First Financial NoWorry Checking Account Obtains National Bank Certification for Security and Affordable Price | national news
CINCINNATI, November 18, 2021 / PRNewswire / – First Financial Bank (Nasdaq: FFBC) announces that its NoWorry bank account has received National Bank On certification from the Cities for Financial Empowerment (CFE) Fund to meet Bank On National Account standards for 2021-2022. These standards require more than 25 features for secure and affordable consumer transaction accounts.
NoWorry Checking has no overdraft fees or minimum balance requirements, and is available throughout First Financial’s four-state service area. Ohio, Indiana, Kentucky and Illinois.
“First Financial’s NoWorry account illustrates our commitment to helping communities thrive, as it improves access to banking services for people who may be outside the traditional financial system or otherwise unable to open a bank account,” said declared Archie brown, President and CEO, First Financial Bank. “A bank account is essential in helping individuals improve their financial well-being. Bank On certification demonstrates First Financial’s intention to provide our clients with accounts that will help them move towards a better financial future. “
The Bank On National Account standards were developed by consumer advocates, leading national nonprofits, civic leaders and other financial institutions, and identify essential product characteristics for bank accounts to include for guarantee low cost, high functionality and consumer safety. Bank On Certified Accounts can be used to receive and manage the Federal Child Tax Credit and other emergency payments.
“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to First Financial’s NoWorry chequing account. First Financial’s offering of this great account puts them at the forefront of national banking access efforts, for which we thank them, ”said Jonathan mintz, President and Chief Executive Officer of the CFE Fund. “This account provides residents looking to improve their finances with a secure, affordable and truly useful consumer banking product. This is especially important during COVID-19, as consumers need to access and manage their money affordably and securely.
Bank On certification is one of many steps First Financial takes to help clients and residents improve their financial health. First Financial participates in the Bank On coalitions in Louisville, Bloomington and Northern Indiana. These are collaborations between financial institutions, community organizations and local governments to help residents access traditional financial services and education.
First Financial has expanded access to banking services by opening five banking centers in low to moderate income communities across its footprint, more than half of its community investment plan target of adding eight new locations.
Earlier this year, First Financial expanded its personal loan program by participating in the Upstart referral network to increase access to unsecured lending solutions.
First Financial is also collaborating with the National Underground Railroad Freedom Center on a new financial literacy series aimed at increasing access to financial education in the communities it serves and addressing wealth disparities.
About First Financial Bancorp.
First Financial Bancorp. Cincinnati, Ohio based banking holding company. From September 30, 2021, the Company had $ 16.0 billion in assets, $ 9.4 billion in loans, $ 12.7 billion in deposits and $ 2.2 billion in equity. The Company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services products through its six business segments: Commercial, Retail Banking, Investment Commercial Real Estate, Mortgage Banking, Commercial Finance and Wealth Management. These business units provide traditional banking services to businesses and individuals. Wealth Management provides wealth planning, portfolio management, trust and estate, brokerage and pension plan services and had approximately $ 3.2 billion in assets under management at September 30, 2021. The Company operated 139 full-service banking centers as of September 30, 2021, mainly in Ohio, Indiana, Kentucky and Illinois, while the Commercial Finance activity lends in targeted vertical sectors nationwide. Additional information about the Company, including its products, services and banking locations, is available at www.bankatfirst.com.
About the Cities for Financial Empowerment Fund (CFE Fund)
The CFE Fund supports municipal efforts to improve household financial stability by taking advantage of opportunities unique to local government. By translating cutting-edge experience with large-scale programs, research and policies in cities of all sizes, the CFE Fund helps mayors and other local leaders identify, develop, fund, implement and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund is currently working in more than 100 cities and counties and has disbursed more than $ 55 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Twitter at @CFEFund.
About the bank on
Bank On coalitions are locally led partnerships between local public officials; municipal, state and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities. The National Bank On initiative builds on a grassroots movement of over 90 coalitions in cities across the country, providing national account standards, capacity grant support, pilot funding and a learning community. In addition to connecting the unbanked to accounts, Bank On programs raise awareness, target the awareness of the unbanked, and expand access to financial education. Visit www.cfefund.org/bankon for more information, or follow the conversation on Twitter @CFEFund #BankOn.
View original content to download multimedia: https://www.prnewswire.com/news-releases/first-financial-noworry-checking-account-achieves-national-bank-on-certification-for-being-safe-affensible -301428204 .html
SOURCE First Financial Bancorp.