Friday, September 25, 2020

Local Fall Events at the Lake of the Ozarks

Fall has officially started! Who is excited? This community is so great to be a part of, especially around holidays and special seasons like this. Our bank at the Lake of the Ozarks enjoys getting involved whenever we can and we are pleased to be a part of a community that provides such fun events to our residents and visitor to enjoy each year. Keep reading this week's blog to learn about some of the local fall events at the Lake of the Ozarks. First Bank of the Lake is YOUR community bank!



Source: www.FunLake.com

Fall Big Bass Bash

Oct 03, 2020 - Oct 04, 2020

Lake Wide

Lake Ozark MO 65049

Phone: 314-703-8462

Email: info@midwestfishtournaments.com

Website: http://www.bigbassbash.com

Facebook: https://www.facebook.com/anglersinaction

Event Details:

The is a bass tournament designed for amateurs only, the Big Bass Bash format is distinctive in that it only takes one fisherman just one big bass to win.

Please Note: Anglers can launch from anywhere on Lake of the Ozarks. The Big Bass Bash will have four weigh-in stations to accommodate the anglers: PB2 (Grand Glaize State Park), Red Oak Resort, Alhonna Resort, & Point Randall Resort.


Fall Native Plant Sale

Oct 07, 2020

TBD

Gravois Mills MO 65037

Phone: 573-372-5168

Email: adminasst@Lowatershed.org

Website: http://www.lowatershed.org/

Event Details:

  • These are hardy native Missouri perennials. 
  • Native plants have strong root systems and are bred to thrive in local landscapes. 
  • Native plants help decrease stormwater runoff which is the number one polluter of inland waterways. 
Please note: Pre-order your plants via our website.

Halloween 9 Hole Golf Tournament

Oct 11, 2020

Margaritaville Resort-The Oaks Golf Course

1524 State Highway KK

Osage Beach MO 65065

Phone: 314.401.5518

Email: jjones@oldkinderhook.com

Website: http://www.feedinglakeoftheozarks.org/

Hours of Operation: 1:00 pm Shotgun Start

Pricing: $60/player or $240/team

Event Details: Please see the website listed above for event details.


Fall Festival at Stark Caverns

Oct 17, 2020

Stark Caverns

125 Cave Drive

Eldon MO 65026

Phone: 5733693306

Email: michelle@starkcaverns.com

Website: https://www.starkcaverns.com/fall-festival

Hours of Operation: 10 am - 5 pm

Event Details: This event at Stark Caverns is a fun day for the whole family! 

  • Book a cave tour
  • Shop the amazing vendor booths featuring local and regional artisans
  • Try your hand at sluice mining or geode cracking
  • Enjoy delicious food in a beautiful outdoor setting
Please note: Social distancing will be encouraged, and masks are welcome.



Happy Fall From First Bank of the Lake!

All of us here at First Bank of the Lake hope that you enjoy this wonderful season. Remember, going to local events and supporting the businesses involved is supporting YOUR community. When you work with a local bank, you put your money to work growing the local economy. First Bank of the Lake has been a part of the Lake of the Ozarks community for over 30 years. Learn more about what can offer you to make managing your money easier and visit our website at www.FirstBankLake.com.




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, September 18, 2020

First Bank of the Lake Introduces Debit Card Fraud Alerts!

You never can be TOO SAFE these days when it comes to protecting your money. Our bank at the Lake of the Ozarks understands that FULLY. That is why First Bank of the Lake is here to talk to you about our Debit Card Fraud Alerts in this week's blog. If you have any questions, please give us a call today. We can be reached at (573) 348-2265. 


Introducing Debit Card Fraud Alerts!  

Your security is very important to us. Debit Card Fraud Alerts provide 24/7 monitoring of your debit card transactions. These alerts help identify and stop unauthorized use of your First Bank of the Lake Debit Card. Now if a fraudulent transaction is suspected, you’ll be notified immediately by our Fraud Center via text, email and/or a phone call. 

