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Dutton State Bank was founded in 1960 and is based in Dutton, Montana. The bank offers both personal and commercial banking services from the Dutton main office as well as a bank branch in White Sulphur Springs. The bank serves the communities of Dutton and White Sulphur Springs and the surrounding areas as their local
Yes. Federal law allows banks to charge non-interest charges and fees, including deposit account service charges. All fees should be determined on a competitive basis within the market. Each bank should make the decision on the type, amount, and method of calculation based on sound banking judgment and safe and sound banking
Most bank rates were steady to slightly lower for the week ending August 10, 2012. Mortgage rates dropped modestly from the prior week’s level for most of the popular home loan choices. CD rates were also predominantly lower with minor exceptions among the key maturities. Money market rate remained stable. The outliers for the week
The organization employed by a mutual fund to prepare and maintain records relating to shareholder accounts.
The FDIC notifies each depositor in writing using the depositor’s address on record with the bank. This notification is mailed immediately after the bank closes.
When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.
The date or length of time on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
Utilize your financial resources wisely. Review your budget along with your debts and assets for optimal asset allocation as well as liability allocation. While investors are often more concerned about shopping and comparing bank rates and saving rates, they ignore the simple debts and expenses. For instance, don’t be in the habit of thinking of
The bank may use an exception hold on a check that was previously deposited but was returned unpaid for insufficient funds. This allows the bank to lessen the risk associated with this transaction.
An exception hold may not be applied to any check (including an “official type” check) that has been returned unpaid and re-deposited
The movement of checks from the banks or other depository institutions where they are deposited back to those on which they are written, and funds movement in the opposite direction. This process results in credits to accounts at the institutions of deposit and corresponding debits to accounts at the paying institutions. The Federal
A creditor’s measure of a consumer’s past and future ability and willingness to repay debts.
Do not give control of your money to someone else without monitoring and understanding every detail. This is not saying that you should not let someone else help you manage your money. It means you should not blindly follow someones advice or money management techniques whether this advice for stock holdings, the direction of interest
Voluntary surrender of property, or a right to property, without attempting to reclaim it.
CD interest rates slumped this week as the long term cap on short term rates that is being held in place by the Fed, continues to keep interest rates down. The longer the Fed continues to hold short term rates lower, the more banks that offer the highest CD rates can skim a few basis
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores, the internet and other distribution channels across North America and internationally. Wells Fargo & Company is headquartered in San Francisco. Wells Fargo has $622 billion in assets and 159,000 total team members across
Interest income from CDs, money market accounts and savings accounts is considered regular income. It’s taxed at the same rate as any other income you receive that year. Your bank or savings institution will send you a 1099-INT form stating the amount of interest that your CDs or other accounts earned by the
Another week passes and bank CDs experience another of week of sinking yields. Bank CD rates available nationally fell across all terms for the week ending Aug. 7, 2009. The rate reduction for this week was mild but impacted all maturities and is a continuation of a protracted slide in CD rates that started in
Signature Bank is a full service bank serving the Windsor market of Colorado and the surrounding area. The bank is located in Windsor, Colorado the Water Valley Village. Signature Bank is a locally owned bank engaging in basic banking business practices by providing a wide assortment of consumer and business bank products and services with
The percentage of a consumer’s monthly gross income that goes toward paying debts. Generally, the higher the ratio, the higher the perceived risk. Loans with higher risk are generally priced at a higher interest rate.
Some investors use the word CD and money market interchangeably. There are differences between CD and money market. First of all A CD or certificate of deposit is not a marketable security which means that if a certificate of deposit holder wants out of his or her certificate of deposit or wants to
Renasant Bank was established on February 27, 1904. The bank has 63 domestic bank branches located in 3 states; Alabama, Mississippi, and Tennessee. Renasant Bank has been FDIC insured since January 1, 1934. Renasant Bank is chartered as a Federal Reserve Non-member. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). As of