Employee stock ownership

FirstBank Announces Empower All, Financial Education Resources to Help you Bank with Confidence

Retrieved on: 
Wednesday, September 14, 2022
Aurora, Center, Organization, MBC, Treasury, Industry, Language, Employee stock ownership, Goal, First Bank, Collection, Greeley, GLOBE, Bank

FirstBank created its Empower All campaign believing everyone should have the foundation to build strong financial habits.

Key Points: 
  • FirstBank created its Empower All campaign believing everyone should have the foundation to build strong financial habits.
  • Empower All topics include how to build and improve credit, the steps to buying a home, fraud prevention, saving, budgeting and investing as well as banking basics.
  • FirstBank also provides easy-to-follow tips and tricks on financial health, business success, homeownership and more on the banks Smart Cents blog .
  • No individual should be held back from achieving their goals because of limited access to financial education, said Kevin Classen, President of FirstBank.

FirstBank Closes Out Second Quarter with Sustained Growth and Top Workplace Ranking

Retrieved on: 
Monday, August 15, 2022
ColoradoBiz, First Bank, Industry, GLOBE, The Denver Post, CEO, Growth, Treasury, Workplace, Income, Employee stock ownership, Organization, Bank

At the end of June, the banks total assets climbed to $28.7 billion, up 7 percent from the same period in 2021.

Key Points: 
  • At the end of June, the banks total assets climbed to $28.7 billion, up 7 percent from the same period in 2021.
  • Total deposits were $26.9 billion, exceeding last years second quarter total by 10.4 percent, and net income rose by 14.2 percent to $163.1 million.
  • FirstBank was once again named Best Bank in ColoradoBiz Magazines 2022 Best of Colorado Business Choice Awards, after being recognized in 2021.
  • As an organization, our goal is always to remain committed to providing excellent customer service, said Jim Reuter, CEO of FirstBank.

FirstBank Announces Multiple Leadership Appointments

Retrieved on: 
Tuesday, July 19, 2022
People, Leadership, Human resources, First Bank, CEO, Woman, Chief digital officer, GLOBE, Employee stock ownership, Digital banking, Organization, Industry, Color, Treasury, Management, Retail, Investment

Matthew Doyle, who previously served as President of Loan Review, is now President of Investments.

Key Points: 
  • Matthew Doyle, who previously served as President of Loan Review, is now President of Investments.
  • The new appointments result from previous FirstBank Presidents retiring or being elevated to C-level positions.
  • FirstBank is a big proponent of promote-from-within, and one of the many reasons our organization continues to be financially strong and perform well above industry norms is because we look to cultivate talent and grow our companys leadership internally, said Jim Reuter, CEO of FirstBank.
  • Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing nearly $80 million and thousands of volunteer hours to charitable organizations.

FirstBank Partners with Reforestation Nonprofit for Second Year; Aims to Plant Another 50,000 Trees

Retrieved on: 
Wednesday, June 1, 2022
Online, Marketing, UN, FDIC, Employee stock ownership, Real estate economics, First Bank, One Tree Planted, Sustainable Development Goals, Flood, Nature, CEO, Partnership, Forest, Environment, Climate, Organization, Sustainable development, Treasury, GLOBE, Goal, Tree, Industry, Water, VTO, Fire, Biodiversity, Management, Bank

This year, FirstBank is hoping to plant another 50,000 trees.

Key Points: 
  • This year, FirstBank is hoping to plant another 50,000 trees.
  • Through its partnership with Colorado Gives Day and Arizona Gives Day, FirstBank has helped raise over $392 million for nonprofit organizations.
  • One Tree Planted is a 501(c)(3) nonprofit on a mission to make it simple for anyone to help the environment by planting trees.
  • **FirstBank will donate $6.50 (or 5 trees) per FirstBank Bloom Package opened online or in-person, up to $65,000 (50,000 trees), towards One Tree Planted.

FirstBank Maintains Robust Growth at the Start of 2022

Retrieved on: 
Monday, May 9, 2022
GLOBE, Middle Fork, Employee stock ownership, African Americans, Marshall, Organization, Program, Treasury, First Bank, Environment, Industry, CHFA, Income, Academic Model Providing Access to Healthcare (AMPATH), CEO, PATH, Bank

The bank recorded year-over-year increases in assets, deposits and income, including a net income increase of 29.8 percent to $79.1 million.

Key Points: 
  • The bank recorded year-over-year increases in assets, deposits and income, including a net income increase of 29.8 percent to $79.1 million.
  • Were extremely pleased with our companys strong financial performance, said Jim Reuter, CEO of FirstBank.
  • As the market starts to normalize back to pre-pandemic conditions, we feel confident our company will continue its upward trajectory well into 2022.
  • Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing nearly $80 million and thousands of volunteer hours to charitable organizations.

FirstBank Welcomes New Leadership

Retrieved on: 
Friday, April 29, 2022
People, CEO, Employee stock ownership, First Bank, GLOBE, Leadership, Color, Organization, Human, COO, Digital banking, Human resources, Treasury, CPO, Â, Shannon, Digital, Woman, Industry, Environment, Culture, CDO, Management, Retail

The former President of Retail and Digital Banking, Kelly Kaminskas, will replace Robinson on FirstBanks Senior Leadership Team, but as the companys new Chief Digital Officer (CDO).

Key Points: 
  • The former President of Retail and Digital Banking, Kelly Kaminskas, will replace Robinson on FirstBanks Senior Leadership Team, but as the companys new Chief Digital Officer (CDO).
  • Additionally, FirstBank announced its new Chief People Officer (CPO), Shannon Jones, who previously served as President of Human Resources (HR).
  • Robinson, who spent her entire banking career with FirstBank, served as a Regional President before her appointment to COO in 2017.
  • We are grateful for her tremendous impact on our companys success and culture, said Jim Reuter, CEO of FirstBank.

