Are Prepaid Cards Insured by the FDIC?

January 20, 2020

Credit Card

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 […]

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Making Sense of How to Use Your Business Cents

December 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 […]

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New Branch Coming Soon

November 19, 2019

Somerville Bank is proud to announce that we’re opening a new branch Our new location will be located at 695 W Main St in New Lebanon, Ohio.  Check here for more information as the new branch is being revealed!

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Mobile Banking Safety Tips

November 18, 2019

Mobile Phone at Coffee Shop

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 […]

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Fake Check Scams: A Common Fraud

October 21, 2019

Fake Check Scam

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” […]

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Common Mistakes Made When Saving for Retirement

September 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 […]

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Your Local Community Bank – The Friend That Offers Numerous Benefits

August 19, 2019

In today’s world of technological advancements and the establishment of the mobile-driven environment, it is common for individuals to interact with financial institutions and other businesses through specially-designed apps, social media platforms, and websites. As a result, the “human element” has been lost. Even the concept of “face time” has taken on new meaning. Long […]

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First Time Home Buyer: Mortgage Tips You Must Know

August 5, 2019

House For Sale Sign

If you have an interest in purchasing your first home and are in need of a mortgage loan, this information is for you. Obtaining your very first home can be challenging. Even more so if you are without the necessary information that will help you. Preparation is the key to success. Most of the first-time […]

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4 Steps to Take Before Buying Your First Home

July 15, 2019

While buying your first home is an important milestone, it is also a challenging endeavor that can prove to be quite overwhelming. Not only do you have to shop around for the perfect structure for you and your family, but you will also need to obtain funding through the means of a mortgage in order […]

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