New Year, New Money Habits. Step Up Your Money Goals in 2020.
Now That the New Year is Upon Us, It’s Time to Create New Money Habits. Now that it's the beginning of 2020 it's a great time to start. It is a...
Holiday Accounts Help Reduce Spending
Open a Holiday Savings Account Today to Reduce Excessive Spending During Next Year’s Holiday Season We are officially in the midst of massive...
Types of Commercial Loans
Commercial loans are a special type of debt-based funding arrangement that is set up between a business and financial institution that is commonly...
Benefits of Small Business Administration Loans
Apart from contributing to the growth and comprehensive development of small businesses, there are numerous benefits associated with Small Business...
The Benefits of Bank Auto Loans
If you are attempting to gain approval for an auto loan, you should skip the dealership and opt to work directly with a bank. There are many...
Credit Report – A Basic Guide for Consumers
A credit report is a specially-designed statement that includes specific information about past and current credit activity which has a direct...
Tax Season Tips
Tax season is in full swing. Electronic tax returns are now being accepted by the Internal Revenue Service. This year alone, 155 million returns are...
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...
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 National Bank Converts to an Ohio State Chartered Bank.
Somerville National Bank’s Board of Directors announced that we have converted from a national bank charter to an Ohio state chartered bank and...
Consolidate Your Credit Card Debt with a Personal Loan
According to information released in November of 2017, the average household in the United States has $6,662 in credit card debt. In addition to...
Start Saving Now for a Credit Card-Free Christmas in 2018
According to the yearly consumer survey by the National Retail Federation, holiday spending in 2017 will increase from an average of $936 to an...
Save Money by Reading the Fine Print of No-Interest Offers
It’s the holiday season and consumers everywhere are looking for great gifts at low prices! Do you have your eye on a large...
Add-Ons with Credit Cards – Should You Say “Yes”?
In recent years, a large number of credit card companies have been engaging in the act of cross-selling add-ons. In most instances, these are...
Top 5 Holiday Shopping Tips to Save You Money
It is a known fact that your bank account and your credit have the potential to get hit hard during the holiday season. According to the national...