Intro – First Bank of Missouri Reviews & Ranking
First Bank of Missouri was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ's groundbreaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our First Bank of Missouri review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The First Bank of Missouri review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of First Bank of Missouri.
First Bank of Missouri Review
First Bank of Missouri is a privately-owned banked that was founded in 1963. Today, this community bank has ten branch locations throughout the state as well as ATMs in locations around the Kansas City Metro. First Bank is part of the BancAbility corporation, and sister banks include Valley View Bank, Citizens State Bank of Paola, The Mission Bank, and Industrial State Bank.
In total, seven banks are part of this network, so customers get access to any one of these when they open an account with a participating member bank. This system makes it easier and more accessible for clients of First Bank.
Image Source: First Bank of Missouri
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed reviews, First Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
First Bank Review: Mobile Bancability
As one of the top banking firms, First Bank offers valuable technology for customers, particularly as they’re on the go.
The Mobile BancAbility app is a secure and free way to bank from any web-enabled mobile device. For clients who are online banking members, it’s easy to sign up to use the app, and one of the newest features it offers is Mobile Deposits. Checks can be deposited in an account from a mobile device simply by taking a picture of the front and back.
Other capabilities include the ability to pay bills, transfer funds, see balances, and set up email and text alerts.
First Bank Review: Personal Investment Services
For customers who want access to insurance and investment products and solutions, First Bank offers its affiliate, Bankers and Investors Co. The financial advisors employed under this affiliate work with clients to create personalized financial plans highlighting both short and long-term goals.
More specifically, personal investment services offered through First Bank’s affiliate include:
- Estate planning
- Insurance planning
- Retirement planning
- Business planning
- Social Security planning
- Medicaid planning
Image Source: Personal Investment Services
First Bank Review: Free Checking
This top community bank offers several different checking account options, most of which have no monthly service charge.
The checking accounts that are free regarding service charges include Free Green Leaf Checking, Personal Checking, High & Free Interest Checking and Interest Bearing Checking. Also, each of these accounts includes an ATM/debit card, the option to write an unlimited number of checks each month, and relatively low opening deposits.
Also available is the Money Market Account, which has a $6 monthly service charge, but only if the account balance falls below $1000.
First Bank Review: Mortgage Loans
In addition to deposit products, First Bank also offers lending options, which include personal loans and mortgages. Mortgages are offered through an affiliate of First Bank, which is Security Bank of Kansas City.
The home buying process is designed to be as smooth and effortless as possible for the borrower, and the perks of obtaining a mortgage loan through a First Bank affiliate include competitive interest rates and closing costs as well as relatively fast approval. First Bank’s lending affiliate also provides extended loan commitments and loan servicing on some products.
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