News
PRESS RELEASE
Local Community Banks Address Recent Bank Failures
By this time, everyone has heard about the recent failures of Silicon Valley Bank in California and Signature Bank in New York. The purpose of this press release is to assure everyone that your independent, local community banks remain sound and continue to be a safe and secure place for your deposits.
As community banks, our business model is considerably different than either of these banks. We gather deposits from our customers within our local markets and then lend those deposits back to both our local businesses to help support their operations, and to local individuals to purchase homes, buy cars or recreational vehicles, etc. This type of banking activity leads to a much lower overall risk profile for community banks. Furthermore, your local community banks are all well capitalized, have sufficient liquidity available to meet our operational needs, and have the best loan quality and highest loan reserves in decades. And, importantly, your deposits remain safe and secure. (edited version)
News
February 2023
Supporting the Weaver Family
The community outreach that is taking place for the Weaver children, in memory of their parents, Jerry and Tara, is tremendous. And, this tragedy has touched the hearts of communities beyond our own, with tremendous support from the entire U.P., and truly all of Michigan.
An account has been set up at First Bank, and our nine offices are accepting donations on behalf of the family. Please stop in and talk with one of our tellers.
If you are a customer of First Bank, and you are unable to stop in, please contact us at 1-877-848-5533 and ask for a Customer Service Representative for alternative ways to make a donation.
Together, we're community strong!!
News
January 2023
First Bank is proud to become a 5 year Major Bib sponsor for Marquette Mountain Ski Team and Great Lakes Ski Academy.
News
December 2022
First Bank Employees raise money for the Salvation Army, and St. Vincent de Paul in Escanaba.
Pictured below is President/CEO Todd Maki presenting each organization a check for $836.00.
News
December 2022
Thank you, First Bankers, for giving time this holiday season to help our communities. From ringing bells, to filling Christmas wishes.
Thank you to our customers and employees who joined in to contribute to our food and toy drives. You helped many people have a merrier Christmas.
