NEWS Bank of Yates City
Transcription
NEWS Bank of Yates City
Bank of Yates City NEWS Wishing You Happy Holidays from the Staff and Directors at Bank of Yates City ra Join us fo ouse H n e p yO Holida ecember 21 Friday, D s in both offices bby hour during lo ents efreshm r y a d li o Enjoy h ter to win and regis D TV. a 32” LE – n the fun o t u o s Don’t mis e you there! we’ll se You’re Invited! Ag Marketing Breakfast Opportunity and risk caused by commodity price fluctuations are ever-present and can have significant impact on your margins. Learn how to capture opportunities and managing those risks, helping you protect what you work hard to build. Who: Lawrence Kane and Cathy Ekstrand, Stewart-Peterson Group What: Ag Marketing Breakfast When: Wednesday, January 23, 2013. Breakfast is served from 7:30 to 8:00 a.m. with meeting to follow. Where: Yates City Community Center Please reserve your spot by Friday, January 18, 2013 by calling (309) 358-1415 or 800-556-8909. Early Winter 2012–13 Wrap It Up! Make holiday savings easy. It’s time to start your Christmas Club Account at Bank of Yates City for next year’s holiday shopping. Just save a little each week and when the holidays arrive you'll have all the extra money you need for gifts, travel or other expenses. Christmas Club is easy and convenient. You can arrange to have a monthly deposit made automatically from your Bank of Yates City checking account. Or if you prefer, you may make deposits to your Christmas Club Account whenever you choose. Your funds will earn a variable rate of interest and be delivered to you in October to give you lots of time for holiday shopping. Open your 2013 Christmas Club Account today at Bank of Yates City. Give yourself a great rate and save money, too! Mortgage rates are still hovering near all-time lows, so now is a great time to refinance your loan or buy a new home if you’re in the market. Refinancing may lower your monthly payments or shorten the term of your loan, and that saves you money. Bank of Yates City has committed $2 million to a special pool of fixed-rate mortgage loans. To-date, the bank has closed $1,000,000 in new mortgage loans through this program. Contact Mike Renner or Wayne Wrage about our special rates on 10- and 15-year loans. If you are unsure if it’s worthwhile to refinance, we can help. We’ll provide a free analysis of your current mortgage loan and tell you if it makes sense to refinance. Whether you’re a young family wanting a bigger home or an empty-nester looking for a smaller home, come to Bank of Yates City for your real estate financing needs. Scan this QR Code to access handy loan calculators. Get Your Free Credit Report Mike Renner Wayne Wrage NMLS #790422 [email protected] (309) 245-4000 NMLS #787210 [email protected] (309) 358-1415 Consumer reporting companies must provide you with a free copy of your credit report, at your request, once every 12 months. A credit report contains information on where you live, how much you owe, and if you pay your bills on time. Order a copy of your credit report once a year to guard against identity theft. Make sure it is accurate and includes only those activities you have authorized. You can order your free annual credit report online at www.annualcreditreport.com, by calling 877-322-8228, or by completing the Annual Credit Report Request Form and mailing it to: Annual Credit Report Request Service P.O. Box 105281 Atlanta, GA 30348-5281 The Annual Credit Report Request Form may be found online at: https://www.annualcreditreport.com/cra/requestformfinal.pdf When you order, you need to provide your name, address, Social Security number, and date of birth. To verify your identity, you may need to provide some information that only you would know, like the amount of your monthly mortgage payment. Unfortunately, due to privacy concerns, Bank of Yates City cannot request a free credit report on your behalf. Lease your next tractor or combine Of all the ways to acquire equipment, leasing is the method most frequently used. Today, 8 out of 10 American companies lease some or all of their needed equipment. n Leasing can be a good way to transfer equipment from father to son. Leasing is cost effective for farmers and agri-business. Equipment is costly and some of the costs can be unexpected. When you lease, your risk of getting caught with obsolete equipment is lower because you can upgrade or add equipment to best meet your needs. Another key leasing advantage is the option for 100% financing. n Leasing helps you pay for equipment matching the equipment’s earnings or savings with the lease payments. n You may be able to preserve existing credit lines for short term needs. n Leasing flexibility enable the payment structure to fit your cash flow needs. n You can lease new or used equipment. n You will have an option to purchase the equipment at the end of the lease term. Here are a few of the reasons that leasing makes sense: n The lease payment is fixed for the lease term and most lease payments are 100% tax deductible. A lease can accelerate the deductions compared to the allowances available with depreciation.* We can help you determine if leasing makes sense for your farm or argri-business and what type of lease is best. For additional details, contact Greg Wessel or Wayne Wrage at (309) 358-1415 or Mike Renner at (309) 245-4000. Business Spotlight The Burt Coyote Company Curt and Eric Price started their manufacturing business in 1998 with Lumenoks, which are lighted arrow nocks. The business has steadily grown and today have sold 3 million Lumenoks. Curt and Eric have banked at Bank of Yates City nearly their entire lives. They like the importance the bank places on the customer. For example, Wayne Wrage came to the bank on a Sunday to cut a check for loan proceeds on a new van. The bank has helped The Burt Coyote Company construct a new building and provide operating capital. “Wayne Wrage and Greg Wessel have been great to deal with,” said the Prices. “They always seem to come through when we need them. Every year brings new challenges that the bank can help us with.” When asked for one word to describe the Bank of Yates City, Curt and Eric responded “family.” The Burt Coyote Co. Inc. 104 N. Union Street Yates City, IL 61572 (309) 358-1602 Email: [email protected] On the web: www.lumenok.net *****************ECRWSS**** 107 E. Main St. Yates City, IL 61572 1-800-556-8909 or 309-358-1415 BankofYatesCity.com Stop by our new Farmington Banking Center 1010 E. Fort Street Farmington, IL 61531 Local Postal Customer Phone (309) 245-4000 NMLS #776589 Car and Truck Loan Sale Hurry – this special rate good through March 30, 2013. Car a Truck nd Loan s as lo w as 2.83% APR f * or 48 mont hs * Available to new accounts only. To obtain the 2.83% annual percentage rate (APR) the maximum loan term is 48 months on model year vehicles 2010 or newer with 20% down and an auto debit from your Bank of Yates City checking or savings account. Loan is subject to credit approval. Terms and conditions are subject to change without notice. Some restrictions apply and may not be combined with other offers. Have you met? Susan Grandt To Retire After 14 Years Cindy Bernahl After 14 years of service with Bank of Yates City, Susan Grandt will retire on February 15, 2013. Susan is Vice President and Assistant Loan Officer. She has enjoyed the opportunity to work in a variety of areas at the bank, including customer service, human resources and teller supervisor. Cindy Bernhal is Cashier at Bank of Yates City and has been with the bank for 31 years. Her responsibilities include compliance, bank security and information technology. Cindy has taken numerous banking courses over the years to prepare her for these important responsibilities. A graduate of the University of Illinois, Susan is active with the Salem Township Library Board and Douglas United Methodist Church. She and her husband, Terry, reside in rural Farmington. They have two sons, a daughter-in-law and two grandchildren. Susan enjoys cooking, reading and taking road trips to visit family and friends. A reception will be held in Susan’s honor on February 15, 2013 from 9 a.m. to 3 p.m. at the Yates City office. Please join us in wishing Susan the very best in her retirement. She and her husband, Gary, have three children and four grandchildren.