What It Means to be a Community Bank

By Matt Clark, President Federated Bank

As President and CEO of Federated Bank, there is no doubt in my mind that Federated Bank serves some great communities. With our home office in Onarga and our branch locations in Bradley, Chebanse, and Loda, we are well positioned to serve communities in Ford, Iroquois, and Kankakee Counties. Our customers come from those 4 towns, but they also come from communities like Ashkum, Bourbonnais, Buckley, Cissna Park, Clifton, Crescent City, Gilman, Kankakee, Paxton, Piper City, Roberts, Thawville, and Watseka. These are all wonderful places to live and work. As a community bank, Federated Bank has the privilege of being a part of all of these communities in so many ways.  We draw both our employees and our customers from these communities. So when you come in with a question or a problem that you need help with, you’ll find a friendly face and a willingness to help you in any way we can.

You may wonder if a community bank like Federated Bank has the products and services to meet all your banking needs like a bigger bank could. Let me reassure you that we do. In addition to all the basics, like checking and savings accounts with debit and ATM cards, we offer a wide variety of loans and lines of credit, including our own Visa credit card product for both businesses and individuals. Businesses will find that we have solutions to help them manage cash flow by securing financing for expansions or improvements. We also have options for taking credit cards at your retail operation and we can assist you with your payroll processing and direct deposit options. For farmers we provide flexible operating loans that allow for growth and management of agricultural operations as well as loans for necessary equipment. Federated Bank also has a variety of lending options for individuals, from auto loans to recreation loans to home-equity lines of credit. Perhaps our most important offering is our mortgage loan. We have such a wide variety of mortgage types to choose from such as conventional mortgages, VA mortgages, FHA mortgages, and rural development mortgages, that you are sure to find one that fits your particular needs and circumstances.

The bottom line is that we are here to be a community bank, and that means we want to serve you and meet any banking need you may have. So stop in and see what your community bank can do for you!