First Bank (MO)

Overview / Commentary

www.first.bank

314-995-8700

11901 Olive Blvd.
Creve Coeur, MO 63141

First Bank (MO) is headquartered in CREVE COEUR and is the 7^th largest bank in the state of Missouri. It is also the 219^th largest bank in the nation. It was established in 1906 and as of June of 2023, it had grown to 907 employees at 73 locations. First Bank (MO)'s CD rates are 4X the national average, and it has a B health rating.

View all posts from:

2021
2020
2007
Earlier

5/3 - First Bank Offers First Performance Checking Online in CA, IL, and MO

9/30 - First Bank (CA/IL/MO) Adds Competitive Reward Checking Account

2/18 - 6.15% 6-Month CD at a Florida Bank (Coast Bank of Florida)

1/23/06 - 5% 15-Month / 4.90% 9-month CDs at a Chicago Bank

Reviews (3)

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First Bank Is Great!

Posted by: AnonReviewer | Jan 31, 2021

I only saw one other review on here and they had a negative experience with First Bank. I was surprised because I've had a great experience with them so it prompted me to create an account to write a review.
I opened my account at a branch in Southern California, the staff were extremely helpful and the process went as smooth as can be expected (every bank has to go through a list of 'know your customer' checks). The high-yield on the Performance Checking account is unbeatable, and it's much nicer being with a smaller bank with personable staff then the giant monster mega banks. I like that they have a branch near me as well, and not just an online bank - that said, there website isn't the best, it is perfectly functional for all my banking needs, but not as slick as some others, but that's fine with me, it's a bank. They do have a phone app, but I don't have any interest in apps.

Comment

To Be Avoided

Posted by: chris100 | Sep 8, 2021

Another bank to waste your time trying to open a legitimate account. I applied and then got an email that my request to withdraw my application has been received and the application is closed. When I tried to call there were eighteen (18) callers ahead of me so I did not even bother to wait. Totally ridiculous and definitely a waste of time. No transparency whatsoever while presenting false information.

Comment

Expect Couple Of Mistakes And Typos On Your Account!!

Posted by: nomin | Jul 7, 2020

I went to this bank (San Francisco, Taraval St Location) to open the most basic account and it took them 2 hours to get it done. Prior going to the branch, I made sure to make an appointment with a banker to save time and he didn’t even show up on time!!!! It was a mess from the beginning... First, the bank personnel who was supposed to help me didn’t show up on time. It resulted me to go to cashier/teller who has no up front knowledge of what she was doing. Not to mention that she at least made 2-3 typos on my account paperwork. Shouldn’t this be simple requirement for anyone who works in the bank to have?! You cannot make a simple mistake like that with poor professionalism and expect people to come back and be your customer.

Second, the actual banker showed up after some time, and started printing my bank account agreements for me to sign. Again, TYPOS. Typos again on the agreement form. When I pointed out the typos, the banker didn’t even seem to care about it. Needless to say, he doesn’t review the docs.

Lastly, after 2-3 weeks of account opening, they made an informal call to me saying I can’t have an account with them because my mailing address was a PO Box. I completely understand their policy and procedure and have no problem with it whatsoever. But I’m not okay being informed in that way after 2 hours wait, multiple typos and mistakes, extremely poor customer service!!!

Today, I received my check that I initially deposited from them and my address was WRONG on the UPS envelope they sent via express service to me! I’m lucky that I got my check despite they can’t even do basic “copy and paste” a simple address!

Comment

Health

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	12229
Year Established	1906
Employees	907
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.53%
Return on Equity - YTD	7.72%
Annual Interest Income	$129.7MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$6.65B$6.69B
Loans	Q2 2023vs Q2 2022	$3.42B$3.10B
Deposits	Q2 2023vs Q2 2022	$5.93B$6.15B
Equity Capital	Q2 2023vs Q2 2022	$446.9MM$497.4MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$40.0MM$35.6MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$7.4MM$14.6MM
Real Estate Owned	Q2 2023vs Q2 2022	$30.00K$29.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not First Bank (MO); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First Bank (MO) Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
5.12%^*^†	-	$500	Kids Cash
OTHER TIERS: 0.01% → $500+
0.03%^†	-	-	Health Savings Account
0.01%^†	-	-	Statement Savings
0.01%^†	-	-	Thrive Savings

