Blog

With all the changes we have experienced over the past 18 months, you may be wondering about the home buying process. What has changed about the way homebuyers search for, select, and finance a home and what has stayed the same? Keep reading to learn more about the unique challenges and opportunities of buying a

Life is full of different seasons, some easy and enjoyable, others that are difficult and busy.  We are all constantly moving from one season to another, having to adjust to new obligations and expectations.  During busy seasons, our finances can quickly get off-track. We don’t have as much time during busy seasons to keep a

When it comes to central Illinois weather, if there is one thing you can count on, it’s that it is unpredictable.  Throughout the winter months, snow, ice, and freezing temperatures are a constant threat.  In the spring, severe thunderstorms, flooding, and even tornados can occur without much warning.  Whatever the season, the bottom line is

Almost every business has been negatively affected by the coronavirus pandemic, and many are in dire need of assistance because of it.  One way that the government has tried to help struggling businesses is through an assistance program called the Paycheck Protection Program. The Paycheck Protection Program (PPP) is part of the coronavirus relief funding

With mortgage rates continuing to hover in the historic range, many people have taken the opportunity to purchase a home or to refinance an existing mortgage.  Yet some homeowners and prospective homeowners consider the effort involved and decide to wait.  At Federated Bank, we understand that the process of obtaining a mortgage or a mortgage

Running a small business keeps you on your toes.  After all, small business owners are ultimately responsible for every aspect of the business, including financial oversight.  This aspect of oversight can be overwhelming, yet it is of the utmost importance.  These simple tips for organizing your small business finances might just help you keep your

College can be an expensive investment, and many high-school seniors are looking for ways to bring down the out-of-pocket costs of education.  Scholarships are often an essential part of students’ approach to funding college.  Federated Bank is pleased to partner again with CBAI Foundation for Community Banking in offering an essay-writing contest for local high-school

The new year is just around the corner, and we’d all like to start out the year on the right foot.  The problem for many of us is that Christmas comes first, and often our holiday spending breaks our budget before it’s even officially in place.  A popular strategy for Christmas spending has become making

Insurance is one subject that doesn’t get a lot of attention in our lives…until we need it.  Yet it is important to make sure that you have the proper insurance coverage in place.  Having the right insurance makes the unexpected problems in life easier to deal with.  Because your insurance needs change throughout your life,

Federated Bank has announced the opening of a new loan production office in Will County. The bank will offer reliable lending and leasing options, including business, personal, and agricultural loans from the office located in Braidwood, which will open in mid-November. In addition to a local lending team, Michael Breisch, Senior Vice President of Lending,