First Option Bank: Shaping Financial Stability in Paola, Kansas

Paola, Kansas, a vibrant community nestled within the rolling Flint Hills, has found a trusted financial ally in First Option Bank. With a steadfast commitment to local prosperity, the bank has established itself as a pillar of the Paola economy, providing a comprehensive suite of banking solutions tailored to the needs of residents, businesses, and community organizations.

A Century-Long Legacy of Banking Excellence

First Option Bank's roots can be traced back to the early 20th century, when a group of forward-thinking citizens founded the Paola State Bank in 1912. Over the past century, the bank has weathered economic storms, witnessed the rise and fall of industries, and remained a constant source of support for the Paola community.

In 1989, the bank underwent a transformation, merging with First Option Bank, headquartered in Ottawa, Kansas. This strategic alliance brought together the strengths of two respected financial institutions, expanding First Option Bank's reach and enhancing its service offerings.

Comprehensive Banking Solutions for All

Today, First Option Bank provides a full spectrum of banking services, meeting the diverse financial needs of Paola residents and businesses. These include:

• Checking and Savings Accounts: Tailored to meet various lifestyle and financial goals, with competitive rates and convenient access to funds.
• Mortgages: Personalized mortgage loans for homebuyers and homeowners alike, with flexible terms and competitive interest rates.
• Business Banking: Comprehensive solutions for small businesses, including loans, cash management services, and merchant processing.
• Agricultural Lending: Specialized financing options for farmers and ranchers, supporting the backbone of rural communities.
• Wealth Management: Expert advice and investment strategies to help individuals and families build and preserve their wealth.

Local Commitment, Global Reach

First Option Bank's deep-rooted connection to the Paola community is evident in its unwavering support for local initiatives and organizations. The bank actively participates in community events, contributes to local charities, and invests in the future of Paola through partnerships with schools and youth programs.

Despite its local focus, First Option Bank has a global reach through its membership in the Federal Deposit Insurance Corporation (FDIC) and its affiliation with the Independent Community Bankers of America (ICBA). This network provides access to industry-leading resources and expertise, ensuring that the bank stays abreast of the latest banking trends and best practices.

Why First Option Bank Matters

Financial Stability: As a locally owned and operated bank, First Option Bank has a vested interest in the financial well-being of Paola. Its prudent lending practices and strong capital position ensure that the community has access to reliable banking services, even during economic downturns.

Economic Growth: First Option Bank is a catalyst for economic growth in Paola. By providing funding to local businesses and entrepreneurs, the bank creates jobs, supports innovation, and fosters a vibrant business climate.

Community Engagement: First Option Bank believes that banking is more than just about providing financial services. It is about building relationships, supporting local organizations, and enriching the community it serves. The bank's active involvement in Paola demonstrates its commitment to being a positive force for change.

How to Benefit from First Option Bank

Experience the benefits of banking with First Option Bank and unlock financial possibilities for you, your family, and your business.

• Open an Account: Visit the Paola branch or apply online to open a checking or savings account tailored to your needs.
• Apply for a Loan: Connect with a knowledgeable loan officer to explore mortgage, business, or agricultural financing options.
• Manage Your Finances: Utilize online banking, mobile banking, and bill pay services to conveniently manage your accounts from anywhere.
• Seek Financial Advice: Schedule a consultation with a wealth management advisor to discuss investment strategies and plan for your financial future.

Call to Action: Join the First Option Bank Community

Become part of the First Option Bank family and experience the difference that local banking can make. Visit the Paola branch today, call (913) 294-3311, or visit www.firstoptionbank.com to learn more about how we can help you achieve your financial goals.

Stories and Lessons

Story 1: The Homeowner's Dream

Maria, a long-time Paola resident, had always dreamed of owning her own home. With the help of a mortgage loan from First Option Bank, she was able to purchase her dream house in the heart of the community. Not only did the bank provide her with a competitive interest rate and flexible terms, but the loan officer also guided her through the entire process, making her homeownership journey smooth and stress-free.

Lesson: First Option Bank understands the importance of homeownership and is committed to making the dream a reality for Paola residents.

Story 2: The Business Success

John, a local entrepreneur, had a brilliant business idea but lacked the necessary capital to bring it to life. First Option Bank recognized his potential and provided him with a business loan that allowed him to launch his venture. Thanks to the bank's support, John's business flourished, creating jobs and contributing to Paola's economic vitality.

Lesson: First Option Bank is a catalyst for economic growth, providing financing solutions to help local businesses succeed.

Story 3: The Wealth Management Journey

Sarah, a Paola native, was nearing retirement and needed to ensure her financial future. She turned to First Option Bank's wealth management team for guidance. The team developed a customized investment strategy that met her goals and provided her with peace of mind as she entered this new chapter in her life.

Lesson: First Option Bank's wealth management services help individuals and families plan for their financial well-being, ensuring a secure future.

Step-by-Step Approach to Banking with First Option Bank

1. Identify Your Needs: Consider your financial goals and the banking services you require, such as a checking account, savings account, loan, or wealth management advice.
2. Visit or Contact First Option Bank: Visit the Paola branch, call (913) 294-3311, or go online to www.firstoptionbank.com to connect with a friendly and knowledgeable banker.
3. Explore Your Options: Discuss your needs with a banker who will provide tailored recommendations and guide you through the available options.
4. Apply for Services: Complete the necessary paperwork and submit your application for the desired banking services.
5. Enjoy the Benefits: Experience the convenience, security, and personalized service that First Option Bank provides, knowing that you have a trusted financial partner by your side.

Tables

Table 1: First Option Bank Assets and Liabilities (as of December 31, 2022)

Table 2: First Option Bank Loan Portfolio (as of December 31, 2022)

Table 3: First Option Bank Key Performance Indicators (as of December 31, 2022)