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What is IntraFiⓇ Network Deposits?

Posted On: August 24, 2022 by F & M Community Bank in: Community Matters

What is IntralFiⓇ Network Deposits?

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...

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Protecting Yourself From Scams & Fraud

Posted On: April 20, 2022 by F & M Community Bank in: Community Matters

Protecting Yourself From Scams & Fraud

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...

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Tags: #communitymatters, #FinancialFraud, #FMcommunityBank, #Fraud, #OnlineScams

Choosing a Mortgage

Choosing a Mortgage

Posted On: March 4, 2022 by F & M Community Bank in: Community Matters

How to Choose a Mortgage - What are they and what's right for you?

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,...
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Tags: #communitymatters, #FMcommunityBank, #Lender, #MortgageLending, #MortgageLoans, #Mortgages

Image of keyboard with message Lines of Credit, what is right for you?

Lines of Credit

Posted On: December 28, 2021 by F & M Community Bank in: Community Matters

Lines of Credit - What are they and what's right for you?

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...

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Tags: #BusinessLineofCredit, #communitymatters, #FMcommunityBank, #HELOC, #HomeEquityLinesofCredit, #Lender, #LinesofCredit, #OperatingLineofCredit, #PersonalLineofCredit, #ReadyReserve

The IRS Proposal You Need to Know About

The IRS Proposal You Need to Know About

Posted On: September 23, 2021 by F & M Community Bank in: Community Matters

IRS $600 Bank Mandate

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...

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Tags: #600IRSMandate, #BankingPrivacyMatters, #communitymatters, #FMcommunityBank, #KeepMyBankingPrivate, #KeepPrivacySafe, #OpposeMandate

Celebrating 110 Years in the Community

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

Celebrating 110 Years in the Community

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...

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Tags: #110YearsInBusiness, #communitymatters, #FMcommunityBank, #insideFM, CommunityBank

Tying the Note, Without the Knot - Image of a Couple

Tying the Note, Without the Knot

Posted On: May 19, 2021 by F & M Community Bank in: Community Matters

Tying the Note, Without the Knot

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...

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Tags: #Banking, #BuyingAHome, #communitymatters, #FMcommunityBank, #HomeLoans, #MortgageLending, #MortgageLoans, #MortgageNote

Coronavirus Financial Scam Alert Image

COVID-19 Scams, Fraud & Safety Measures

Posted On: April 13, 2021 by F & M Community Bank in: Community Matters

COVID-19 Scams, Fraud & Safety Measures

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...

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Tags: #communitymatters, #Covid-19Scams, #FinancialFraud, #FMcommunityBank

Discovering Your Medicare Plan

Discovering Your Medicare Plan

Posted On: September 23, 2020 by F & M Community Bank in: Community Matters

Discovering Your Medicare Plan

Fall is here, the time of year to discover options available to you through Medicare.

Don’t wait! Medicare open enrollment starts October 15, 2020 for the 2021 coverage year. This is the time of year when you can make your elections and changes to your 2021 Medicare insurance.

Medicare can be is complicated! Medicare A, B, C, D, Advantage, Gap - How does anyone decipher all the options to find a plan that is best suited to your budget,...

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Tags: #communitymatters, #FMcommunityBank, #MedicareOpenEnrollment

image of a jar of change during a coin shortage

Communities Are Getting Short Changed

Posted On: August 14, 2020 by F & M Community Bank in: Community Matters

Communities Are Getting Short Changed

Pennies, Nickels, and Dimes – oh my. Coin currency producer, the United States Mint, has announced a coin shortage impacted by COVID-19.

"The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage — the pennies, nickels, dimes, and quarters that the American people and businesses use in their day-to-day transactions." the U.S. Mint said in a July Press Release.

There is an adequate...

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Tags: #communitymatters, #FMcommunityBank, #getcoinmoving