March 18, 2020
Governor DeWine has made many executive orders in the past several days. However, the Employees, Officers, and Directors of Somerville Bank want you to know we are here for you as we always are. Your accounts at Somerville Bank are insured up to $250,000.00 and your retirement accounts are also insured separately up to $250,000.00, […]
Continue ReadingMarch 15, 2020
In 1933, the Federal Deposit Insurance Corporation – often identified as simply the “FDIC” – was created as a direct response to the failure of several banks during the Great Depression. Today, this corporation is known for taking measures to protect depositors. In fact, since the initiation of the corporation’s insurance in the year of […]
Continue ReadingFebruary 17, 2020
Are you wondering how to pay for college? Whether you’re planning on going to college this fall, next year, or the year after, it is not too late to learn how to get that tuition paid. There are a few programs available that will help pay for college. This brief guide will help take the […]
Continue ReadingJanuary 20, 2020
If the card is offered by a bank, the answer is “yes”, prepaid cards are insured. However, there are many important facts that you should know about the coverage and the type of card you have. While traditional checking accounts and savings accounts are still considered to be widely popular among consumers, many are turning […]
Continue ReadingDecember 16, 2019
As the owner of a small business, you have many financial obligations. These include – but are not limited to – operational costs, the expenses associated with the expansion of your business, and taking measures to protect both your customers and your employees. You may find yourself overwhelmed when it comes to budgeting, the types […]
Continue ReadingNovember 19, 2019
Somerville Bank is proud to announce the opening of our New Lebanon branch! We’re thrilled to be able to serve more customers closer to where they live, work, and play. Come visit our new location at 695 West Main Street. 695 W Main Street New Lebanon, Ohio. Convenient Hours Monday-Saturday LOBBY & DRIVE THROUGH HOURS:Mon-Thurs […]
Continue ReadingNovember 18, 2019
It was not at all long ago when banking was considered to be inconvenient and time-consuming. We had to take time out of our busy day to visit our bank to withdraw money or to deposit funds. Thanks to the ever-expanding growth of technology, we now have a multitude of options as it relates to […]
Continue ReadingOctober 21, 2019
Fake check scams are one of the most common types of fraud committed against consumers. Here we will discuss what a fake check scam looks like and how to prevent falling for one. Have you recently received a check with a request from the sender to send funds back to them? If you answered “yes” […]
Continue ReadingSeptember 16, 2019
Millions of people in the US experience financial challenges every single day. Individuals entering their retirement years are doing so during a period considered the worst in economic downturn since the Great Depression. Baby boomers have observed up to 50% shrinkage in their retirement accounts, a real estate market that has been completely decimated, low […]
Continue ReadingSeptember 1, 2019
You receive an unexpected, official-looking envelope in the mail. You cautiously open it and discover it includes a check – or, possibly even a money order – for a whopping $10,000. You are informed that you have won $2 million in a state lottery and that you may immediately claim your winnings. Prior to doing […]
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