Recognizing fraud isn’t easy, but with our fraud alerts, we help protect your debit card by detecting suspicious activity in real time. Debit card fraud is challenging because your funds are withdrawn directly from your checking account. While First Bank of the Lake continues to stay on top of keeping your accounts secure, we can now use alert messages to keep your card safer. When our system identifies suspicious activity on your card, you will receive a text message that includes details about the suspect transaction. All you need to do is reply YES if you made the purchase, or NO if you did not. It’s that simple!

Here's How it Works

When potential fraud is detected, you’ll receive an automated SMS Text Message from: FirstBank Fraud Ctr. 8772538962

Example:  FreeMsg: FirstBank Fraud Ctr. 8772538962: Did you attempt $125.46 on card 1234 at Macy’s.  If valid reply YES, fraud NO. To opt out, STOP.

Reply NO immediately if you did not attempt the transaction! Your card will be closed and someone from our Fraud Center will contact you. You may call us during regular business hours at 573.348.2265 to have a new card issued.

If you reply YES, your transaction will be processed and your card will be charged.  

In addition to the text message, you’ll also receive an email that contains the transaction information that needs to be verified. You may also respond to the request this way. If there is no response received to the text or email, you’ll begin receiving automated phone calls to confirm or deny the potential fraud. Our Fraud Center will continue to try to reach you until the potential fraud has been confirmed or denied. In some cases, your card may be blocked until a response is received. 

Please Note: Our messages will never ask you for your Account Number or PIN. Never provide this information via phone, text or email. 


Stay Connected With First Bank of the Lake!

Now is a great time to make sure we have your current phone number and email information on file so we can reach you quickly in case of fraud. Please visit us or call us at 573.348.2265 and we’ll be happy to update your contact information. You can also stay up to date on our latest announcements by following us on our social media channels listed below.




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, September 11, 2020

The Benefits of Moving All Your Business Accounts To First Bank of the Lake

If you are a business owner in today's economy, it's important that you have a bank at the Lake of the Ozarks you can count on for ALL your needs. First Bank of the Lake enjoys helping businesses thrive, especially this year. From offering effective business accounts to business mobile banking and more, we are here for you! Keep reading this week's blog to learn all about the benefits of moving your business accounts to First Bank of the Lake.

Kind customer service, quick responses, many products that work for everyone - these are just a few of the many benefits you get to enjoy when you become a customer of First Bank of the Lake.

See below to learn more about business checking and savings accounts we offer.



Business Checking


We can help your business grow!

Your First Source For Business Products & Services

First FREE Business Checking

This FREE account is perfect for most businesses!
  • No Minimum Balance
  • 150 FREE monthly transactions items*
  • (Only $.50 per transaction over 150)
  • No monthly service charge on Active Accounts
  • $100 Minimum Opening Deposit
  • FREE Online Banking
  • FREE Bill Pay
  • FREE Business Mobile Banking
  • FREE Mobile Deposit
  • FREE eStatements (required)
  • FREE Business Debit Card
A great account for businesses that need more. Our most comprehensive business solution for businesses with high transaction activity and higher daily balances.
  • No Minimum Balance
  • No Minimum Opening Deposit
  • Only $30 monthly service charge**
  • Earnings credit allowance† on deposit balances may offset activity fees.
  • Low Per Item Transaction Fees
  • Deposits & Other Credits 40¢ each
  • Checks & Other Debits 40¢ each
  • Deposited Item 8¢ each
  • FREE Remote Deposit***
  • FREE Online Banking
  • FREE Bill Pay
  • FREE Business Mobile Banking
  • FREE Mobile Deposit
  • FREE eStatements
  • FREE Business Debit Cards (for all authorized signors)
  • Business Line of Credit with Sweeps (with approved credit)
  • Up to 2 additional FREE Business Checking Accounts
  • Great for Payroll & Petty Cash Accounts
  • FREE Kasasa® Cash Checking or FREE Kasasa® Cash Back Checking accounts for you and your employees! (conditions may apply)
Your first source for business products & services. We can help your business grow!

