Individual Retirement Account (IRA)

First Bank offers a variety of retirement accounts, including Traditional IRAs, Roth IRAs, Simplified Employee Pension (SEP) Plans and the Coverdell Education Savings Account. These accounts can be opened with fixed or variable rates.

Traditional IRA

Contributions may be deductible and earnings grow tax deferred.

Roth IRA

The Roth IRA gives you the ability to invest your after-tax dollars today, let the investment grow tax-deferred, and withdraw your principal and earnings tax-free after five years.

SEP Plan

Amounts contributed remain tax-deferred, as do their earnings, until withdrawn.

Coverdell Education Savings

Contributions and earnings are tax-free when withdrawn to pay for qualified education expenditures.

IRA Savings Account

This savings retirement plan is designed for those just starting their IRA investment and want to build their nest egg with small, regular investments. This is a variable-rate IRA with a minimum of $100 to open.

Health Savings Account

Contributions, distributions and earnings are tax-free when withdrawn to pay for qualified medical expenses. This account offers tiered interest rates based on balance, and funds are accessible by means of traditional checks or a Visa Check Card.

Fixed-Rate IRAs

First Bank secures your IRA investment in a 2-, 3-, 4-, 5-, or 7-year fixed-rate CD. There is a minimum of $1,000 to open a fixed-rate IRA.

Variable-Rate IRAs

First Bank offers an 18-month variable-rate CD. There is a minimum of $1,000 to open, and a guaranteed minimum rate is declared when the account is opened.

Online Banking

Did You Know?

You can deposit checks online using a scanner. You can deposit checks online.
Learn more

Dept. Contacts

Main Office
20 North 9th Street
Richmond, IN 47375
(765) 962-2581
(800) 548-8138

For Information about any of our personal banking products, or to open a new account, please contact your nearest First Bank branch.

First Line Telephone Banking

To report a lost or stolen Visa Check Card:
8am – 5pm, Monday – Friday
First Bank Customer Support Department
(765) 962-2581
(800) 548-8138

After business hours
(800) 236-2442


Note: Please do not include any personal or account information when submitting an e-mail. E-mail messages are not encrypted. If you need to give personal or account information, please telephone us or stop by one of our convenient locations.