeoftheozarksshootout.org/events/treasure-hunt/
Hours of Operation: 5:00 pm – 9:30 pm

Shootout Hall of Fame Dinner & Induction
Aug 20, 2019
The Stables at Cannon Smoked Saloon
23 Spring Cove Rd
Sunrise Beach MO 65079
Phone: 217-779-2768
Website: https://lakeoftheozarksshootout.org/events/shootout-hall-of-fame-dinner-and-induction/

FLOAT YOUR BOAT Food Bank Fundraiser
Aug 20, 2019
Captain Ron's Bar & Grill
82 Aloha Lane
Sunrise Beach MO 65079
Phone: 573-317-4440
Email: jjones@oldkinderhook.com
Facebook: https://www.facebook.com/events/489047885167666/
Hours of Operation: 1:00 pm

Shootout On The Strip Street Party
Aug 21, 2019
Bagnell Dam Strip
Bagnell Dam Blvd.
Lake Ozark Missouri 65049
Website: https://lakeoftheozarksshootout.org/events/shootout-on-the-strip/
Hours of Operation: 5:00 pm to 10:00 pm

Custard with a Cop
Aug 21, 2019
Randy's Frozen Custard
4681 Osage Beach Parkway
Osage Beach MO 65065
Phone: 573-302-2010 ext. 1110
Email: dmorley@osagebeach.org
Website: https://osagebeach-mo.gov/
Hours of Operation: 7:00 pm – 8:00 pm

Harmy's Humpday Bags & Brew
Aug 21, 2019
Harmy's Cheese Store & More, LLC
6378 Osage Beach Parkway
Osage Beach MO 65065
Phone: 573-693-1243
Email: sharon@harmisonsfundraising.com
Website: http://www.harmys.com/
Facebook: https://www.facebook.com/HarmysCheeseStore
Hours of Operation: 5:45 pm – 9:00 pm
See the website for details.

LOSHTC August Informational Meeting
Aug 22, 2019
Central Bank
101 Dogwood Lane
Laurie MO 65038
Phone: 573-480-5863
Website: https://www.stoptraffickinglakeozarks.org
Hours of Operation: 6:30 pm – 8:00 pm
At this meeting, Speaker Russ Tuttle from the Stop Trafficking Project will talk about "Social Media and Children."

Troprockin' Ozarks Fest
Aug 22, 2019 - Aug 25, 2019
Margaritaville Lake Resort
494 Tan-Tar-A Drive
Osage Beach MO 65065
Phone: 309-275-2160
Email: bearsfan_71@yahoo.com
Website: http://www.troprockinozarksfest.myevent.com
Facebook: https://www.facebook.com/troprockinozarksfest/
Hours of Operation: 1:00 pm – 1:00 am Each Day
See the website for details.

Shootout Poker Run Meet & Greet/Silent Auction by Poly Lift & Lake Expo
Aug 22, 2019
Performance Boat Center
1650 Yacht Club Dr
Osage Beach MO 65065
Phone: 573-873-2300
Website: https://lakeoftheozarksshootout.com/events/silent-auction/
Hours of Operation: 4:00 pm – 9:00 pm
See the website for details.



We hope you enjoyed learning more about these community events at the Lake of the Ozarks. We believe in supporting your neighbors and this bank is your neighbor. First Bank of the Lake is a local bank that believes when you work with a local bank, you put your money to work growing the local economy. To learn more about growing your local economy with us, visit 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

Tuesday, July 30, 2019

Get to Know Our Team – Doug Clark

Our Lake of the Ozarks bank is so excited to keep continuing our Get to Know Our Team monthly blog series each month. We know how important it is for our customers to trust the bank they are banking with and how better to do that than by actually getting to know the people working here? Our bank in Osage Beach is filled with many kind and courteous employees. Keep reading to get to know our own Doug Clark.


1. How did you get started in the banking industry? 
After graduating from the University of Illinois, I returned to St. Louis and entered a Management/Credit training program with Mark Twain Bank.

2. What is your position at the bank? What are some of your key responsibilities? 
I am currently a to Senior Vice President with First Bank of the Lake. Main responsibilities with the Bank are; Underwriting of Government Guaranteed Loans, and Portfolio Management of a portion of the Bank’s portfolio of SBA Loans.