Your cell phone provider may charge additional fees for web access or text messages for Business Mobile Banking. Other fees such as NSF, overdraft, dormant fee on inactive accounts, etc. may apply. See bank for details.

* Transaction items include all debits and credits (deposits, withdrawals & deposited items). Only 50¢ for every transaction item over 150.

**The monthly service charge and certain transaction fees may be partially or fully offset by an earnings credit.

***There may an additional charge for the Remote Deposit check scanner.

The earnings credit is based on the 91-day Treasury Rate index. Credit is computed using the monthly average collected balance maintained in the Business Checking account. See bank for current rates, rates subject to change.

To Assist in Opening Your New Account, we may request the following:

Sole Proprietor\
  • SSN or TIN of Owner
Limited Liability Company (LLC)
  • TIN of LLC
  • Articles of Organization
  • Operating Agreement

Partnership
  • TIN of Partnership
  • Partnership Agreement
  • Certificate of Partnership

Corporation
  • TIN of Corporation and one of the following:
  • Articles of Incorporation
  • Certificate of Incorporation
  • Operating Agreement
  • Annual Report

Not-For-Profit Organization
  • TIN of Organization
  • If incorporated, follow corporation guidelines
  • If tax-exempt, IRS documentation or tax return
  •  If not tax exempt, authorization letter

Organizations & Associates

  • TIN of Business

Fictitious Business Name Statement may also be requested.

  • Additional documentation may be required for individuals who have ownership of 25% or more of the business and an individual with significant responsibility to control, manage or direct the business.

We’re ready to help your business succeed!


Business Savings & Money Market Accounts


Make the most of your excess cash flow.

Start saving toward your business goals. Earn competitive rates while enjoying the flexibility to access your money when you need it. Get more value and earnings for your business savings, start today.

Business Savings Account

Earn a competitive rate to grow your company’s funds quickly and securely!
  • $500 Minimum Opening Deposit
  • Competitive interest rate
  • Interest compounded quarterly
  • Only $200 minimum balance to avoid a monthly fee of $2
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $1 charge for each transfer or withdrawal over 6
  • FREE Online Banking
  • FREE Business Mobile Banking
  • FREE eStatements

Business Money Market Account


Maximize your earning potential – Earn higher rates on higher balances!
  • $500 Minimum Opening Deposit
  • Competitive interest rate for balances below $24,999.99
  • Higher interest rates with balances of $25,000 or more
  • Interest compounded quarterly
  • Only 1,000 minimum balance to avoid a monthly fee of $10
  • Up to 6 preauthorized transfers allowed per statement cycle
  • $10 charge for each transfer or withdrawal over 6
  • FREE Online Banking
  • FREE Business Mobile Banking
  • FREE eStatements

Competitive rates and personalized service make First Bank of the Lake the ideal business banking partner. Let’s save up. Starting today.

We can help your savings grow while you’re busy growing your business.

Talk to one of our Business Banking experts today!


Business Mobile Banking


Powerful financial management for your business accounts.

Business doesn't stop just because you're away from the office, and some of those important financial decisions can't just wait until you get back. That's why Business Mobile Banking can be such a crucial tool for you and your company.

Business Mobile Banking puts the power of financial management and supervision right into your hands...wherever you are, whenever you choose.

With the First Bank of the Lake Business Mobile Banking app, you get:

“Must-Have” Mobile Banking Features

Mobile Deposit

Deposit checks with your mobile device. Simply take a photo of your check and securely submit your deposit for processing. It's fast, free, and at your fingertips.

Payment & Transfers

Enjoy convenient access to Bill Pay and Transfers functionality. Whether it is a recurring payment or a one-time payment, we make paying your bills hassle free. Schedule payments to companies and people, or securely move money between your accounts.

