Teaching Kids about Money

October 19, 2020

Adding Money

Teaching kids about money is one of the most advantageous things you can do for their future. As kids, we were often informed that money is not something that grows on trees. Many of us may have received a small allowance for our contributions to the household. Others may have received financial rewards for academic […]

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Press Release

August 28, 2020

John Muncy

August, 2020 Somerville Bank has recently announced the addition of John Muncy to their Board of Directors. John is a prominent member of the New Lebanon community in which Somerville Bank opened its newest location in February 2020. Mr. Muncy obtained his Auctioneer license in 1987, been a licensed real estate broker since 1997, and […]

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How to Survive in a Digital Economy Amid the COVID-19 Pandemic

July 20, 2020

mobile banking

Since the start of the COVID-19 pandemic, cashless payments have risen significantly. In fact, professionals are stating that the coronavirus is actually accelerating the trend towards a completely cashless economy. This is a direct result of the immense growth behind e-commerce and the unique fear of handling cash that could be potentially contaminated with COVID-19. […]

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The Benefits of Digital Banking During the Coronavirus Pandemic

May 18, 2020

Online Banking

Now that the world is in the midst of a coronavirus pandemic that involves a potentially deadly virus, the banks around the nation are placing the health of their customers, the communities where they operate, and their employees as a top priority. Considered to be an essential business, banks are taking every measure possible to […]

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Avoiding Scams Amid the COVID-19 Pandemic

April 20, 2020

Scammer during Covid19

The fear surrounding the COVID-19 pandemic has created a fertile ground for the highly malicious. As is the case with any type of public-based crisis, the spread of the recently identified coronavirus has created a new group of malicious scammers. These individuals are targeting individuals who are awaiting the economic stimulus package for their family, […]

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COVID-19 Financial Tips and Your Banking Options

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, […]

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Deposit with Confidence with FDIC-Insured Financial Institutions

March 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 […]

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