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...
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 this, it has been estimated that the consumer who uses a credit card for holiday shopping spends in excess of $1,000. As a...
According to the yearly consumer survey by the National Retail Federation, holiday spending in 2017 will increase from an average of $936 to an average of $967. That is a 3% increase from spending averages in 2016. Many individuals find that it is easier to utilize...
It’s the holiday season and consumers everywhere are looking for great gifts at low prices! Do you have your eye on a large refrigerator/freezer complete with ice maker and filtered-water dispenser? Perhaps a large-screen 3-D TV is on the family wish list....
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 identified as “protections” that assist the credit card holder in the event of a financial hardship, such as the development...
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 survey conducted by Prosper Insights & Analytics, the average consumer spent over $935.00 during the 2016 holiday...
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