Ease of Use

Check balances & transactions

Give yourself the confidence that comes from knowing exactly where your finances stand by getting a look at all your accounts. View real-time balances, transaction history, and recent and pending transactions.

Instant Balance

Enable Instant Balance to securely preview your balance without logging in.

Safety & Security

Approvals

Approvals are at the heart of our Business Banking App and are essential tool that helps protect your business against fraud. Approvals that have been set-up within our desktop site carry over to your mobile device. Authorized users have the ability to approve payments and ACH transactions, wherever they are and whenever it’s convenient. Approvals offer control over large transfers of money, help identify suspicious activity, and can stop fraudulent transactions before they ever happen. If you have transactions waiting for your approval and have activated your push alerts, you'll even see an alert right on your home screen.

Secure Login

Logging in from your mobile device is simple and very secure. In fact, our mobile login uses the same multi-layer security that’s used as if you’re logging in from your desktop computer. We confirm your credentials along with the device you are using. You can also securely sign in with Touch ID® and Fingerprint Authentication.

Bank 24/7… anytime, anywhere!

Search for FBOL Business mobile app in the Apple Store or Google Play.


Calling All Business Owners: First Bank of the Lake is Here For You!

When you bank with First Bank of the Lake you will enjoy our kind customer service and quick responses! You should get more out of your bank if you're not currently satisfied, so if you're a business owner looking for new banks to partner with, give us a call today. We'd be happy to answer any questions you may have. We can be reached at the phone number listed below. You can also stay up to date on what we're doing by following us on our social media channels listed below.




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, September 4, 2020

Budget-Friendly Savings Tips for Your First Mortgage

It's 2020 and some of you may have decided to buy your first house. If so, this is the blog for you! Our mortgage loan officers at the Lake of the Ozarks are here to give you a few budget-friendly savings tips for your first mortgage in this week's blog. If you are interested in hearing more about our mortgage options, please give us a call at First Bank of the Lake. We can be reached at (573) 348-2265. We put YOU first! Buying your first home may seem intimidating at times because this is a new process that you've never experienced before. Our Lake of the Ozarks bank wants to make this process as easy as possible for you. Our friendly staff would love to hear from you!


Budget-Friendly Savings Tips for Your First Mortgage


Stick to your plan for getting to your down payment.
Having a substantial down payment when buying your first home can be so helpful when it comes to keeping your payments affordable. It also can make your look very good to your mortgage lender. It can show them that you are a serious buyer with the substantial means of paying back a mortgage on time and fully.

Consider getting a second job part-time.
When you're buying your first home, it's important that you have enough money saved up beforehand. You should not only have a substantial down payment saved, but you should also have an emergency fund saved. This is money separate from your down payment and your regular payments. This money would be there for emegencies such as:
  • HVAC Repairs
  • Roof Repairs
  • Plumbing Issues
...etc. When you become a homeowner, you need to be prepared for the unexpected, financially. When you're renting, your landlord is typically responsible for all of these types of repairs. That changes when you buy a home, now you're responsible.


Choose to build your savings automatically.
You need to rework how you save your money. Put a set amount aside from every paycheck that is strictly for your mortgage. Some banks allow you to set this up to happen automatically online, so you don't even have to think about it.



Build Your Savings Automatically With First Bank of the Lake!


Build savings automatically — link your Free Kasasa Saver® to your free Kasasa® checking. Free Kasasa Saver® is saving simplified. Connect it to your Kasasa Cash® or 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. Kasasa Saver also earns up to 0.75% APY! That’s Kasasa at First Bank of the Lake — free accounts that reward you for banking locally. Learn more and give us a call today for more details. We can be reached at the phone number listed below.

*Annual Percentage Yield is accurate as of publication date and may change at any time after the account is opened. Fees may reduce earnings on these accounts. Additional conditions and requirements may apply. See bank for details.



