Understanding Increasing Credit Card Interest Rates

In 2017 alone, the Federal Reserve increased the interest rate not once, twice, but a total of three times. As a result of this fact, the interest rates associated with credit cards is expected to increase. “Credit is a system whereby a person who can’t pay, gets...
The Advantages of Choosing a State Charter Bank

The Advantages of Choosing a State Charter Bank

At the start of the New Year, we here at Somerville National Bank acquired a State Charter. We are now pleased to announce that we are now Somerville Bank. Essentially, this means that we are authorized for the state, by the state and we are capable of engaging in...