3. What brought you to the Lake of the Ozarks? 
I work for the Bank at their Loan Production office in Clayton (St. Louis), MO

4. Where did you attend school?
University of Illinois (Champaign-Urbana) College of Business. B.S. Degree in Finance

5. What do you enjoy the most about your job?  
I enjoy directly working with the small business owners and learning about their businesses. I also get satisfaction by providing the financing that is needed to allow their businesses to expand and remain competitive within their specific industries

6. How do you enjoy spending your time when not at work? 
Enjoy the Outdoors. Hiking, Golf, Travel

7. When you were young, what did you want to be when you grew up?  
Professional Baseball Player… certainly not a Commercial Banker

8. What is your dream vacation destination? Why? 
Extended Cruise of the Mediterranean… Spain, France, Monte Carlo, Italy, and Greece. Experience the beauty of these countries from the perspective of the water.

9. What is something few people know about you? 
I am an Eagle Scout, and I have three sons who are all Eagle Scouts, also.
Another is that I used to play the Banjo while in Junior High School.

10. If you won the lottery, what would you do? 
Pay of all of my debt, as well as the debts of my immediately Family. Buy a home on a golf course in San Diego (Winter), and also a home in Northern Michigan/Maine (Summer)… and Travel, Travel, Travel!


Stay tuned next month when we introduce you to the next team member. We hope you enjoyed getting to know our own Doug Clark a little more. To learn more about First Bank of the Lake itself and how we can help you with your banking needs, check out our website at www.FirstBankLake.com or stop by, we are located at the entrance at the Osage Beach Premium Outlets.


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, July 24, 2019

3 Reasons Why You Should Have a Separate Checking Account for Your Business

Congratulations! You have just opened up your new business and you are ready to make some money and get the ball rolling. One of the most important things when running a successful business is to have a bank at the Lake of the Ozarks you can trust with your money. A Lake of the Ozarks bank that prides itself on offering the best customer service possible can always be an important asset to have as a business owner. You should know that First Bank of the Lake is here to help you as a business owner. Keep reading for a few reasons why you should have a separate checking account for your business.


3 Reasons Why You Should Have a Separate Checking Account for Your Business


To help track the profits your new business makes a little easier.
Your company's success will depend on its ability to make money even after all expenses and salaries have been paid - including yours. Keeping your accounts separate to enable you to distinguish between your profitability and the company's.

To make doing your business taxes a little easier on yourself.
At tax time, you have to be able to show a clear record of all your incomes and deductions. If your personal and your business accounts are mixed together, it becomes very easy to miss things.

To come off as a professional company.
Business checking accounts are so common nowadays that using a personal account for your business transactions can cause some raised eyebrows. If you don't have a business account established, will your clients trust that you are a reputable company?


Business Banking Products That First Bank of the Lake Offers


Business Checking

  • Requires $500 to open an account, includes a monthly statement, free direct deposit and debit card.
  • Minimum balance to avoid the imposition of fees
  • If balance falls below $2,500 on any day in the statement cycle, a maintenance fee of $12.50 will be imposed once during the cycle.
  • If a customer or the bank closes an account within 180 days after the opening of the account the customer will be charged a $30 closing fee.

First Free Business Checking

  • $100 minimum beginning balance
  • No Minimum Balance
  • 150 free transactions per month
  • Electronic Statements ONLY
  • The account does not draw interest

Please note: over 150 transactions per month will result in a charge of $.50 per transaction

Business Savings
Traditional savings plan for businesses who need a safe way to protect their capital while earning interest. This account includes a monthly statement and free direct deposit. Requires $500 to open an account.

  • If you close your account before interest is credited, you will not receive the accrued interest.
  • If balance falls below $200 on any day in the statement cycle, a maintenance fee of $2 will be imposed once during the cycle.
  • An excess withdrawal charge fee of $1 will be charged for each debit in excess of six per statement cycle.

Have questions about any one of these banking products for your business? Call the friendly staff at First Bank of the Lake today. We'd be happy to help you. Just call (573) 348-2265 or stop by and see us, the next time you go shopping at the Osage Beach Premium Outlets.


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

Tuesday, July 16, 2019

Examples of Real-Life Situations Where Mobile Banking Can Come in Handy

Life can be hectic at times, we think we can all agree on that. Your banking, however, shouldn't be. Our Lake of the Ozarks bank is here to give you a few real-life situations where mobile banking can come in handy. If you are interested in having a fantastic mobile banking app at the Lake of the Ozarks at your fingertips, contact First Bank of the Lake today. Give us a call at (573) 348-2265.

Examples of Real Life Situations Where Mobile Banking Can Come in Handy


Running late for work because you had to run by the bank first.
There is nothing worse than the feeling you get when you are running late. It can throw off your whole morning. Running late for work because you had to run by the bank first does not have to be a thing. Technology has really come a long way. Whether you have to deposit a check, transfer money from savings to checking or vice versa, check your balance, etc. - Mobile Banking can really come in handy here.

