Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Cheers to Craft Beer!

3 min read
Craft beer

Ready to talk to an expert?

At first glance, you might not think that a bank and a craft brewery have much in common.

However, many of the values that define a craft brewery—integrity, community involvement, tradition, and customer connection—are essential to our mission here at First Bank. And judging by the growing popularity of craft brewers, America is getting on board!

According to the Brewers Association, craft brewers are small, independent, and traditional. A “craft” brewing company must produce 6 million barrels of beer or less per year. The majority of total beverage alcohol volume must be derived from traditional or innovative brewing ingredients and their fermentation, and less than 25% of the craft brewery can be owned or controlled by an alcoholic beverage company that is not a craft brewer.

The number of breweries in the United States is on the rise, topping 2,700 by the end of 2013, and the majority of Americans live within 10 miles of a craft brewer.

The Asheville Beer Renaissance

Asheville residents are about to experience all the benefits craft breweries have to offer as Sierra Nevada Brewing Co. and New Belgium Brewing Company prepare to open new breweries within minutes of the city.

Sierra Nevada’s new brewery in Mills River, NC, has set the ambitious goal of producing 4.5 million cases of beer a year, including Pale Ale, Torpedo Extra IPA, and seasonal and specialty brews. The 350,000 square-foot plant is 75% complete, and the public is invited to check it out on August 3rd, during the Beer Camp Across America Festival.

Bill Manley, beer ambassador for Sierra Nevada Brewing, has gushed, “…this is one of the most perfect places we could have ever chosen and we’ve been in love with the Asheville area ever since.”

New Belgium Brewing Company has also seen the potential in Asheville, which was named Beer City USA by the Brewers Association from 2009 to 2012. The makers of the popular Fat Tire beer, they plan to build a $175 million facility on Craven Street in the heart of the River Arts District.

In addition to bringing prestige and beer tourists to the Asheville area, this new brewery will employ 154 workers, not including construction jobs. The 10 other craft breweries in Buncombe County are excited about the new factories, and the opportunities for tourism they bring.

Both companies cite the environmentally friendly atmosphere of Asheville, as well as the artistic and cultural vibe of the city. The clear, delicious water is an added bonus. With plenty of local beer connoisseurs, Asheville may become the reigning Beer City USA once again!

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Find the Best Checking Accounts in South Carolina at First Bank For residents in South Carolina, finding the best checking account can be crucial to managing your finances. But with so many banks in the area, it can feel overwhelming to choose the right option. At First Bank, we are confident that our checking account options can best fit your banking needs. Shop for the Best Checking Accounts at First Bank First Bank offers five different types of checking accounts that can suit whatever lifestyle you lead. Each of them come with no monthly maintenance fee when you meet our minimum requirements. Here are some key features for each type of checking account we offer: Everywhere Checking Free online and mobile banking Free online bill pay Free eStatements or paper statements Cash rewards with a qualifying First Bank credit card Everywhere Plus The benefits of Everywhere Checking Interest at the minimum balance requirement Everywhere Premium The benefits of Everywhere Plus Free member checks or 50% discount on alternate check designs Four free official checks per statement cycle Campus Checking For students under the age of 25, Campus Checking can best suit your needs. It offers most of the benefits of an Everywhere Checking account, in addition to having no First Bank transaction fees on eight out-of-network ATM withdrawals per month. Senior Checking Customers aged 55 years and older are eligible to apply for Senior Checking. It offers all the benefits of an Everywhere Checking account, in addition to having free basic checks or 50% off other designs. Visit Your Local First Bank Today Whether you’re a student, senior, or just looking for a checking account that works the way you want it to, First Bank has it all. With six convenient branches in South Carolina, we’re available to help you find the best checking account that fits your needs. ——— Sources: Go Banking Rates: https://www.gobankingrates.com/checking-accounts/benefits-checking-account/ 2 min read
Current Mortgage Rates 30-Year Fixed Is now the right time to buy the house you have your heart set on? One important thing to consider is the current mortgage rate trends and whether a 30-year fixed-rate mortgage is a good fit for you. At First Bank, our real-estate loan experts can answer your questions about mortgage rates and more. What is a 30-year fixed-rate mortgage? In the most basic terms, this kind of mortgage provides you with a guarantee that the “interest rate and your monthly payments for principal and interest remain the same for the entire length of the loan.” Budget-friendly: Easily manage and plan your monthly budget without worrying about fluctuating interest rates. It also gives you more breathing room in case your current financial situation changes for whatever reason at some point in the future. Save now: A 30-year loan means lower monthly payments spread out over a longer period of time, in contrast to the high monthly payments of a shorter-term loan. This means the money you save monthly with a longer-term loan can go into your savings or investment accounts now, instead of putting it towards paying off your mortgage immediately. Get flexibility: The beauty of a 30-year mortgage is that even though you have lower monthly payments, you can choose to submit a higher payment equivalent to the monthly rate for a shorter-term loan. This means you can decrease your overall total that much more when you have a bit of extra cash in the bank, but still submit your loan’s lower payment rate when your money is a little tighter. What determines my interest rate? Mortgage interest rates vary depending on several factors, including: The economy. Mortgage rates can fluctuate in some states due to unemployment rates, default and foreclosure rates and differing property values. State laws. States that allow recourse typically have lower mortgage rates. Size of competition. When you have multiple lenders competing for your business, loan costs are typically driven down. Market conditions. An increase or decrease in home building and sales can drive interest rates up or down. Government. Government policies like the Federal Reserve can cause mortgage interest rates to fluctuate. 30-Year Fixed Mortgages from First Bank With a 30-year fixed-rate mortgage from First Bank, home buyers can enjoy a fixed interest rate 3 min read
Mortgage Q&A: What Are Current FHA Rates? What are FHA mortgage rates? They’re the rates associated with an FHA mortgage. FHA mortgage rates will vary based on a number of factors. There are fixed rates and adjustable rates, down payments, credit scores of all levels and other factors that will affect the interest rates. The best thing to do is contact First Bank where one of our loan specialists can help answer what current FHA mortgage rates are available to you. What are FHA Mortgages? Before you explore current FHA rates, it is important to understand what FHA mortgages are. To start, FHA stands for Federal Housing Administration. According to the U.S. Department of Housing and Urban Development, “FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans.” What are FHA Mortgage Loan Requirements? Although some requirements can vary, FHA requirements usually include: A decent credit score. To receive a FHA mortgage, applicants should have a credit score of at least 580. Applicants with a credit score below 580 may still be eligible for a FHA loan, but will most likely be required to put down a 10 percent down payment. Verifiable income. According to FHA.com, “FHA loan rules for income have more to do with stability of income, the ratio of monthly financial obligations compared to that income, and the reliability of the paychecks rather than scrutinizing the amount itself.” Why Get a FHA Mortgage? In general, FHA mortgages are easier to qualify for than conventional loans, require smaller down payments, and have lower interest rates. For buyers who have decent credit, and who do not have a lot of money to put down, an FHA mortgage can provide the chance to buy a home — a chance that many may otherwise lack. Call First Bank Today Now that you have a basic understanding of FHA mortgages, you can inquire with First Bank about what the current FHA rates are. We have representatives who are available by phone Monday through Friday to assist you. Give us a call today to get started. ———- Sources: HUD: http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory FHA: http://www.fha.com/fha_credit_requirements 2 min read
First Bank logo
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.