Nestled in the heart of Neosho, Missouri, First Community Bank stands as a beacon of financial stability and community engagement. With a rich history spanning over a century, the bank has played an integral role in the economic development and well-being of the region. This comprehensive article delves into the myriad of services and benefits offered by First Community Bank, shedding light on its unwavering commitment to customer satisfaction and financial empowerment.
First Community Bank was founded in 1908 as the Neosho Savings Bank. Over the years, the bank has expanded its reach, establishing branches throughout Southwest Missouri. Today, First Community Bank operates 10 branches strategically located to serve the diverse financial needs of individuals, families, and businesses.
Throughout its history, the bank has maintained a steadfast focus on providing exceptional customer service. Its team of experienced bankers is dedicated to building lasting relationships with clients, understanding their unique financial goals, and tailoring solutions to meet their specific needs.
First Community Bank offers a comprehensive suite of banking solutions, catering to the diverse financial needs of its clients. These services include:
First Community Bank's unwavering commitment to financial stability and customer satisfaction is reflected in key statistics published by the Federal Deposit Insurance Corporation (FDIC). As of June 30, 2023, the bank held $900 million in assets and $750 million in deposits.
First Community Bank also boasts a strong capital position, with a Tier 1 Risk-Based Capital Ratio of 12.5%, exceeding the industry average and providing clients with peace of mind.
Beyond its financial services, First Community Bank is deeply rooted in the Neosho community. The bank actively supports local businesses, community organizations, and non-profit initiatives.
Through its Community Reinvestment Act (CRA) program, First Community Bank has invested $1 million in low- and moderate-income neighborhoods in Neosho. These investments have helped create affordable housing, support small businesses, and improve the quality of life for residents.
In an era of rapid financial change, choosing the right bank is crucial. First Community Bank offers a compelling combination of stability, service, and community involvement that sets it apart from other financial institutions.
Here are some key reasons why First Community Bank matters:
Opening an account at First Community Bank is a simple and straightforward process. Here are the steps to follow:
Choosing a bank is an important decision that should not be taken lightly. Avoid these common mistakes to ensure you select the right financial institution for your needs:
Choosing First Community Bank as your banking partner comes with a multitude of benefits:
First Community Bank offers a range of investment services designed to help you grow your wealth and achieve your financial goals. These services include:
Account Type | Interest Rate (APY) | Term | Minimum Balance* |
---|---|---|---|
Value Checking | 0.10% | N/A | $100 |
Premium Savings | 0.25% | N/A | $250 |
Money Market Account | 0.10% | N/A | $100 |
3-Month CD | 0.40% | 90 days | $1,000 |
6-Month CD | 0.50% | 180 days | $1,000 |
1-Year CD | 0.60% | 365 days | $1,000 |
*APY = Annual Percentage Yield. Rates are subject to change without notice.
Loan Type | Interest Rate Range** | Term | Minimum Loan Amount |
---|---|---|---|
Personal Loan | 8.99% - 19.99% | 12 - 60 months | $1,000 |
Auto Loan | 3.99% - 8.99% | 24 - 84 months | $10,000 |
Business Loan | 5.99% - 12.99% | 12 - 60 months | $25,000 |
Farm Loan | 4.99% - 9.99% | 12 - 60 months | $50,000 |
**Rates vary based on creditworthiness and loan terms.
Service | Fee | Minimum Investment |
---|---|---|
Wealth Management | 1% of assets under management | $500,000 |
Investment Management | 0.50% of assets under management | $100,000 |
Retirement Planning | $50 per hour | N/A |
Brokerage Services | $7.95 per trade | N/A |
Q: Is First Community Bank a member of the FDIC?
A: Yes, First Community Bank is a member of the FDIC, ensuring that your deposits are federally insured up to $250,000.
Q: Does First Community Bank offer online and mobile banking?
A: Yes, First Community Bank offers convenient online and mobile banking services, allowing you to manage your finances anywhere, anytime.
Q: Does First Community Bank accept PPP loans?
A: Yes, First Community Bank has been an active lender in the Paycheck Protection Program (PPP), providing loans to small businesses to help them navigate the financial challenges of the COVID-19 pandemic.
Q: What are the minimum balance requirements for First Community Bank accounts?
A: Minimum balance requirements vary depending on the type of account. Most personal checking accounts require a minimum balance of $100, while most savings accounts require a minimum balance of $250.
Q: How do I contact First Community Bank customer service?
A: You can contact First Community Bank customer service by phone at (417) 451-5900 or by email at [email protected]
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