First Command News & Media
FOR IMMEDIATE RELEASE — October 19, 2017
First Command reports third quarter 2017 holdings for banking affiliate
FORT WORTH, Texas – First Command Financial Services, Inc. announced today that its banking affiliate closed out the third quarter of 2017 holding approximately $160 million in marketable securities for its wealth management and trust clients.
According to its most recent Form 13F filing with the Securities and Exchange Commission, First Command Bank held 4.9 million shares of certain marketable securities (specifically, securities that are traded on public exchanges, including exchange-traded funds and individual stocks, but not mutual funds) as of Sept. 30. All securities were held on behalf of the clients of the bank's Wealth Management & Trust Services Group.
“Our third quarter numbers underscore the bank's dedication to serving the specialized needs of high net worth clients,” said David White, president of First Command Bank. “Our Wealth Management & Trust Services Group is proud to act as investment manager and custodian for these clients. We take great satisfaction in the trust that our clients place in us, and we are committed to giving them the highest level of advice and service.”
First Command Bank is a federally chartered savings bank and a member of the Federal Deposit Insurance Corporation (FDIC). In addition to wealth management and trust services, the bank offers a variety of personal banking products and services that include checking and savings accounts, certificates of deposit, mortgage loans, automobile loans, secured and unsecured personal loans, debt consolidation loans, credit and debit cards and online banking services. Commercial banking products and services offered by First Command Bank include commercial checking accounts, money market savings accounts, commercial loans, business credit and debit cards and online banking services. First Command Bank's assets totaled approximately $732.8 million as of Dec. 31.
In addition to holding securities on behalf of the bank's wealth management and trust clients, First Command Financial Services, Inc. offers financial planning services, asset management services and other investment advisory services to individuals and entities. Managed accounts and mutual funds totaled approximately $23.9 billion as of Dec. 31.
About First Command
First Command Financial Services and its subsidiaries, including First Command Financial Planning and First Command Bank, coach our Nation's military families in their pursuit of financial security. Since 1958, First Command Financial Advisors have been shaping positive financial behaviors through face-to-face coaching with hundreds of thousands of client families.