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A locally owned community bank chartered in Hiram, Georgia. Lending and credit decisions that are made right there and not somewhere else in another city or state. That’s WestSide Bank.
The bank was established on August 8, 2006 and has been FDIC insured since that time. WestSide Bank is chartered as a Federal Reserve Non-member. The
This bank was founded in 1873 and is based in Jonestown, Pennsylvania. As a state bank, the bank is subject to regulation of the Pennsylvania Department of Banking and the Federal Deposit Insurance Corporation. Jonestown Bank and Trust Company, of Jonestown, Pennsylvania has been FDIC insured since January 1, 1934. The area served by the
Rates on bank savings products and loan products plummeted again this week. The only bank products not playing along were the credit cards. Credit card rates snuck through with an uptick in rates while mortgage rates, CD interest rates, savings account rates and Treasury rates moved lower when the week came to a close.
Interest rates
Three more banks failed Friday, November 21, 2008. The Office of Thrift Supervision closed two California thrifts, Downey Savings & Loan and PFF Bank & Trust. The state regulators in Georgia closed Community Bank of Loganville. The Federal Deposit Insurance Corp. took all three companies into receivership.
U.S. Bancorp bought all the deposits and some of
The FDIC recently released an article regarding the topic of certain unfair and deceptive acts within the banking industry. The purpose of the article is on the analysis for determining an FTC Act violation not actual incidences within the banking industry.
In the publication, the standards are reviewed for what constitutes a deceptive or unfair business
Mifflin County Savings Bank was founded in 1956 in Pennsylvania. The bank is a community bank with four bank branches in Pennsylvania. Mifflin County Savings Bank is chartered as a FDIC savings bank. The main bank office is located in Lewistown. The bank had total assets of $115,451,00 as of September 2008. During that same
All fixed rate investments including bank CDs have various inherent types of risk. Two significant risks are inflation risk and credit risk. Inflation risk is the loss of value or diminished rate of return due to the erosion of purchasing power by rising interest rates brought on by higher levels of inflation. Credit risk is
There is a distinct and recurring cycle of general economic conditions applying force on the demand and supply of credit and in time pressuring the overall direction of interest rates. The entire economy will expand and contract or move in cycles as interest rates move up and down. Both, the forces exerted by
Electronic transfer of funds from one financial institution to another; usually involves large dollar payments.
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
A bank account owned by a business. These are generally checking accounts or demand deposit accounts. Business or commercial bank accounts will usually have higher monthly fees and service charges.
Kopernik Federal Bank is based in Baltimore, Maryland. The bank offers both personal and commercial banking services. Kopernik Federal Bank was established on April 4, 1924. The bank has been FDIC insured since August 13, 1985. Kopernik Federal Bank is chartered as a Savings Association. Therefore the primary regulator is the Office of Thrift Supervision
Universal Bank is a California bank headquartered in West Covina, California. The bank offers personal and commercial banking services that include a full range of financial services such as real estate investment loans, home loans, small business loans, money market accounts, certificates of deposits and other investment depository accounts.
Universal Bank was founded in 1954. Universal
Money market fund managers voluntarily waive fees they have a contractual right to claim. Accordingly, the effective fee charged may be substantially less than indicated in expense ratios and may vary over the year despite a constant contractual fee. Retail fund managers use fee waivers to strategically adjust net advisory fees to current realizations in
American Riviera Bank is a California based bank. The bank opened for business in 2006 and has its headquarters located in Santa Barbara, California. American Riviera Bank is a full service community bank. The bank offers personal and commercial banking services to customers in its market area. American Riviera Bank provides a full range of
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency.
Yes. Banks are allowed to charge fees for returned checks and overdrawn balances. The assessment of account fees is governed by the terms of your deposit account agreement, which you should have received when you opened the account.
Review your account agreement and contact the bank for more information.
The six month bank CD offers a great rate that provides some liquidity and flexibility for an investor. The six month CD is turning out to be one of the most popular deposit products, due to the combination of stability, rate, and yield. In this uncertain market it is easy to see why the safety
The economic numbers just keep pounding the economy. It is at the point where we are at a vicious cycle of bad data feeding valuation programs that will lead to judgments that ultimately generate more bad data. As more businesses scale back while the consumer is already been forced to scale back the cycle of
Be cautious of bank courtesy overdraft protection. Your bank may offer this service to pay or cover your check when you have insufficient funds in your account. However, this feature will cost you. S ome of the highest fees charged by banks are for courtesy overdraft protection. To avoid this, either avoid writing the checks
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