First Public has been helping local governments since 1987. At that time we were known as the Texas Association of School Boards (TASB) Financial Services. We helped local governments and committed community leaders better manage their financial needs.
In 1991, we launched the Lone Star Investment Pool with a simple goal: to make the job of managing public funds safer and easier. Since then, Lone Star has expanded to serve a new generation of decision-makers and constantly strives to provide innovative services.
Lone Star was among the first investment pools of its kind to offer clients the convenience of online transactions and to tailor fund options to meet a range of investment goals. We also created a novel bond proceeds management program to help leaders invest and monitor their construction bond proceeds more effectively.
As our clients' ambitions have evolved, so have we. On March 1, 2004, TASB Financial Services became First Public, LLC, dedicated to providing a broader range of innovative products and services to a larger audience.
Since 2002, the TASB Benefits Cooperative has provided school districts and their employees with a variety of employer-paid and employee-paid benefits such as group life, group long-term disability, and Section 125 products and plan administration. To enable us to provide even more services to members, First Public became licensed with the Texas Department of Insurance in 2011.
First Public is a registered broker-dealer with the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the Municipal Securities Rulemaking Board and is licensed with the Texas Department of Insurance.