Current EventsALL TOPICS

Update from CEO

With the recent news about the closure of Silicon Valley Bank (“SVB”) in California and Signature Bank in New York, you may have questions about the security of your deposits with 1st State Bank. Please be assured that your deposits are secure. Both SVB and Signature Bank had unique circumstances leading to their failures. SVB customers were primarily focused in […]

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COVID Tax Credit for Employers Extended

With the tax season just around the corner, we felt it was timely to share a piece of important tax information that may be of significant benefit to your company.  A number of changes to employee retention tax credits were enacted under the The Taxpayer Certainty and Disaster Tax Relief Act of 2020.  Changes included modifying and extending the Employee […]

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