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How the First Artist Bank Is Catering to Creatives The new bank and app are proving that artistry and finance are not mutually exclusive.

By Melinda Newman

This story appears in the June 2015 issue of Entrepreneur. Subscribe »

Michelle Shiers
Sweet dreams are made of this: Dave Stewart’s vision becomes reality.

"Most artists can concentrate for about three minutes in a business meeting before they're doodling or writing song lyrics in the corner of the paper," says Dave Stewart. Best known as one-half of '80s pop duo Eurythmics (with singer Annie Lennox), Stewart, now an entrepreneur and acclaimed music producer, has spent more than his fair share of time discussing business when he'd rather be creating.

With the formation of First Artist Bank (FAB), Stewart and his partners aim to provide artists from all disciplines with a one-stop shop for money management, as well as aid in monetization and product marketing. "This is like a money manager in your pocket," Stewart says of the free FAB Money iOS app, introduced in March at South by Southwest. (An Android app will go live later this year.) It's the culmination of a 15-year dream for the musician, who was waiting for technology to catch up to his vision.

"I thought, How about if there was a bank that catered to creatives, and there was a way in which they could see in real time what's going out and what's coming in?" he explains.

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