Kelly-Moore Paints Amps Up Convenience with Same-Day Paint Delivery Powered by Walmart GoLocal

Retrieved on: 
Thursday, April 28, 2022
Home Goods, Construction & Property, Other Manufacturing, Supply Chain Management, Interior Design, Manufacturing, Retail, Department Stores, Walmart, ESOP, Kelly-Moore Paints, NYSE, CEO, Employee stock ownership, Twitter, E-commerce, Philosophy, WMT, Multimedia, Paint, Facebook, B2B, General manager, Quality control, Interior design

The new, convenient delivery option is made possible by Walmart GoLocal, Walmarts white-labeled delivery as a service business that provides businesses of all sizes with low-cost delivery solutions.

Key Points: 
  • The new, convenient delivery option is made possible by Walmart GoLocal, Walmarts white-labeled delivery as a service business that provides businesses of all sizes with low-cost delivery solutions.
  • We knew we had to offer fast, dependable delivery to remain competitive and Walmart GoLocal was the logical provider to meet our needs given their reach, pricing and capabilities.
  • Leveraging Walmart GoLocal will allow Kelly-Moore Paints customers to receive products like interior and exterior paints, primers, stains, paint brushes and rollers, tape and more, faster on the day of the ordering.
  • One of Walmart GoLocals priorities is to support mid-sized and regional businesses with low-cost delivery capabilities, and were excited to add Kelly-Moore Paints to the growing list of Walmart GoLocal clients, said Harsit Patel, General Manager of Walmart GoLocal.

FirstBank Announces “Money Manager” Giveaways for National Financial Literacy Month

Retrieved on: 
Tuesday, March 29, 2022
Budget, Organization, Visa, First Bank, Employee stock ownership, Industry, Money, GLOBE, Blog, Treasury, Online gambling, Online shopping, Bank

LAKEWOOD, Colo., March 29, 2022 (GLOBE NEWSWIRE) -- FirstBank , one of the nations largest privately held banks with a focus on banking for good, today announced two Money Manager giveaways to promote financial health during National Financial Literacy Month.

Key Points: 
  • LAKEWOOD, Colo., March 29, 2022 (GLOBE NEWSWIRE) -- FirstBank , one of the nations largest privately held banks with a focus on banking for good, today announced two Money Manager giveaways to promote financial health during National Financial Literacy Month.
  • *Must be a FirstBank customer to log in to the FirstBank Mobile App; otherwise, people may enter the contest by mail-in entry.
  • Additionally, customers can use FirstBanks Money Manager tool on the FirstBank Mobile App to create budgets, set financial goals, monitor spending activity, track expenses, and more.
  • For more information about the Money Manager tool and giveaways, visit efirstbankblog.com/moneymanagermonday .

Project Equity Announces Employee Ownership Accelerator Campaign

Retrieved on: 
Wednesday, March 30, 2022
IDFC Project Equity, Human, Prudential Financial, Poverty, Transport, Growth, Legislation, NYSE, Ownership, Public opinion, Research, Color, National Center on Education and the Economy, PRU, CEO, Rock, Workforce, Working poor, Employee stock ownership, COVID-19, Income, Movement, Awareness, Creative industries, Management, Prudential

OAKLAND, Calif., March 30, 2022 /PRNewswire-PRWeb/ -- Today, Project Equity announced a national call to action for the creation of 2 million new employee-owners by 2026. Right now, almost 3 million businesses in the United States have owners at or near retirement age. Dubbed the "Silver Tsunami," most retirement-aged business owners have no plans for once they retire. Many of these businesses are in industries that tend to have lower-wage workers and a significant percentage of workers of color.

Key Points: 
  • Through the Employee Ownership Accelerator Campaign , Project Equity will highlight the fact that employee ownership fortifies businesses, makes local economies more resilient and allows more people to build economic stability across generations.
  • "The U.S. economy is ready for a new direction to help employees of all income levels build economic security for the future: employee ownership.
  • The Employee Ownership Accelerator Campaign is an initiative by Project Equity to raise $30 million over five years in order to influence, drive and support the conditions for the growth of 2 million new employee-owners across the country.
  • As an established thought leader on the benefits of employee ownership, Project Equity will influence public opinion and drive demand across the business landscape for employee ownership transitions through research, direct service, partnerships and access to capital.

For Retiring Business Owners of Color, an Exit Strategy That Saves Jobs and Builds Wealth

Retrieved on: 
Wednesday, March 9, 2022
University, Education, Philanthropy, Public Policy, Other Policy Issues, Labor, Training, Foundation, Public Policy, Government, Other Education, Continuing, People, Cream, Online, Work, Life, Curriculum, Risk, Gold, Research, Employment, Employee stock ownership, Poverty, W. K. Kellogg Foundation, Cooper (surname), Rutgers School of Management and Labor Relations, ESOP, Institute, Policy, Rutgers University, WKKF, Color, Sale, Democracy, African Americans, Management, COVID-19, Ownership, Organization, Worker cooperative, Program, Tutoring

The owner's bag is filled with cash from the business sale to employees.

Key Points: 
  • The owner's bag is filled with cash from the business sale to employees.
  • The business owner starts to eliminate the cause of systemic poverty by replacing the traditional business model of exclusion, where the many serve the few, with a 21st-century business model of inclusion.
  • Low-income and moderate-income workers can build significant wealth , narrowing the racial and gender wealth gaps.
  • Its a strategy that preserves wealth, keeps the business going, saves jobs, and prevent harm to the local economy.