First Fidelity Bank is an American retail bank and financial services corporation which was chartered in Oklahoma in 1920. The bank is a subsidiary of First Fidelity Bancorp, which was founded in 1982. The bank is co-owned by Lee R. Symcox, his wife Suzanne Symcox, Bill Cameron and his sister Lynda Cameron. The bank is headquartered in Oklahoma City , and has 29 branches in Oklahoma , Arizona and Colorado. As of 2020, First Fidelity Bank has $ 2 billion in total assets.
16-533: FFB may refer to: Businesses [ edit ] Fédération Française du Bâtiment , a French building trade group First Fidelity Bank , an American bank Sporting bodies [ edit ] Football Federation of Burundi Football Federation of Belarus Football Federation of Belize French Boxing Federation French Bridge Federation (French: Fédération Française de Bridge ) Other organisations [ edit ] Federal Financing Bank ,
32-505: A United States government corporation Foundation Fighting Blindness , an American nonprofit organization Radio forces françaises de Berlin , a defunct French military radio broadcasting service Other uses [ edit ] Fürstenfeldbruck (district) , in Germany Frum from birth, a Jewish phrase; see Frum Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
48-548: A digital image of a cheque into a computer then transmitting that image to the bank, but is now accomplished with a smartphone . The practice became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (Check 21 Act) took effect, though banks are not required to implement the system. This service was originally used primarily by businesses with dedicated check scanners, but with
64-535: Is a retail bank headquartered in Oklahoma City, which operates in Oklahoma, Arizona and Colorado. It is a subsidiary of First Fidelity Bancorp, which was founded in 1982. The bank offers checking, deposits, loans, mortgages, insurance, investments and pensions, and as of 2014 , it has 30 branch locations. As of 2020, the bank holds more than $ 2 billion in assets. The bank was one of the first banks in
80-691: The Independent Community Bankers of America found that 62% of banks in the United States offered merchant remote deposit, and 78% had plans to adopt the technology by 2011. Client adoption of remote deposit capture was projected to reach 1 million by 2010, and over 5 million by 2012. According to an industry study conducted in late 2013, only 10% of U.S. banks and credit unions offered mobile deposits, though many more planned to do so. Research by Celent in 2013 showed that 20 million customers used mobile check deposits in 2013,
96-482: The September 11, 2001, attacks . The Check 21 Act makes the digital image of a check legally acceptable for payment purposes, just like a traditional paper check. Before 2004, if someone deposited a check in an account with one bank, the banks would have to physically exchange the paper check to the bank on which the check is drawn before the money would be credited to the account in the deposit bank. Under Check 21,
112-462: The United States to launch a mobile deposit application , which it released in 2012. In 2014, the bank announced its intention to partner with Apple Pay. First Fidelity Bank is privately-held bank, whose owners comprise chairman Bill Cameron and his sister Lynda Cameron, in partnership with husband and wife Lee R. Symcox, the bank's president and chief executive officer, and Suzanne Symcox, executive vice president. First Fidelity Bank became
128-429: The business or rented from the bank. These businesses were also often required to pay monthly fees or maintain a minimum account balance to reduce the risk of fraud. Businesses were screened by the bank to determine the risk of fraudulent checks and bounced checks, and they were audited by the bank to ensure proper check handling and disposal. On July 4, 2009, Element Federal Credit Union (formerly WV United FCU) ) became
144-439: The deposit bank can simply send an image of the check to the drawing bank. This reduction of the transportation time from total processing life cycle of a check provides a longer time for the corporation to process the checks, allowing for later deposits and faster check clearance. Initially remote deposit capture (RDC) was used primarily by businesses. Check scanners were priced between $ 250 and $ 2,500 and were either purchased by
160-496: The first financial institution to deploy a smartphone app for mobile check deposit. USAA closely followed the launch of a mobile application in collaboration with Mitek Systems in August 2009. Several other banks began accepting mobile deposits in the early 2010s as the technology became more popular. Mobile Deposit allows smart phone users to snap a picture of the check with the phone's camera. The application automatically processes
176-399: The jersey sponsor of United Soccer League professional men's team Oklahoma City Energy FC in its inaugural 2014 season. Remote deposit Remote deposit or mobile deposit is the ability of a bank customer to deposit a cheque into a bank account from a remote location, without having to physically deliver the cheque to the bank. This was originally accomplished by scanning
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#1732802268457192-556: The picture and sends it to the bank for deposit. The customer does not mail in the original check, instead voiding or discarding it. In 2013 the United Kingdom government proposed a similar digital cheque imaging law allowing mobile cheque deposit, which was put into place in 2014. In 2020 Wells Fargo bank was ordered to pay $ 102.8 million in damages to USAA for infringing on mobile check deposit patents developed in 2008. Remote deposit use has grown. A June 2009 survey by
208-475: The spread of smartphones and mobile banking it is now common in consumer banks. Remote deposits became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (or Check 21 Act ) went into effect. The Act is intended in part to keep the country's financial services operational in the event of a catastrophe that could make rapid long-distance transportation impossible, like
224-510: The title FFB . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=FFB&oldid=1255349441 " Category : Disambiguation pages Hidden categories: Articles containing French-language text Short description is different from Wikidata All article disambiguation pages All disambiguation pages First Fidelity Bank First Fidelity Bank
240-648: Was founded in 1920 as the First State Bank of Norman. The bank was acquired in 1952 by the Symcox family. In 1981, the bank was chartered as Commercial Bank, National Association. In 1992, First Fidelity Bank merged with City National Bank. The resulting bank, valued at $ 240 million, became Oklahoma's fifth largest bank at the time. In 2002, First Fidelity Bank expanded into Tulsa, and the bank opened its doors in Arizona in 2004. By 2006, First Fidelity Bank
256-489: Was ranked as the third largest bank in the Oklahoma City metropolitan area. First Fidelity Bank continued to grow through a number of acquisitions between 2006 and 2013. The bank acquired Edmond Bank & Trust in 2006 and Western Security Bank in 2007. In 2010, First Fidelity Bank acquired $ 80 million in deposits from Home National Bank in Arizona. In 2013, First Fidelity Bank acquired Sunrise Bank of Arizona, adding its $ 202.2 million in total assets. First Fidelity Bank
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