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Commercial Lines of Credit: A Helpful Financing Option

“You have to spend money to make money.” This familiar quote illustrates the obvious – that it takes money to run a business.  It also demonstrates the conundrum that confronts many business owners.  Sometimes the money needed to purchase equipment or supplies, rent space, or pay employees is just not there.  Yet the expenses must be

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Technology Makes It Simple to Bank from Anywhere

By Steve Wedig As technology has advanced over the past decade or two, the way people bank has changed dramatically. One notable way that banking has changed is an increased ability for customers to perform basic banking tasks without ever visiting the bank in person. With this change, it makes it possible for customers to

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A Look at Innovations in Farming Today

By Michael Breisch While the basic purpose of farming remains the same from time immemorial, the day-to-day operations have undergone huge changes over the last century. Today’s ag operation looks vastly different than that of our grandparents’ generation. Technology and culture continue to bring changes to the farming industry. We will look at a few

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Banking in a Time of Uncertainty

We are certainly living through unprecedented times in this country. Every day the news is filled with updates on the health of our nation both physically and economically. Never having experienced anything like this before, we are filled with questions. How long will this lock-down continue? Will it be safe for everyone to be out

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Is Now the Right Time for a Mortgage Refinance?

By Andrea Eldert, NMLS #1094715 Mortgage rates, which had been low, have now dropped to even lower rates. Recent world events have pushed rates near historically low levels. With rates this low, many homeowners are asking themselves if now is the right time to refinance their mortgage. Here are some things to think through as you

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The Advantages and Disadvantages of Equipment Leasing

By Amanda Martinez For many businesses and farming operations, the right equipment is essential for ongoing work and progress to continue.  There are a couple of different ways to finance equipment, and leasing is one of them.  In some ways, equipment leasing seems like an ideal solution for certain businesses.  There are clearly some benefits,

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The Benefits of Low Mortgage Rates

By Andrea Eldert Mortgages seem to be a hot topic right now. On top of the usual spring of increased numbers of houses for sale and potential homebuyers looking to buy, there is a lot of buzz surrounding historically low mortgage rates. Recent world events have pushed what were very low mortgage rates to even

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Important Information About Coronavirus (COVID-19)

Thank you for being a valued customer. At Federated Bank, our number one priority is the health and well-being of our customers, employees, families and communities amid ongoing concerns about COVID-19. We are closely monitoring official information provided by federal and state agencies and taking necessary actions to respond to the rapidly evolving situation. We

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The Right Time to Contribute to an IRA

By Cindy Cabbage Have you ever noticed that about this time every year people start talking about IRA’s? That’s because for a lot of people, IRA’s are connected to filing their income taxes. Maybe for you that doesn’t make much sense, but there is a reason. If you just don’t see it, keep reading and

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Are You Spending Too Much on Subscription Services?

By Tom Cleary As the new year continues, we wanted to offer a word of advice regarding your budgeting. Convenience can be costly, and specifically, subscription services can end up costing you a lot more than you intended. Today, you can have a subscription service for everything from music, TV, movies, video games, groceries, gourmet

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