2. “ We celebrate our own historic
journey and embrace the future with
pride, a passion for excellence, and
a dedicated commitment to become
your premier bank of choice.”
– Tim Lathe
President and Chief Executive Officer, First Banks, Inc.;
Chairman of the Board, President and
Chief Executive Officer, First Bank
3. In early 2015, I was appointed the role of President/CEO
of First Banks, Inc. I’m truly honored to be in a leadership
position for such a unique organization as First Bank. It’s a
special place to be and I’m happy to tell you why.
Throughout the industry, the term “assets” is often used
to describe various financial pieces of a business or an
individual’s portfolio. First Bank’s assets far exceed numbers,
financial statements, and a strong bottom-line.
A dedicated, 100-year family history of ownership is an
asset not many banks can tout. I believe this culture of
long-standing family ownership certainly sets us apart from
our counterparts in the financial services industry. Not only
are we strengthened by experience – boasting a seasoned
team of experts – but we’re also steadied by the heritage of
origins dating back to 1910. What’s more, here, the client
relationship comes first. At First Bank, we’re focused on
maintaining long-term relationships with our clients, rather
than focusing our efforts on short-term gains. We want to
guide you toward your goals every step of the journey.
Our Assets: Financially Speaking
We are pleased with our financial performance and
achievements. Our combined new loan originations, across
commercial, consumer, business banking, and mortgage
grew at a rate of 30% last year–far in excess of the pace of
market growth. We made further and important strides
in improving our asset quality metrics, while remaining
diligent in controlling our expenses. We have made
progress in reducing a number of expense categories,
while continuing to invest in several business segments.
We anticipate these investments will provide expansionary
growth opportunities within each of our markets.
We’re excited about the opportunities that lie ahead of
us. In recent years, we have repositioned the Bank to
achieve strong future growth and improve our financial
performance, and are well-positioned for future success!
Our People: Our Most Valuable Asset
It has become increasingly rare for individuals to remain
at a single employer throughout their entire career. It isn’t
rare at First Bank. Most First Bank employees are seasoned
professionals in the financial services realm, many with
years of banking experience. You’ll find many First Bank
employees with 20, 30, and even 40 years of service with
First Bank. In 2014, we had several tenured employees
celebrate milestone anniversaries. Our vast reservoir of
intellectual capital is seen through our seasoned employees,
as well as the significant investment we’ve made in hiring
the brightest professionals.
What’s more, we are dedicated to our communities. In
2014, our employees enhanced our charitable contributions
by performing nearly 11,000 volunteer hours, setting a
new record! Our employees have a passion for their work
and a true dedication to First Bank and their clients. This
exemplifies our unique culture. Once you’re here, you’re
part of the First Bank family.
Our Products: Innovative Solutions
Since 1910, First Bank has always been committed to
tailoring solutions and services to meet our clients’ needs.
In order to continue to meet our clients’ needs now – and
well into the future – First Bank initiated the introduction
of new products, expanded capabilities and, of course,
introduced innovative, new technological platforms and
services. Our new technology investments far surpassed any
we had initiated in years past. We didn’t grow to be one of
the largest, family-owned banks by standing still. This still
holds true today.
In 2014, we launched mobile deposit. We also introduced a
Mortgage Online portal allowing for more convenient access to
account information as well as the ability to make payments.
We continue to move forward with security enhancements.
We are committed to utilizing the latest tools in fraud-
monitoring and data security. The security of our clients’
information is a priority at First Bank.
Lastly, we will roll out an entirely new, more robust,
FirstBanks.com in the upcoming year. With enhanced
features, the new website will encompass what we
continually strive to do: make your banking easier.
Our Future: Your Future
Helping clients reach their goals is always our goal.
Rest assured, with excitement and purpose, we’ll continue
to prosper, grow, and innovate as your bank of choice.
Come, experience what it means to be a part of First Bank.
First Bank: A Partner for the Future
4. For over four generations, the Dierberg
family’s commitment to First Bank has
served as an unwavering compass, always
guiding us in the right direction. And,
throughout our 100-year legacy, one
constant remains: First Bank is woven
within the very fabric of the Dierberg
family history. Our family-owned bank is
deep-rooted in heritage, strength, and client
relationships – relationships often spanning
the course of multiple generations because of
the continued strength and commitment of
a century of single-family ownership.
