FirstBank (Lakewood, CO)

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5 Year Premier Time Account

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APY	ACCOUNT TYPE	ACCOUNT NAME
0.60%	5-year CD	5 Year Time Deposit 1.85% - Synchrony Bank 60 Month CD
0.10%	1-year CD	1-Year Time Savings Smart Choice College Savings Plan 1.05% - Ally Bank High Yield 12-Month CD
0.01%	Savings	Regular Savings 1.00% - Ally Bank Online Savings Account

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Overview / Commentary

www.efirstbank.com

303-232-2000

10403 West Colfax Avenue
Lakewood, CO 80215

FirstBank (Lakewood, CO) is headquartered in Lakewood and is the largest bank in the state of Colorado. It is also the 87^th largest bank in the nation. It was established in 1963 and as of June of 2016, it had grown to 2,323 employees at 123 locations. FirstBank (Lakewood, CO) has an A health rating.

A Dying Breed

Posted by: CONative | Aug 22, 2015

FirstBank is one of the last surviving Colorado banks after deregulation in the 1980's. Almost all other banks here are national chains. I enjoy banking with FirstBank because they are Colorado owned and operated with locations all over the Front Range and I-70 mountain towns. I have also always received top customer service from FirstBank as they have friendly, knowledgeable employees. However, they really like to fee their customers. A $10 annual fee for a Visa Debit card? Foreign ATM fees (so if you visit any other state and use an ATM there, you get hit with a $2 fee); $8 cashiers check fee etc. I have checking/savings/overdraft line of credit and a Visa Signature credit card and I pay $30 a year in fees ($10 Visa Debit and $20 line of credit). Their savings rate is ridiculously low at 0.01%; however, if you upgrade to Premier Checking (requires $2,500 in the account at all times) you earn 0.05% and the $10 Visa Debit and $20 line of credit annual fees are waived. In recent years, FirstBank has oddly expanded into the Phoenix, AZ area and as such, they have started to play down the Colorado ties which has been disappointing as it feels less local.
Overall, if you want a convenient, friendly and Colorado owned bank you cannot find anything better. I always recommend having a credit union on the side for loans and better deposit rates, but banks do checking so much better.

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2

Run Do Not Walk Away From This Bank

Posted by: Stacibella1 | Dec 5, 2014

Be aware of this bank. They have no loyalty. My mother had a 1st Bank MasterCard and when she passed away, I called the credit card company to make a payment and told them my mom passed and that I planned to pay the account in full once I settled her estate. Two days later, I received a notice that the bank wiped out her checking and savings account and applied it to her credit card and closed her account (a joint account with my mom and I). I was told that could not even get copies of the credit card statements without a court order. Then, the person I dealt got even with me for being angry about this situation (and yes, I was angry) by closing my account without notice leaving me with even more stress (no money) added to losing my mom. I had never met this person before but she told the bank president that I was a "problem customer." My mom was a customer of 1st Bank for 35 years and was so loyal she would not even change banks when she was offered a better interest rate. I was a customer for 10 years. Apparently, the 1st Bank credit card agreement states that upon someone's death, funds to pay the credit card can be taken from the person's 1st Bank account with no consideration to the joint account holder. I was told this but I have no proof because I could not get a copy of that agreement either. In my opinion, it is a BAD IDEA to get a 1st Bank Credit card. My mom signed this agreement trusting that the bank was acting in her best interest. My mom thought that she was helping me by having my name on the bank account. My mom did not have a deceptive bone in her body and did not think that anyone else did either. I guess the bank needed the money more than I did. She would have been so hurt to have her 35 years of loyalty wiped out in a single key stroke.

RIP DKM, my beautiful, kind, thoughtful, charitable, loving and sweet natured mother. Where you are, greed does not exist. Until we meet again...

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2

Fraudulent Deceptive Bank

Posted by: Carlos Lerma | Dec 4, 2014

Have had the account open 4 mo they lost my deposit at the branch, upon opening the rep told me different from the actual policies so I was charge an overdraft fee one day after opening the account and the rep told me it's a common thing that happens (figures they should correct it) then I was charged a 34 nsf fee for over drafting .80 cents after a manager told me I didn't no how to bank.

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2

Health

A

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #	18714
Year Established	1963
Employees	2323
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.26%
Return on Equity - YTD	15.5%
Annual Interest Income	$265.9MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$16.18B$15.12B
Loans	Q2 2016vs Q2 2015	$9.15B$8.38B
Deposits	Q2 2016vs Q2 2015	$14.65B$13.64B
Equity Capital	Q2 2016vs Q2 2015	$1.33B$1.22B
Loan Loss Allowance	Q2 2016vs Q2 2015	$90.0MM$86.6MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$27.8MM$19.9MM
Real Estate Owned	Q2 2016vs Q2 2015	$2.6MM$1.2MM

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