business review - 2014

Strengthened by experience.Steadied by heritage.

2014 Business Review

“ 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 LathePresident and Chief Executive Officer, First Banks, Inc.;

Chairman of the Board, President and Chief Executive Officer, First Bank

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

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

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

Joe Ambrose, First Bank President, Midwest; and Gene Todd, Managing Director, First Bank Wealth Management

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 andStuart 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


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

• 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.”

– Pastor Tom 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


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.

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.


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. LouisJunior 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 CountyHabitat 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 FranciscoAsian 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 Communities

Gum Moon’s children preparing for Asian Day festivities.

CONSOLIDATED BALANCE SHEETSDecember 31 (Dollars expressed in thousands, except share and per share data) 2014 2013

ASSETSCash and cash equivalents: Cash and due from banks $ 100,349 92,369 Short-term investments 105,053 98,066 Total cash and cash equivalents 205,402 190,435Investment 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 2,351,931Loans: 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 2,776,062Federal Reserve Bank and Federal Home Loan Bank stock 30,458 27,357Bank premises and equipment, net 123,016 124,328Deferred income taxes 312,575 315,881Other real estate 55,666 66,702Other assets 62,196 66,287 Total assets $ 5,935,519 5,918,983

LIABILITIESDeposits: 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 4,813,895Securities sold under agreements to repurchase 64,875 43,143Subordinated debentures 354,286 354,210Deferred income taxes 40,728 28,397Accrued expenses and other liabilities 113,682 191,082 Total liabilities 5,423,075 5,430,727

STOCKHOLDERS’ EQUITYFirst 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 418,686 394,422Noncontrolling 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.

CONSOLIDATED STATEMENTS OF INCOMEYears ended December 31 (Dollars expressed in thousands, except share and per share data) 2014 2013 2012Interest 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) from continuing operations, before provision (benefit) for income taxes 33,738 (67,801) 34,663Provision (benefit) for income taxes 12,159 (288,501) (139) Net income from continuing operations, net of tax 21,579 220,700 34,802Income (loss) from discontinued operations, net of tax — 21,223 (8,821) Net income 21,579 241,923 25,981Less: net (loss) income attributable to noncontrolling interest in subsidiary (76) 179 (297) Net income attributable to First Banks, Inc. $ 21,655 241,744 26,278Preferred stock dividends declared — 15,869 18,886Accretion of discount on preferred stock — 3,643 3,554 Net income available to common stockholders $ 21,655 222,232 3,838Basic earnings per common share from continuing operations $ 915.24 8,495.35 535.03Diluted earnings per common share from continuing operations $ 788.38 8,495.35 535.03Basic earnings per common share $ 915.24 9,392.31 162.22Diluted earnings per common share $ 788.38 9,392.31 162.22Weighted 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.

Board of DirectorsJames F. DierbergChairman of the BoardFirst Banks, Inc.

James A. CooperSenior Managing Partner,Thompson Street CapitalPartners

Board Member:First Banks, Inc.

Ellen Dierberg MilneBoard Member:First Banks, Inc.

Michael J. Dierberg (1)Vice Chairman of the Board,First Banks, Inc.

Douglas H. YaegerRetired Chairman, President andChief Executive Officer,The Laclede Group, Inc.


Allen H. BlakeRetired President and Chief Executive Officer, First Banks, Inc.

Board Member:First Banks, Inc. First Bank

John S. PoelkerPresident, The Poelker Consultancy, Inc.


Shelley J. Seifert (1)Executive Vice PresidentChief Administrative Officer

Board Member:First Bank

Guy Rounsaville, Jr.Former Director of Diversity,Allen Matkins Leck Gamble Mallory & Natsis LLP


Lisa K. Vansickle (1)Executive Vice President,Chief Financial Officer


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. PratteRetired Executive Vice President and Chief Credit Officer, 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 throughout Terry’s career and the entire team at First Bank.

MANAGEMENT COMMITTEE

CLIENT POINTS OF CONTACT

COMMERCIAL BANKINGCatherine T. CampbellSenior Vice PresidentMiddle Market BankingDebra S. HellmannSenior Vice PresidentCorporate BankingDavid E. HopkinsSenior Vice President, Southern IllinoisRobert A. JondallSenior Vice President, San DiegoR. Michael LawSenior Vice PresidentWalnut Creek, SacramentoGeorge P. McCullaghSenior Vice President, San FranciscoWilliam B. NethercottSenior Vice President, Warner Center,Santa BarbaraRichard C. ReidSenior Vice President, Orange County, Long BeachStephen J. SainzSenior Vice PresidentHealthcare BankingStuart J. LangrehrVice PresidentAgricultural Lending

TRUST & INVESTMENT MANAGEMENTHarvey BrandveinSenior Vice PresidentInsurance PrincipalDaniel C. FanSenior Vice PresidentWealth Management PlanningWilliam E. DolanSenior Vice PresidentPortfolio ManagementSheila F. HesterSenior Vice PresidentEmployee Benefit PlansDavid A. PressonSenior Vice PresidentPortfolio ManagementCOMMERCIAL REAL ESTATEDebra J. CarpenterSenior Vice President, Southern CaliforniaGregory M. FuestingSenior Vice President, St. LouisThomas M. LynnSenior Vice President, Northern California

SMALL BUSINESS BANKINGSteven FiataSenior Vice PresidentNational Business Banking SalesKenneth B. EislerSenior Vice PresidentSales Manager - MidwestJoseph J. JeongSenior Vice PresidentSales Manager - CaliforniaSteven K. PrattSenior Vice PresidentBusiness Credit Center

RELIGIOUS LENDINGTherese M. DeGrootManaging Director

MORTGAGE BANKINGKathy J. AlexanderSenior Vice PresidentLoan OperationsJudith A. SchmersahlSenior Vice PresidentLoan Administration

RETAIL BANKINGAnne V. LeeRetail President, FloridaLisa M. BlamySenior Vice PresidentMidwest Retail DirectorPeter A. GoetzeSenior Vice President, Northern CaliforniaJulie K. LaurentSenior Vice President, IllinoisMichael J. ArcariSenior Vice President, Southern CaliforniaCasey L. MattosSenior Vice President, Southern CaliforniaElizabeth A. ModesittVice President In-StoreKumar A. TutejaSenior Vice President, St. Louis CentralKimberly K. WeishauptSenior Vice President St. Louis North

FIRST BROKERAGE AMERICA, L.L.C.Bruce M. StavaSenior Vice PresidentProgram Manager

Joseph T. AmbrosePresident, Midwest

John S. GrautenPresident, California

William A. KusmanPresident, First Bank Mortgage

John H. MontgomeryExecutive Vice PresidentChief Credit Officer

Jonathan W. RobertsExecutive Vice PresidentDirector of Retail & Business Banking

S. Monique DattiloSenior Vice PresidentOperations

Kelly DulleSenior Vice PresidentTreasury Management

Edward D. FurmanSenior Vice PresidentChief Investment Officer

Michael J. NormileSenior Vice PresidentController

Laura A. OwensSenior Vice PresidentDirector of Risk Management and Audit

Gene R. ToddSenior Vice PresidentManaging DirectorWealth Management

Peter D. WimmerSenior Vice PresidentGeneral Counsel and Corporate Secretary

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.

business review - 2014

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