We think you’ll find banking is different
here. The unique culture of the Dierberg
family ownership truly sets us apart from
our counterparts in the industry. Clients
and associates of First Bank are treated
like family; quite simply, because we are
family.
Experience the First Bank difference.
James F. Dierberg (seated), Michael J. Dierberg, and Ellen Dierberg Milne
5. Diana Siciliano, Sr. Vice President, Wealth Advisor;
Dan Fan, Director, Sr. Vice President, Wealth
Management Planning; and Bill Dolan, Sr. Vice President,
Portfolio Management
One of the many strengths of First Bank lies in our ability
to assess and properly direct our clients to the appropriate
service areas within the bank. First Bank wants to ensure we
are always serving clients in the best manner possible. That’s
why our knowledgeable staff is always seeking new, innovative
solutions, tailored to meet the needs of all our clients. We’re
proud to highlight a small portion of our clients’ success
stories with First Bank as their trusted partner.
• A long-term client was referred to the First Bank Wealth
Management Group by one of our branch managers
in Malibu, CA. The branch manager recommended
the client meet with the Wealth Management Group
to discuss options for the large cash deposit the client
had at the branch. His goal was to secure a better
return on his cash reserves; however, he was sincerely
concerned about investing in today’s current market
environment. The Wealth Management team went to
work finding a better solution to meet the client’s needs
utilizing holistic, goal-based methodology. After deeper
discoveries and discussions with the Wealth Management
Group, the client found an investment strategy that
worked with his overall needs.
• A busy client with his own growing medical practice in
Illinois, with little time to map out a wealth planning
strategy, came to us in need of direction. During our
discovery sessions, the Wealth Management team
discovered the client not only needed a financial
plan, but also a secure insurance and retirement plan.
Fortunately, First Bank Wealth Management Group has
a knowledgeable Insurance Principal on staff and was
able to get the client approved for:
n A life insurance protection policy;
n A disability insurance policy to protect 100% of the
client’s pay.
The physician was also introduced to a senior Financial
Consultant with First Brokerage America, a First Bank
affiliate. First Brokerage was able to provide an annuity for
the needs of the client and set up a SEP-IRA account (self-
employed retirement account) and the Wealth Management
Group continues to work with the physician to create a
comprehensive financial plan and strategy. Our wide range
of services, coupled with bank-wide collaborative efforts,
were able to meet the client’s broad financial needs.
Investing in Solutions
6. Joe Ambrose, First Bank President, Midwest; and
Gene Todd, Managing Director, First Bank Wealth Management
7. At First Bank, we invest in client relationships to further
grow and build our partnerships. We commit to providing
objective and comprehensive solutions. Just take a look
at the many ways we’ve helped our clients thrive in
their endeavors. Our goal is to help make our clients’
dreams come true, as presented in these success stories.
• One of the San Mateo branch’s largest clients wished
to purchase his dream business. Even though our client
had been working in the limo business for over thirty
years, his goal was to return to the restaurant business he
had grown up in. His vision was to own and operate a
family business that would not only employ himself, but
also his wife and daughter. The restaurant he wanted
to open was in his hometown of North Beach. He had
long discussed purchasing one of the iconic North Beach
restaurants from his good friend. However, once he decided
to sell to our client, he was given a very short window
of time to come up with the purchase price–only two
months! Given the appropriate programs that applied
to his situation, along with the short time frame, the
commercial lenders at First Bank went to work to develop
fast, creative solutions to meet his needs. The result?
The client was able to successfully purchase and own the
business of his dreams. When you ask the client about First
Bank, he will tell you “they made my dream come true.”
• A leading cyber security company in Southern California
was in need of a higher credit limit and more flexibility in
its borrowing base to help support growth. One of our
existing clients in a similar industry expressed how well First
Bank understood and could service that industry. First Bank
was able to respond quickly with a proposal that met the
company’s needs, providing a structure that offered more
credit availability, and addressing other key areas that were
important to the CEO. As a result, the Company selected
First Bank and felt we were the best fit for their business. “I
wanted to go with the family-owned First Bank that ‘gets’
my industry,” commented the CEO. “I feel I’ll get better
service.” Through our collaborative process, we were able
to provide the client with his needed revolving line of credit
to maintain cash flow during off-peak times. Plus, during
our discovery phase, he also indicated his need for treasury
management and insurance services to assist in streamlining
his business. Happily, First Bank was able to provide the
services he needed to further grow and develop his business.
