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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,

The coronavirus pandemic has changed nearly every facet of life or so it seems.  Even the way we vacation has changed.  With the increased worry about staying in hotels and utilizing air travel, vacationers are re-thinking their plans and finding more novel ways to get away.  As this article explains, one mode of travel that

These late summer and early autumn days are some of the best that Central Illinois has to offer.  The sweltering heat of summer is mostly gone and winter is still comfortably far in the future.  But we all know that this is just a brief moment in time.  The icy winds and bitter cold will

A New Experience: Buying a Car Online Buying a car used to require a trip to the dealership. Haggling was a hallmark of the experience, and you could count on going back and forth with a salesperson about things like pricing and interest rates.  If you’ve watched TV lately you have probably noticed several companies

Every small business owner wants to see their business grow.  As savvy business owners know, business growth is more than a goal.  In reality it is a necessity.  Trying to simply maintain a business is an activity that is doomed to fail.  If a business is not growing, it is effectively dying – though it