Employer Services

Payroll Direct Deposit Origination

Payroll Direct Deposit is a unique employee benefit that offers convenience, reliability and security, while saving you money.

Employees complete a form authorizing you to make payroll deposits into their checking or savings account. Using Payroll Direct Deposit, you deposit your employees' pay automatically into their account via the Automated Clearing House (ACH) network. At the end of the pay period, the necessary payroll information is transferred electronically to First Bank for processing. Your employees receive credit for their payroll amounts on payday.

Direct Deposit is more reliable than traditional payroll methods and convenient for both employer and employee. Paychecks issued to employees can be lost or stolen, creating stop payment problems for you. Direct Deposit eliminates these problems. In addition, your payroll account will only have one debit for the entire amount of your payroll, which will reduce the amount of time you spend on account reconciliation.

Please contact your branch for additional information regarding the Payroll Direct Deposit Origination.

Preferred Employer Plan

As an added bonus to good commercial customers, First Bank may offer a special benefit they can pass along to their employees. We call this our "Preferred Employer Plan." When an employer has a substantial banking relationship with First Bank, they may offer their employees a free banking services package.

Employees of a qualified business offering the PEP program will remain qualified to receive the account benefits as long as they remain employed by a qualified employer.

Employees of a qualified employer participating in the PEP program may receive:

1. One interest-bearing Income Checking with no monthly fee
2. First order of 200 First Bank "Image" checks free
3. Immediate application for a First Bank debit card
4. Immediate access to free Telephone and Internet Banking
5. Immediate access to free online banking through PowerNET
6. Three months of free Bill Pay service
7. Upon opening their new Income Checking account, First Bank will deposit $1 into the account to hold it open while the Employer activates direct payroll deposit.
8. Employee Participants receive regular offers for discounts on loans, safe deposit boxes, and other bank products.

Please contact your branch for additional information regarding the Preferred Employer Plan.

Simplified Employee Pension (SEP) IRA

A Simplified Employee Pension Plan is a pension plan established through the bank by a business to help provide a secure retirement for its employees. The employer makes contributions to the employees' IRAs and these contributions are deductible by the business. A SEP is easy to administer because First Bank maintains the plan and all transaction records required by the IRS.

Please contact your branch for additional information regarding the Simplified Employee Pension Plan.