• A successful businessman, real estate investor, and
a multi-generational client of First Bank wished to
purchase a shopping center in the Los Angeles area for
further development. The center, an important part of
the community, provided convenient shopping access
and commerce to the area. Since First Bank offers a
multi-pronged approach to providing client solutions,
we were able to provide the client a revolving line of
credit, wealth management services, a private banking
line of credit, along with insurance and trust services.
Dave Hopkins, Sr. Vice
President, First Bank; and
Dale Hamil, President,
Illinois Electric Works
“ If we need money to expand or to hire
more employees, we call First Bank.
They’ve never let us down.”
– Dale Hamil, Illinois Electric Works
Norman Roy, Owner, Weir
Chevrolet;-GMC and
Stuart Langrehr, Vice
President, First Bank
“Working with First Bank is like working
with a friend. They know my financials
better than I do.”
– Norman Roy, Weir Chevrolet-GMC
Investing in Solutions
8. General William Lyon, Lyon Air Museum, William Lyon Homes;
John Grauten, First Bank President, California;
and William Lyon Jr., William Lyon Homes
“First Bank understands the unique
needs of our business and has helped
us with some very creative solutions
during our long history with the bank.”
– General William Lyon, Founder, Lyon Air Museum;
Chairman of the Board, William Lyon Homes
9. • A Midwest nonprofit senior living facility–providing
skilled nursing, assisted, and independent living services–
was gifted a skilled nursing facility by another nonprofit
organization that has operated the facility for 30 years. The
new operator wished to renovate, update, and increase
awareness of the facility to position the home to provide
high-quality care for years to come. First Bank’s Healthcare
Banking Group, together with our Treasury Management
services division, worked closely with the client to arrange a
renovation loan, a working capital facility, and much-needed
business services. Because of our commitment to the markets
in which we serve, our healthcare expertise, and a dedicated,
community focus, the new operators are now able to ensure
the facility will provide needed care to the senior community
for years to come.
• A developer came to us through a referral from a
nationally well-known mortgage banker servicing the senior
housing industry. He felt this client would benefit from our
solutions-based lending approach. Unfortunately, this client
didn’t qualify for any government-based financing programs
to develop a new senior living facility. What’s more, his
new entry into the senior housing market presented an
additional challenge for financing. We quickly went to work
to find a solution that was just right for him. The First Bank
commercial lenders partnered alongside our construction
lending group, with relationship managers experienced in
managing such projects, to develop a solution tailored to fit
his needs. The result? We successfully provided the necessary
funding for him to enter into the senior housing market.
What’s more, the Wealth Management Group recognized his
need for a sound, financial plan to protect his future business
and personal needs. We’re excited to announce the client is
now building the second of four communities, realizing his
dream of developing senior living facilities.
• A COO of a local beverage distributor decided he
wanted to be his own boss and acquire a business to call
his own. Eventually, he found a business that sparked his
interest and approached First Bank about assisting with the
financing. Due to the makeup of the business, conventional
financing would have proved very difficult. The client, at the
urging of an advisory firm he was working with, suggested
the possibility of a specialized loan product to help facilitate
the transaction. We consulted within all expertise areas of
the Bank, and worked together with our SBA group and
the client’s advisors to structure a solution. Not only did
the client get his needed financing, but he was also able to
acquire his new business quickly. Since we tailor holistic
solutions for our clients, the Wealth Management Group
assisted in providing goal-based wealth planning for the
client. Our Treasury Management services created a much-
needed upgrade to the cash management systems in place at
the client’s new company. In addition, the client enjoys the
assistance of First Bank’s Private Banking management of his
personal finances, enabling him to focus on his new business.
“It’s great to have a bank that wants to partner
with you and help you be successful.”
– PastorTom Westerfield, South Coast Christian Church
Jim Babbage, Sr. Vice
President, First Bank; Pastor
Tom Westerfield, South
Coast Christian Church;
and Therese DeGroot,
Managing Director, First
Bank Religious Lending
Investing in Solutions
Gene Seip, Sr. Vice President
and Michael Law, Sr. Vice
President of First Bank, with
Houshang Vala, Controller;
Marta Hall, President; and
David Hall, Founder and CEO
of Velodyne Acoustics, Inc.
“First Bank is always ready to listen and
work to solve our needs.”
– Houshang Vala, Velodyne Acoustics, Inc.
