First Bank of the Lake: July 2019

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.

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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

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.

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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

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.

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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

Tuesday, July 2, 2019

Get to Know Our Team – Matt Gredell

We here at the best bank at the Lake of the Ozarks are very excited to continue our Get to Know Our Team blog series this week and introduce you to one of our fantastic team members, Matt Gredell. Our Lake of the Ozarks bank prides itself on offering phenomenal customer service to each and every person that walks through our doors or comes through our drive-thru. Our employees have a passion for what they do and they do it well! If you are looking for better customer service from your bank, consider First Bank of the Lake. Stop by and see us or give us a call at (573) 348-2265 today. Keep reading to learn more about our own Matt Gredell.

Get to Know Our Team – Matt Gredell

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

- I took an Economics class in college called Money & Banking. I really enjoyed the class and thought banking would be a good career fit for me. I was able to find a job in the banking industry after graduation, and have been in the industry ever since.

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

- SBA Loan Officer – Underwriting and portfolio management

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

- Like most people, the lake originally had a lot to do with my desire to move to the area. I feel very fortunate to be able to work, and raise my family in this community!

4. Where did you attend school?

- Undergrad at Missouri State (Finance) & graduate school at Drury (MBA)

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

- Being a loan officer allows me to work with a variety of people from a variety of industries. Each company and loan request is unique, so I feel there is not a lot of monotony in my job.

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

- Keeping up with the day-to-day activities of my three kids, boating in the summers, and fishing & hunting when I can.

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

- Astronaut

8. What is your dream vacation destination? Why?

- I hear commercial space travel is getting closer, but it would have to coincide with winning the lottery!

9. What is something few people know about you?

- I cannot stand ketchup but will put bbq sauce on nearly anything.

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

- Travel

We hope you all enjoyed getting to know one of our awesome team members a little better. Again, if you are looking for better customer service in your bank, consider our bank in Osage Beach. First Bank of the Lake is located right by the entrance to the Osage Beach Premium Outlets.

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First Bank of the Lake - Striving For Excellence

Member FDIC. Equal Housing Lender.