Archive - March 2020

First Option Bank CARES About Your Business If your business has been negatively impacted by COVID-19 and has fewer than 500 employees, is a non-profit, a tribal business or a veterans' association, you may be eligible for a loan through the recently announced CARES (Coronavirus Aid, Relief, and Economic Security) Act.  

First Option Bank will offer SBA 7(a) loans through...

INFORMATION UPDATED ON: 05/26/2020 at 9:06AM

As we continue to monitor the impact of the coronavirus (COVID-19), we remain focused on our commitment and responsibility to serve our customers, while also addressing the health and safety of our employees, customers and communities.   

In following the state and CDC recommendations on social distancing, effective Monday, May 11, our management...

First Option Bank Offering Financial Relief Program to individuals and business owners who have been affected by COVID-19. 

Paola, KS. (Mar. 20, 2020) – As part of our ongoing commitment to work with customers to lessen the impacts of financial hardships due to the evolving COVID-19 situation, First Option Bank is offering a Financial Relief Program to our loan customers for consumer, credit card, mortgage and...

Look out! The bad guys are preying on your fear and sending all sorts of scams related to the Coronavirus (COVID-19).
Below are some examples of the types of scams you should be on the lookout for:
 

Emails that appear to be from organizations such as the CDC (Centers for Disease Control), or the WHO (World Health Organization)....

The Federal Deposit Insurance Corporation (FDIC) is known for protecting depositors, but we do more to connect with and protect the public. The FDIC was created in 1933 in response to the thousands of bank failures during the Great Depression of the late 1920s and early 1930s. Since the start of FDIC insurance in 1934, no depositor has lost a single cent of insured funds. 

What bank products does FDIC Deposit Insurance cover?

FDIC deposit insurance enables consumers to confidently...