10. Ken Eisler, Senior Vice President, Small Business Banking;
Kelly Dulle, Senior Vice President, Treasury Management;
Joseph Jeong, Senior Vice President, Small Business Banking; and
Steve Fiata, Senior Vice President National Business Banking Sales
We celebrate small business and believe it’s the foundation
for growth and prosperity. First Bank is committed to
helping small businesses thrive and grow, offering tailored
solutions to meet their changing needs. We don’t assume a
one-size-fits-all approach with our small business partners.
• A small auto repair facility wished to open a second
location in Missouri, in order to expand and grow their
business. They were already running a successful operation
and had been a client of First Bank for many years.
We worked with the owner to determine the available
reserves he had for a down payment, along with a reduced
requirement for an equity injection. His project included
the acquisition of commercial real estate, renovations to
the property, and new equipment. We structured a loan
to allow the owner to combine all of these items into a
first and second deed of trust loan, with the second deed
of trust loan having a fixed interest rate for 20 years. We
also structured the second loan to be interest only until all
renovations were completed to assist the client with cash
flow during the construction phase. The small business
owner was able to successfully expand and grow his
established business.
• Our client needed a way to finance a frozen yogurt
franchise in the area. First Bank’s business banking officer
suggested a loan alternative and worked diligently with
the client to guide them through the process. First Bank
was able to finance the majority of the start-up costs,
while minimizing the client’s out-of-pocket investment.
First Bank also helped secure affordable term life
insurance policies through our First Brokerage affiliate.
This entrepreneur was able to realize her dream of starting
a multi-location franchise.
• A latex glove manufacturer in Southern California
was banking with a large, China-based bank and found
it difficult to get the necessary increases to their line of
credit. After meeting with the client and his management
team, they were impressed with the quality of service
offered by First Bank, along with the turnaround time of
the localized loan approval process. The small business
owner is now able to expand the operations quickly in
order to meet the changing needs of the business.
Investing in Solutions
11. First Bank remains dedicated to serving the communities in
which we live, work, and do business. Over the past year, First
Bank has invested more than $149 million in community
development loans and charitable programs, helping more
than 370 organizations provide a range of services, including
housing, workforce development, micro-lending, and education
to underprivileged individuals, especially children and seniors.
During the same time period, our employees enhanced those
contributions by performing nearly 11,000 volunteer hours.
In everything we do, we strive to be a good corporate citizen
and encourage our employees to do the same by engaging in
meaningful volunteer activities and projects for a variety of
charities. In doing so, we reinforce our responsibility to the
communities in which we serve, with a passion for serving.
Junior Achievement, Southern Illinois and Greater St. Louis
Junior Achievement (JA) is dedicated to educating
students about entrepreneurship, work readiness, and
financial literacy through experiential, hands-on programs.
These programs empower students by helping them
discover tools to succeed.
First Bank is a financial supporter of JA and a corporate
business partner of JA Biz Town. We provided over 60
volunteers that taught 300 hours of financial literacy to
students in the Southern Illinois and Greater St. Louis areas.
Habitat For Humanity OC, Orange County
Habitat for Humanity of Orange County is dedicated to
eliminating sub-standard housing locally and worldwide
through constructing, rehabilitating, and preserving
homes; by advocating for fair and just housing policies;
and by providing training and access to resources to help
families improve their shelter conditions.
First Bank is a financial supporter and mortgage loan
partner. We provided over 75 volunteer hours serving on
the Board, chaired the Leaders Build Day Committee, and
assisted in securing funds for ongoing build projects.
Asian Women’s Resource
Center – Gum Moon,
San Francisco
Asian Women’s Resource
Center (AWRC) addresses
the unmet needs of
women and children in
geographic and social
transition. In providing
a safe sanctuary to live
in and programs that
develop life skills, Gum
Moon empowers these
individuals, fostering
stability, self-reliance,
self-determination, and full
access to opportunity.
First Bank has provided funding and acted as a corporate
partner for over 10 years. We provided over 155 volunteer
hours serving on the Board, soliciting sponsors, and
securing donations for fundraising events, and teaching
financial literacy programs.