First Bank (MO) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%^†	-	-	Workplace Money Market
0.02%^*^†	$10k^*	-	Performance Money Market Account
OTHER TIERS: 0.01% → Up to $10k

First Bank (MO) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.59%^*^†	-	$25k	First Performance Checking Account
OTHER TIERS: 0.10% → $25k+
0.05%^†	-	-	Workplace Checking
0.01%^†	-	-	Legacy Checking
0.01%^†	-	-	First Plus Checking
0.01%^†	-	-	First Premier Checking
0.01%^†	-	-	Thrive Checking

First Bank (MO) CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.10%^†	$1k	$500k	7 Month CD Special
5.10%^†	$1k	$500k	7 Month Workplace CD Special
5.00%^†	$1k	$500k	13 Month CD Special
5.00%^†	$1k	$500k	13 Month Workplace CD Special
4.70%	$1k	$500k	20 Month CD Special
4.70%	$1k	$500k	20 Month Workplace CD Special
4.25%^†	$1k	$500k	6 Month CD
4.25%^†	$1k	$500k	6 Month Workplace CD
3.50%^†	$1k	$500k	12 Month CD
3.50%^†	$1k	$500k	12 Month Workplace CD
0.50%^†	$1k	$500k	60 Month CD
0.50%^†	$1k	$500k	60 Month Workplace CD
0.45%^†	$1k	$500k	48 Month CD
0.45%^†	$1k	$500k	48 Month Workplace CD
0.35%^†	$1k	$500k	36 Month CD
0.35%^†	$1k	$500k	36 Month Workplace CD
0.25%^†	$1k	$500k	30 Month CD
0.25%^†	$1k	$500k	30 Month Workplace CD
0.20%^†	$1k	$500k	24 Month CD
0.20%^†	$1k	$500k	24 Month Workplace CD
0.15%^†	$1k	$500k	18 Month CD
0.15%^†	$1k	$500k	18 Month Workplace CD
0.05%^†	$1k	$500k	3 Month CD
0.05%^†	$1k	$500k	7 - 29 Day CD
0.05%^†	$1k	$500k	30 - 89 Day CD
0.05%^†	$1k	$500k	3 Month Workplace CD
0.05%^†	$1k	$500k	30 - 89 Day Workplace CD
0.05%^†	$1k	$500k	7 - 29 Day Workplace CD

First Bank (MO) IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.43%^†	$1k	$500k	18 Month Variable Rate IRA
5.43%^†	$1k	$500k	18 Month Workplace Variable IRA
5.10%^†	$1k	$500k	7 Month IRA Special
5.10%^†	$1k	$500k	7 Month Workplace IRA Special
5.00%^†	$1k	$500k	13 Month IRA Special
5.00%^†	$1k	$500k	13 Month Workplace IRA Special
4.70%	$1k	$500k	20 Month IRA Special
4.70%	$1k	$500k	20 Month Workplace IRA Special
4.25%^†	$1k	$500k	6 Month IRA
4.25%^†	$1k	$500k	6 Month Workplace IRA
3.50%^†	$1k	$500k	12 Month IRA
3.50%^†	$1k	$500k	12 Month Workplace IRA
0.50%^†	$1k	$500k	60 Month IRA
0.50%^†	$1k	$500k	60 Month Workplace IRA
0.45%^†	$1k	$500k	48 Month IRA
0.45%^†	$1k	$500k	48 Month Workplace IRA
0.35%^†	$1k	$500k	36 Month IRA
0.35%^†	$1k	$500k	36 Month Workplace IRA
0.25%^†	$1k	$500k	30 Month IRA
0.25%^†	$1k	$500k	30 Month Workplace IRA
0.20%^†	$1k	$500k	24 Month IRA
0.20%^†	$1k	$500k	24 Month Workplace IRA
0.15%^†	$1k	$500k	18 Month IRA
0.15%^†	$1k	$500k	18 Month Workplace IRA
0.05%^†	$1k	$500k	7-29 Day IRA
0.05%^†	$1k	$500k	30-89 Day IRA
0.05%^†	$1k	$500k	3 Month IRA
0.05%^†	$1k	$500k	3 Month Workplace IRA
0.05%^†	$1k	$500k	30 - 89 Day Workplace IRA
0.05%^†	$1k	$500k	7 - 29 Day Workplace IRA