Posted On: January 20, 2023 by F & M Community Bank in: Community Matters
Recent News
New Year, New You?
Posted On: January 20, 2023 by F & M Community Bank in: Community Matters
If one of your goals for 2023 involves working on your credit, check out some helpful tips.
Good credit is a blueprint for financial success, so it is essential to create a track record that demonstrates sound money management principles as you plan your financial future.
Make your payments on time, every time.
Stay in your financial lane – manage your debt-to-income ratio. This is the...
What is IntraFiⓇ Network Deposits?
Posted On: August 24, 2022 by F & M Community Bank in: Community Matters
IntraFiⓇ Network Deposits (formerly called CDARS or ICS, Certificate of Deposit Account Registry Service or Insured Cash Sweep respectively) is a program that allows businesses and individuals to receive FDIC insurance on large deposits.
IntraFiⓇ Network Deposits allows individuals or businesses that invest large sums of money ($250,000+) or own multiple certificates of deposits (CDs) to secure FDIC insurance while managing these investments...
Mary Schwarz Preston's New Branch Manager
Posted On: June 28, 2022 by F & M Community Bank in: Inside F & M
Preston, MN – On Thursday, June 23rd, 2022, F & M Community Bank announced the new Branch Manager of their Preston office, Mary Schwarz. Mary has been with F & M Community Bank for over 17 years and is highly recognized throughout the Ag Industry and for her community involvement throughout the Fountain and Preston, MN areas.
More About Mary…
Current position held at F & M, Vice President | Ag & Commercial Lender Continuing...Protecting Yourself From Scams & Fraud
Posted On: April 20, 2022 by F & M Community Bank in: Community Matters
It’s no secret that our world is becoming more connected and technologically advanced than ever, and while there are many benefits to this, it also means that there are more ways to be scammed and defrauded online. Fortunately, there is continuous research and advancement in cybersecurity to help protect yourself and your assets. Read on to learn about how to best protect yourself from scammers and what you can do if you think you’ve been the...
Choosing a Mortgage
Posted On: March 4, 2022 by F & M Community Bank in: Community Matters
When you think of a mortgage, you may assume it’s just one type of loan to cover the purchase of your home. In reality, home loans can be customized to fit your financial situation. Some of the most common mortgage options include:
Fixed-rate mortgage: One of the most popular loan options, a fixed-rate mortgage has an interest rate that never changes over the life of the loan. Typical terms range from 15,...Lines of Credit
Posted On: December 28, 2021 by F & M Community Bank in: Community Matters
You may have heard the term “line of credit” before. Chances are you’re familiar with what this means, but did you know there are various types of credit lines? Knowing your options can help you decide what is best suited for your needs. Understanding lines of credit and how they affect your credit score is an important and responsible thing to research before applying for any new credit.
First...
The IRS Proposal You Need to Know About
Posted On: September 23, 2021 by F & M Community Bank in: Community Matters
As your community bank, it’s not often we share news from or take a public stance on, issues taking shape in places well beyond our city’s limits. However, we feel strongly that as our customer, you should be informed about a concerning new proposal by policymakers in Washington.
This new proposal is calling for the IRS to track the deposits and withdrawals of all bank accounts with balances of $600 or more. This would affect...
Celebrating 110 Years in the Community
Posted On: July 16, 2021 by F & M Community Bank in: Community Matters, In the Community, Inside F & M
1911 is the year it all began, and by “it” we mean F & M Community Bank. You calculated that correctly; 2021 marks 110 years that we’ve been in operation and we are very proud to celebrate this milestone!
In order to really understand just how much has happened and all the changes that have taken place in over a century’s worth of time in business, let’s take it back to the start with a...
Tying the Note, Without the Knot
Posted On: May 19, 2021 by F & M Community Bank in: Community Matters
Buying a home is a huge milestone, and while it’s often thought of as something for individuals or married couples, that’s not always the norm anymore. Today many committed unmarried couples are embarking on homeownership before any wedding bells have rung. In fact, the number of cohabiting unmarried couples has increased nearly 30% since 2007, according to the Pew Research Center.
Before you get lost scrolling through Zillow, there are...
COVID-19 Scams, Fraud & Safety Measures
Posted On: April 13, 2021 by F & M Community Bank in: Community Matters
Now more than ever, you need to know how to protect yourself from scams. Scam artists work year-round and around the clock, but they’ve been given a new arsenal of tricky tools to use during the COVID-19 pandemic. It’s important to take steps to recognize if you’re being scammed and to flag any concerning activity before or right as it starts. Rest assured, the experts at F & M Community Bank have actionable solutions to keep you...