Jonathan Roberts, Executive Vice President, Retail and Business
Banking; and Bill Kusman, President, First Bank Mortgage
First Bank Mortgage wants to make the dream of home ownership
a reality by investing in tailored solutions to meet the needs of
homeowners. We commend those who seek further advancement
in their careers through education. Our First Bank Mortgage
Professionals Program helps future professionals purchase a
home without the customary pre-requisite of two years of secure
employment. You see, we consider professional training part of the
requirement, allowing us to help those new in their careers – or even
newly relocated professionals – buy homes. We recently helped a
professional couple relocating to St. Louis in purchasing an upscale
condominium. Since both held professional degrees, allowing them to
participate in the program, we secured financing with only 5% down
and devoid of PMI (private mortgage insurance), saving the couple
considerable money over the life of the loan. What’s more, since the
couple was embarking on a new journey with new jobs in a new city,
they needed to find a banking partner to handle their transferred
checking and savings accounts, establish direct deposit with their new
employer, and assist in establishing an updated financial plan. We met
their unique needs through collaboration and tailored solutions.
Investing in Solutions
Investing in Communities
Gum Moon’s children preparing for
Asian Day festivities.
12. CONSOLIDATED BALANCE SHEETS
December 31 (Dollars expressed in thousands, except share and per share data) 2014 2013
ASSETS
Cash and cash equivalents:
Cash and due from banks $ 100,349 92,369
Short-term investments 105,053 98,066
Total cash and cash equivalents 205,402 190,435
Investment securities:
Available for sale 1,445,689 1,611,745
Held to maturity (fair value of $614,272 and $719,183, respectively) 618,148 740,186
Total investment securities 2,063,837 2,351,931
Loans:
Commercial, financial and agricultural 695,267 600,704
Real estate construction and development 89,851 121,662
Real estate mortgage 2,315,186 2,091,026
Consumer and installment 18,950 18,681
Loans held for sale 31,411 25,548
Net deferred loan fees (1,422) (526)
Total loans 3,149,243 2,857,095
Allowance for loan losses (66,874) (81,033)
Net loans 3,082,369 2,776,062
Federal Reserve Bank and Federal Home Loan Bank stock 30,458 27,357
Bank premises and equipment, net 123,016 124,328
Deferred income taxes 312,575 315,881
Other real estate 55,666 66,702
Other assets 62,196 66,287
Total assets $ 5,935,519 5,918,983
LIABILITIES
Deposits:
Noninterest-bearing demand $ 1,303,519 1,243,545
Interest-bearing demand 710,958 679,527
Savings and money market 1,909,150 1,844,710
Time deposits of $100 or more 354,717 389,056
Other time deposits 571,160 657,057
Total deposits 4,849,504 4,813,895
Securities sold under agreements to repurchase 64,875 43,143
Subordinated debentures 354,286 354,210
Deferred income taxes 40,728 28,397
Accrued expenses and other liabilities 113,682 191,082
Total liabilities 5,423,075 5,430,727
STOCKHOLDERS’ EQUITY
First Banks, Inc. stockholders’ equity:
Preferred stock:
Class A convertible, adjustable rate, $20.00 par value,
750,000 shares authorized, 641,082 shares issued and outstanding 12,822 12,822
Class B adjustable rate, $1.50 par value, 200,000 shares authorized,
160,505 shares issued and outstanding 241 241
Class C fixed rate, cumulative, perpetual, $1.00 par value,
295,400 shares authorized, issued and outstanding 295,400 295,400
Class D fixed rate, cumulative, perpetual, $1.00 par value,
14,770 shares authorized, issued and outstanding 17,343 17,343
Common stock, $250.00 par value, 25,000 shares authorized,
23,661 shares issued and outstanding 5,915 5,915
Additional paid-in capital 12,480 12,480
Retained earnings 64,374 42,719
Accumulated other comprehensive income 10,111 7,502
Total First Banks, Inc. stockholders’ equity 418,686 394,422
Noncontrolling interest in subsidiary 93,758 93,834
Total stockholders’ equity 512,444 488,256
Total liabilities and stockholders’ equity $ 5,935,519 5,918,983
The notes contained in our 2014 Annual Report on Form 10-K are an integral part of the consolidated financial statements. To request a copy, please call 800-760-2265.
