Additional funding for PPP loans is now available from the SBA . We continue to accept and process applications for submittal to the SBA. If you are interested in applying for a PPP loan, you can learn more and apply here.
We expect to re-open all lobbies on Monday, June 8 and will be so happy to see you again. We will be practicing CDC guidance including wearing masks and social distancing. We encourage making appointments if you need to see a bank associate. Our drive-thrus continue to be available during normal business hours.
Funding for PPP loans is still available from the SBA and we continue to accept and process applications. If you are interested in applying, you can learn more and APPLY HERE.
In a Traditional IRA, you won't pay taxes on your earnings until you withdraw money, which means this IRA can be beneficial if you think you'll be in a lower tax bracket in retirement. Keep in mind, you're required to start taking distributions at age 70½.
First Bank and Trust helps customers in Louisiana, Mississippi and Florida save for retirement using Traditional and Roth IRAs with competitive rates of return. Before opening an IRA, please consult your tax advisor for full details about its tax implications. These are some important guidelines about Traditional IRAs.
Maximum Annual Contribution
Tax-Deductibility of Contributions
Qualified Early Withdrawals
Withdrawals before age 59½ are subject to income taxes plus a federal penalty for premature distributions, unless the withdrawal involves one of these criteria:
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