Scrambling to have enough money transferred into your account before your rent is due on a day the bank is closed.
Have you ever been in this situation? You forgot to go to the bank and your rent is due on Sunday. The bank is closed and you don't have enough money in your checking account to pay them but you know you have enough in your savings. If only you could transfer money from your savings to checking and pay your rent on time. You can - with Mobile Banking at First Bank of the Lake. Whether you are paying your rent with a debit card or through a check, feel secure knowing you have the money in your account to cover it through the power of Mobile Banking.

Being on vacation and realizing you forgot to run by the bank for the money you will need while away.
Picture this: you are away on vacation at the best theme park you have ever been to with your family. Your little girl is desperate for you to buy her this awesome souvenir and you suddenly realize that you don't have enough money in your checking to pay for it because you forgot to go to the bank before you left for vacation. Mobile Banking allows you to transfer money within seconds right at your fingertips. Get Mobile Banking at First Bank of the Lake and your problem is solved.


All of here at our experienced bank in Osage Beach hope you found this blog enlightening. We really think mobile banking can make your life easier. For more information on this powerful banking tool, call First Bank of the Lake today at (573) 348-2265 or stop in and see us. We are located near the entrance of the Osage Beach Premium Outlets.

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

Tuesday, July 9, 2019

Fun July Events at the Lake of the Ozarks

The Lake of the Ozarks is filled with FUN events all year round! That being said, our Lake of the Ozarks bank is here to tell you about some of the FANTASTIC events that are just happening in July alone. We LOVE this community and being a bank in Osage Beach that provides banking products that can make the lives of the people that live in this community easier. Let's take a look at the details behind some of the BIGGEST events that will be happening this month at the Lake. Need a new bank at the Lake of the Ozarks to handle your money for you? Check out First Bank of the Lake. We make all of our banking decisions right here at home, using judgment and compassion when evaluating customer requests. Learn more at www.FirstBankLake.com.


Source: www.FunLake.com

Five Finger Death Punch, Live in Concert
Jul 16, 2019
Ozarks Amphitheater
2629 N Business Route 5
Camdenton MO 65020
Website: http://ozarksamphitheater.com/
Hours of Operation: Doors 6:30pm; Show 7:30pm

Please note: The first 5 rows (Sections 101-105, Rows A-E) are Reserved + and also include Pit access - Reserve Seated Event.

Aquapalooza 2019
Jul 20, 2019
Dog Days Bar & Grill
1232 Jeffries Rd.
Osage Beach MO 65065
Phone: 573-348-1958
Website: http://www.funlake.com/aquapalooza
Hours of Operation: 12:00 pm – 5:00 pm

  • ALL BOATERS are invited to join the Lake of the Ozarks Marine Dealers for a great day on the water. 
  • Live music and activities will be provided.

The 2019 Musical Artist Line-Up:

  • Dirt Road Addiction
  • Machine Gun Symphony
  • Chris Weaver Band
  • Super Jam

Please note: Aquapalooza is a Benne Media Production.

Fireworks Display & BBQ Buffet at Seven Springs
Jul 20, 2019
Seven Springs Winery
846 Winery Hills Estates
Linn Creek Missouri 65052
Phone: 573-317-0100
Email: info@sevenspringswinery.com
Website: https://bookeo.com/seven_springs_winery?type=41567NHWFFE16AB352102F
Hours of Operation: 5:00 pm 10:00 pm

Pricing for viewing the Fireworks Display 
Upper Terrace:

  • Under covering; $25 per person 
  • No covering; $30 per person 
  • Pods – Seats 12 people: $250 per pod – includes 2 FREE bottles of wine of your choice, along with FREE buffet! 
  • Lower Patio – $20 per person 

Fireworks scheduled to begin at 9-9:30 pm 
The BBQ Buffet is only $15 per person, and will include: Slow smoked pulled pork, shredded chicken, country-style baked beans, coleslaw, and potato salad, with a chocolate chip cookie! The buffet will begin at 6 pm.

LIVE MUSIC
Former lead singer of Head East, Tom Bryant will rock the patio from 5 pm - 9 pm!


Our bank in Osage Beach hopes you enjoyed learning more about these events happening at the Lake of the Ozarks. This really is a wonderful community and there is always something going on to keep you entertained. Again, if you are in the market to switch banks and need better customer service from your bank, check out First Bank of the Lake. Learn more and visit 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