13. CONSOLIDATED STATEMENTS OF INCOME
Years ended December 31 (Dollars expressed in thousands, except share and per share data) 2014 2013 2012
Interest income:
Interest and fees on loans $ 118,242 118,015 142,003
Investment securities:
Taxable 48,289 52,199 56,547
Nontaxable 150 246 287
Federal Reserve Bank and Federal Home Loan Bank stock 1,442 1,216 1,146
Short-term investments 605 1,134 820
Total interest income 168,728 172,810 200,803
Interest expense:
Deposits:
Interest-bearing demand 418 368 437
Savings and money market 3,210 2,679 3,518
Time deposits of $100 or more 1,910 2,274 4,010
Other time deposits 2,713 3,738 6,817
Other borrowings (8) (9) (18)
Subordinated debentures 12,935 15,054 14,847
Total interest expense 21,178 24,104 29,611
Net interest income 147,550 148,706 171,192
(Benefit) provision for loan losses (7,000) (5,000) 2,000
Net interest income, after (benefit) provision for loan losses 154,550 153,706 169,192
Noninterest income:
Service charges on deposit accounts and client service fees 34,530 34,320 36,078
Gain on loans sold and held for sale 5,839 5,041 12,931
Net gain on investment securities 1,686 36 1,306
Net gain on sale of other real estate 1,640 6,005 2,626
(Decrease) increase in fair value of servicing rights (3,568) 439 (5,475)
Loan servicing fees 6,644 6,948 7,403
Other 9,269 11,188 9,766
Total noninterest income 56,040 63,977 64,635
Noninterest expense:
Salaries and employee benefits 82,205 78,141 75,205
Occupancy, net of rental income 22,950 23,302 21,899
Furniture and equipment 10,559 10,951 11,409
Postage, printing and supplies 2,300 2,470 2,586
Information technology fees 21,670 20,236 21,103
Legal, examination and professional fees 5,534 7,177 8,828
Goodwill impairment — 107,267 —
Advertising and business development 2,750 2,542 1,994
FDIC insurance 5,004 6,609 11,313
Write-downs and expenses on other real estate 4,322 5,676 18,672
Other 19,558 21,113 26,155
Total noninterest expense 176,852 285,484 199,164
Income (loss) fromcontinuingoperations,before provision (benefit) for income taxes 33,738 (67,801) 34,663
Provision (benefit) for income taxes 12,159 (288,501) (139)
Net income from continuing operations, net of tax 21,579 220,700 34,802
Income (loss) from discontinued operations, net of tax — 21,223 (8,821)
Net income 21,579 241,923 25,981
Less: net (loss) income attributable to noncontrolling interest in subsidiary (76) 179 (297)
Net income attributable to First Banks, Inc. $ 21,655 241,744 26,278
Preferred stock dividends declared — 15,869 18,886
Accretion of discount on preferred stock — 3,643 3,554
Net income available to common stockholders $ 21,655 222,232 3,838
Basic earnings per common share from continuing operations $ 915.24 8,495.35 535.03
Diluted earnings per common share from continuing operations $ 788.38 8,495.35 535.03
Basic earnings per common share $ 915.24 9,392.31 162.22
Diluted earnings per common share $ 788.38 9,392.31 162.22
Weighted average shares of common stock outstanding 23,661 23,661 23,661
The notes contained in our 2014 Annual Report on Form 10-K are an integral part of the consolidated financial statements. To request a copy, please call 800-760-2265.
14. Board of Directors
James F. Dierberg
Chairman of the Board
First Banks, Inc.
James A. Cooper
Senior Managing Partner,
Thompson Street Capital
Partners
Board Member:
First Banks, Inc.
Ellen Dierberg Milne
Board Member:
First Banks, Inc.
Michael J. Dierberg (1)
Vice Chairman of the Board,
First Banks, Inc.
Douglas H. Yaeger
Retired Chairman,
President and
Chief Executive Officer,
The Laclede Group, Inc.
Board Member:
First Banks, Inc.
Allen H. Blake
Retired President and
Chief Executive Officer,
First Banks, Inc.
Board Member:
First Banks, Inc.
First Bank
John S. Poelker
President,
The Poelker Consultancy, Inc.
Board Member:
First Banks, Inc.
Shelley J. Seifert (1)
Executive Vice President
Chief Administrative Officer
Board Member:
First Bank
Guy Rounsaville, Jr.
Former Director of Diversity,
Allen Matkins Leck Gamble
Mallory & Natsis LLP
Board Member:
First Banks, Inc.
Lisa K. Vansickle (1)
Executive Vice President,
Chief Financial Officer
Board Member:
First Bank
Timothy J. Lathe (1)
President and
Chief Executive Officer,
First Banks, Inc.
Chairman of the Board,
President and Chief
Executive Officer, First Bank
Gary S. Pratte
Retired Executive Vice
President and Chief Credit
Officer, First Bank
Board Member:
First Bank
(1) Member of First Banks, Inc. Management Committee
Farewell, Thank You, and Best Wishes!
