First American Bank Opens Its New S. Wabash Branch

CHICAGO-- First American Bank will hold a new

branch ribbon cutting ceremony on Tuesday, September 20 at 9:00 AM at their

new facility at 1241 S. Wabash. The new branch opened September 14.

With 39 branches, First American is firmly rooted in the Chicagoland

community, including strong business relationships with retailers and

residents. They've been a top financial performer adding economic growth and

dedication to community banking in the area for more than 30 years. First

American is a privately held bank with over $2 billion in assets, 7 Chicago

locations and 32 locations throughout the suburbs.

In addition to providing consistent, friendly customer service, First

American offers a complete range of financial services, including retail loan

and deposit products, a full menu of corporate loan and cash-management

products, plus a comprehensive array of trust and investment services.

First American provides customers Internet access to their accounts with

online banking via http://www.FirstAmBank.com , through bank-by-phone, as well

as the more traditional teller visit -- all at no charge.

In an era of mega-bank mergers and lackluster customer service, First

American stands out from the crowd. Their "customer-first" way of doing

business is a priority. They're focused on making banking easier, friendlier

and more convenient. Find out for yourself. Stop by and say hello to Aisha

Scott, Branch Manager, or give her a call at 312-881-8700.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.