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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, August 28, 2020

Your SBA Loan Check List

Starting a new business this year? Need a little financial assistance? That's where SBA Loans can come in very nicely! Our bank at the Lake of the Ozarks is here to give you YOUR SBA Loan Check List in this week's blog. Take a look below so you know ahead of time what to dring when you apply so that you are prepared.


Your SBA Loan Check List

Once you’ve decided to apply for a loan guaranteed by the SBA, you’ll need to collect the appropriate documents for your application. Use the checklist below as a guideline to ensure you have everything the lender may ask for to complete the application. Once the loan package is complete, the lender will submit it to the SBA.

❒ Borrower Information Form
To begin the process, the small business owner will need to complete SBA Form 1919. This form must be completed by all associates of the business applicant as required on the form, to include all owners of 20% or more of the business, all officers and directors, managing members, any person hired to manage the day-to-day operations and any other person who is guaranteeing the loan.
❒ Personal Background and Financial Statement
To assess a small business owner’s eligibility, the SBA also might require that they complete the following forms:
❒ Statement of Personal History - SBA Form 912 (If required after completing Form 1919)
❒ Personal Financial Statement - SBA Form 413 (Not required, but available for lenders to use)
❒ Business Financial Statement
To support a small business owner’s application and demonstrate ability to repay the a loan, the following statements must be prepared:
❒ Year End Profit and Loss (P&L) Statement for the last three years
❒ Year End Balance Sheet for the last three years, including a detailed debt schedule
❒ Reconciliation of Net Worth
❒ Interim Balance Sheet
❒ Interim Profit & Loss Statements
❒ Projected Financial Statements that include month to month cash flow projections, for at least a one-year period.
❒ Business Certificate/License
Small business owners will need to be able to provide the original business license or certificate of doing business when closing the loan. If the business is a corporation, stamp the corporate seal on the SBA loan application form. This information should be readily available to provide to the lender.
❒ Loan Application History
Include records of any loans the small business owner may have applied for in the past.
❒ Income Tax Returns
Include the business’ signed federal income tax returns for the previous three years.
All loans are subject to credit approval. Restrictions and limitations may apply. First Bank of the Lake does not provide tax, legal or investment advice.
All decisions concerning these matters should be made in conjunction with your professional advisors.

YOUR SOURCE FOR SBA LENDING!
As a nationwide Preferred SBA Lender, we have the resources and ex tensive ex perience to tailor solutions for your business.

❒ Resumes
Include personal resumes for each principal.
❒ Business Overview and History
Provide a history of the business and its challenges. Include an explanation of why the SBA loan is needed and how it will help the business.
❒ Business Lease
Include a copy of the business lease, or note for a landlord, giving terms of the proposed lease.
❒ Additional Documents (If Purchasing an Existing Business)
The following information may be required for purchasing an existing business:
❒ Current balance sheet and P&L statement of business to be purchased
❒ Previous three years’ federal income tax returns of the business to be purchased
❒ Proposed Bill of Sale including Terms of Sale
❒ Asking price with schedule of inventory, machinery and equipment, furniture and fixtures
❒ Franchise, jobber or licensing agreements
❒ Proof of equity injection
❒ Additional SBA forms may be required based on the specific use of proceeds or fees paid by the applicant to a loans package, broker or agent





If you would like to learn more about our SBA loans, please visit our website. You will find a ton of helpful resources there. Please visit https://firstbanklake.com/sba-loans.html. We have a very large SBA lender team and we can't wait for your SBA loans to be met by us. Helping small businesses grow is our passion!




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, August 21, 2020

What Should I Bring To Apply For a Mortgage?

Thinking of applying for a mortgage at the Lake of the Ozarks? First Bank of the Lake is here for you. We want to make the process as easy as possible for you and want you to be prepared. That's why we are sharing the following important information with you in this week's blog. Keep reading to learn what all you need to have to apply for a mortgage loan at First Bank of the Lake. If you have any questions about this process, please give us a call. We can be reached at (573) 348-2265.