After two decades,Terry McCarthy, First Bank’s CEO, announced his
retirement from First Bank.Terry’s extensive contributions and leadership to
First Bank were invaluable. His dedication, commitment, and outstanding
leadership to First Bank helped shape it to be the organization that it is today
and, most importantly, what it will become tomorrow. We celebrate the
contributions and achievements throughoutTerry’s career and the entire team
at First Bank.
15. MANAGEMENT COMMITTEE
CLIENT POINTS OF CONTACT
COMMERCIAL BANKING
Catherine T. Campbell
Senior Vice President
Middle Market Banking
Debra S. Hellmann
Senior Vice President
Corporate Banking
David E. Hopkins
Senior Vice President, Southern Illinois
Robert A. Jondall
Senior Vice President, San Diego
R. Michael Law
Senior Vice President
Walnut Creek, Sacramento
George P. McCullagh
Senior Vice President, San Francisco
William B. Nethercott
Senior Vice President, Warner Center,
Santa Barbara
Richard C. Reid
Senior Vice President, Orange County,
Long Beach
Stephen J. Sainz
Senior Vice President
Healthcare Banking
Stuart J. Langrehr
Vice President
Agricultural Lending
TRUST & INVESTMENT
MANAGEMENT
Harvey Brandvein
Senior Vice President
Insurance Principal
Daniel C. Fan
Senior Vice President
Wealth Management Planning
William E. Dolan
Senior Vice President
Portfolio Management
Sheila F. Hester
Senior Vice President
Employee Benefit Plans
David A. Presson
Senior Vice President
Portfolio Management
COMMERCIAL REAL ESTATE
Debra J. Carpenter
Senior Vice President, Southern California
Gregory M. Fuesting
Senior Vice President, St. Louis
Thomas M. Lynn
Senior Vice President, Northern California
SMALL BUSINESS BANKING
Steven Fiata
Senior Vice President
National Business Banking Sales
Kenneth B. Eisler
Senior Vice President
Sales Manager - Midwest
Joseph J. Jeong
Senior Vice President
Sales Manager - California
Steven K. Pratt
Senior Vice President
Business Credit Center
RELIGIOUS LENDING
Therese M. DeGroot
Managing Director
MORTGAGE BANKING
Kathy J. Alexander
Senior Vice President
Loan Operations
Judith A. Schmersahl
Senior Vice President
Loan Administration
RETAIL BANKING
Anne V. Lee
Retail President, Florida
Lisa M. Blamy
Senior Vice President
Midwest Retail Director
Peter A. Goetze
Senior Vice President, Northern California
Julie K. Laurent
Senior Vice President, Illinois
Michael J. Arcari
Senior Vice President, Southern California
Casey L. Mattos
Senior Vice President, Southern California
Elizabeth A. Modesitt
Vice President In-Store
Kumar A. Tuteja
Senior Vice President, St. Louis Central
Kimberly K. Weishaupt
Senior Vice President St. Louis North
FIRST BROKERAGE AMERICA,
L.L.C.
Bruce M. Stava
Senior Vice President
Program Manager
Joseph T. Ambrose
President, Midwest
John S. Grauten
President, California
William A. Kusman
President, First Bank Mortgage
John H. Montgomery
Executive Vice President
Chief Credit Officer
Jonathan W. Roberts
Executive Vice President
Director of Retail & Business
Banking
S. Monique Dattilo
Senior Vice President
Operations
Kelly Dulle
Senior Vice President
Treasury Management
Edward D. Furman
Senior Vice President
Chief Investment Officer
Michael J. Normile
Senior Vice President
Controller
Laura A. Owens
Senior Vice President
Director of Risk Management and
Audit
Gene R. Todd
Senior Vice President
Managing Director
Wealth Management
Peter D. Wimmer
Senior Vice President
General Counsel and Corporate
Secretary
16. First Banks, Inc.: 135 North Meramec, St. Louis, Missouri 63105 • (800) 760-2265 • firstbanks.com
You don’t grow to be one of the biggest family-
owned banks by standing still. And you don’t
do business for 100-plus years by forgetting
where you came from, or who you’re here to
serve. Because helping clients reach their
goals is our goal, and planning better for
tomorrow starts with achieving more today.
For individuals, for businesses, and for the
whole community.
This is what it means to be a part of First Bank.
Where being treated like family means
something.Where the success of our clients means
everything. And where relationships come first.
