Meow is a financial technology company, not a bank.
Meow lets people in Washington County, Illinois apply for a high-interest business checking account from FirstBank, a Tennessee corporation; Member FDIC. The application generally takes less than 10 minutes to complete.
|When you use Meow to apply for a checking account from FirstBank, a Tennessee corporation; Member FDIC, you'll receive:
Check issuance, depending on the partner bank (see our terms)
Spend controls that allow you to set an "initiator" and "approver" for any wire or ACH transaction from our partner banks
Accounting integrations to Quickbooks, Xero and NetSuite
Multi-entity and multi-user accounts
This table shows an overview of some financial health metrics for the top 5 community banks in Washington County, Illinois ranked by total deposits. This data is sourced from the Federal Deposit Insurance Corporation's (FDIC) BankFind Suite. The table shows data as of 9/30/23.
|Net Interest Margin
|Return on Assets
|Loan to Deposit Ratio
The Farmers And Merchants National Bank Of Nashville
Nashville Savings Bank
The Old Exchange National Bank Of Okawville
The First National Bank Of Okawville
Oakdale State Bank
*Source: Federal Deposit Insurance Corporation's (FDIC) BankFind Suite for reporting period ending 9/30/23
Total Deposits: Deposits are the primary source of liquidity for a bank. They are used to fund loans and other investments, which generate income for the bank. A higher amount of deposits indicates a greater capacity to lend and invest, which can lead to higher profitability.
Net Interest Margin: A key profitability indicator for banks. It measures the difference between the interest income generated by the bank (from loans and other interest-earning assets) and the amount of interest paid out to their lenders (such as depositors), relative to the amount of their interest-earning assets.
Return on Assets: Measures the efficiency of a bank in using its assets to generate profit. It is calculated by dividing the net income of the bank by its total assets. A higher return on assets indicates that the bank is more efficiently managing its assets to produce income.
Loan to Deposit Ratio: Calculated by dividing the total loans and net leases of the bank by its total deposits. A higher ratio indicates that the bank is lending out more of its deposits, which can lead to higher profitability. However, a higher ratio also indicates that the bank has less liquidity to meet its obligations to depositors.
Click the button below to apply for a business checking account from FirstBank, a Tennessee corporation; Member FDIC. The application generally takes less than 10 minutes to complete.
For more information, take a look at our article on the key benefits of business checking accounts.