Mortgage Loan Application Checklist

  • Copy of purchase contract, signed by all parties if this is a purchase transaction.
  • Copies of your past two years W2 and/or 1099 forms.
  • Copies of your most recent pay stubs covering 1 full month of pay.
  • Copies of your two (2) most recent statements or quarterly statements of all bank accounts, investment accounts and retirement accounts, listing all assets for loan approval. Account owner’s name, bank name, account number and all pages must be included.
  • Copies of your past two (2) years Personal Federal Tax Returns with all schedules.
  • Copy of Driver’s License (or valid ID).
  • Name, address and phone number of current landlord.
  • If you are self-employed or own 25% or more of any company, copies of tax returns, S Corporation returns and/or Form 1065 (K-1) for partnerships, as well as your personal returns for the past two years. A year-to-date profit and loss and balance sheet signed by you or your accountant may also be required.
  • If you receive income from rental properties, copies of your past two years Federal tax returns are required. All schedules must be included.
  • If you are retired and receive income from Social Security and/or pensions, please forward a copy of your most recent Social Security Award Letter and a copy of your retirement awards letter or some other documentation to include name and address of provider.
  • Signed Credit Authorization

Information Needed on all Properties Owned

  • Copy of most recent mortgage statement.
  • Copy of most recent homeowner’s insurance declaration page.
  • Copy of Real Estate Tax Paid Receipt. 


First Bank of the Lake is Here For All Your Mortgage Needs!


Many people may seek a mortgage this year with a huge drop in interest rates since the COVID-19 pandemic started. To learn more about our mortgage loans and the process here, please give us a call. We can be reached at the number listed below and you can also follow us on our social media channels listed below to stay up to date on our latest announcements.




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265

Friday, August 14, 2020

Why Business Mobile Banking Is The PERFECT Tool for Small Business Owners

As a small business owner today, you can take every little bit of help that you can get. While there have been a few financial help resources out there during this pandemic, our bank at the Lake of the Ozarks would like to offer you a very helpful tool to use when trying to track your business expenses - the Business Mobile Banking App. Keep reading this week's blog to learn more about this powerful tool and a few reasons why it's PERFECT for small business owners.


Why Business Mobile Banking Is The PERFECT Tool for Small Business Owners


ACCURACY
You can rely on your record-keeping to be accurate when you choose the First Bank of the Lake Business Mobile Banking App. When it comes to tracking your business expenses and paying your bills, accuracy is more important than ever.

RELIABILITY
You can rely on this app to manage your business expenses and pay your bills on time when you program it to. With this app, you don't have to hope an assistant or business colleague gets these important tasks done for you, you can program this app to do things like this for you all from the palm of your hand.

CONVENIENCE
Everything you could ever need to run your business's finances, bill paying, balance checking, transaction approving, etc. - it can all be done from the palm of your hand! That is extremely CONVENIENT for a busy small business owner.

Business Mobile Banking App Details


Business doesn't stop just because you're away from the office, and some of those important financial decisions can't really just wait until you get back. That's why Business Mobile Banking can be such a crucial tool for you and your company.

No matter where you are, you can use your iPhone® or Android™ smartphone to:

  • Review transfers and payments
  • Approve transactions
  • Deposit checks on the go
  • Business Mobile Banking puts the power of financial management and supervision right into your hands... 

wherever you are, whenever you choose.


Business Mobile Banking - Your Convenient Tool During COVID-19 And On...


Business Mobile Banking allows you to manage your business from anywhere. With the COVID-19 pandemic still happening, this app allows you to manage your business banking from the comfort of your home if you choose to work from home versus your public office. To learn more about this convenient app, please call First Bank of the Lake today. We can be reached at the phone number listed below. You can also stay up to date on our latest announcements by following us on our social media channels listed below. Remember, First Bank of the Lake, Where We Put You First!




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


Connect With Us On LinkedIn

Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065

(573) 348-2265