Monday, July 4th Closing

Farmers Bank will be closed Monday, July 4th in observance of the holiday. Online and Mobile Banking will still be available. Normal hours will resume on Tuesday, July 5th.

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Why do Businesses LEVEL UP and Choose ACH Origination?

Level up - ACH origination made easy

Posted On: June 20, 2022 by Farmers Trust & Savings Bank in:

Author: Suzi Harper, Personal Banker and Commercial Services Manager When it comes to payments, businesses often have more options than they may even realize.  ACH Origination can be one of those options that provide a wealth of benefits to a business including helping save money and improving efficiencies. What is ACH? ACH (Automated Clearing House) is a network for electronically moving money between bank accounts in the US.  It’s the evolution of the 1970’s paper check to a modernized payment. By transforming the paper check into a digital process, it could improve efficiencies for businesses nationwide.  Common uses of ACH payments are: Direct Deposit of Payroll Paying Taxes Paying Suppliers Funds Transfers Payments from Customers While ACH transactions aren’t the only way to move money, their advantages are powerful for your business including: Improved Cash Flow Control Increased Financial Forecasting Reduction
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Recent Blog Posts

Offers 7 Tips to Eliminate Debt Faster

Offers 7 Tips to Eliminate Debt Faster

Posted On: April 19, 2022 by Farmers Trust & Savings Bank in: Budgeting

Consider using these tips to take control of your finances

One key ingredient to saving more money is to eliminate debt. Below are seven tips on how to pay down debt faster.

Use tax refund — A new year brings a new tax season. If you are expecting to receive a tax refund in 2022, consider putting all or a portion of that refund toward a debt you want to eliminate this year. Put salary increases toward debt — If you receive a salary increase in 2022, use...
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4 Reasons to Compare Lenders When Shopping for a Home Loan

4 Reasons to Compare Lenders When Shopping for a Home Loan

Posted On: April 15, 2022 by Farmers Trust & Savings Bank in: Home Ownership

Author: Rita Hoffman, VP Real Estate Loan Officer

A new home purchase season is upon us, and as a homebuyer you may be eager to find your first or forever home. Make sure you have the help of a trusted lender who can help make your experience a smooth one!

With the excitement of home ownership, the last thing you want to do is have to read all the fine print or learn the “mortgage lingo”. But here are reasons why you should!

Not all loans and loan providers...

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Savings jars

Not Saving Enough? Consider Using a Spending Journal

Posted On: April 5, 2022 by Farmers Trust & Savings Bank in: Money Management

Finances can be frustrating. While it may seem like a tedious task, keeping a budget can ease those frustrations. In fact, a budget can be the most important tool in your financial toolbox. Before you can budget, though, you need to know what you’re spending each month. That’s where a spending journal can help.

Tracking your spending is crucial to employing a strong budget strategy. Starting a spending journal can help you pinpoint areas where you can make changes that will...

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savings/Debt file folder tab

Make a Commitment to Stronger Finances

Posted On: March 29, 2022 by Farmers Trust & Savings Bank in: Money Management

Tips to Strengthen Your Finances

Setting financial goals — whether it’s saving more for retirement or paying off a debt that’s been weighing you down — can be one of the most important commitments you can make. Whatever your financial goal is, take some time this month to develop a plan on how you can achieve it.

Following are five tasks you can complete this month that will help you strengthen your financial situation:

Update your budget....
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Be Prepared This Tax Season

Be Prepared This Tax Season

Posted On: March 8, 2022 by Farmers Trust & Savings Bank in: Money Management

Be Prepared This Tax Season

In 1789, Benjamin Franklin famously said, “Nothing is certain but death and taxes.” Not to be outdone, Albert Einstein shared this observation on taxes: The hardest thing to understand in the world is the income tax.” Sadly, those sentiments will likely always ring true. With a new year upon us, it’s time to start preparing to file your income taxes.

Filing Your Own vs. Hiring a Professional

Once you have collected...

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family moving into a home

6 Tips for Saving for Your Down Payment

Posted On: March 8, 2022 by Farmers Trust & Savings Bank in: Home Ownership

Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 3 to 20 percent of the home’s value. To help potential homebuyers save, check out the following tips:

Develop a budget & timeline

Speak to a mortgage professional and determine how much you’ll need for a down payment. Create a budget and calculate how much you can realistically save each month –...

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5 Questions to Consider Before Purchasing Your First Home

5 Questions to Consider Before Purchasing Your First Home

Posted On: March 8, 2022 by Farmers Trust & Savings Bank in: Budgeting, Home Ownership, Money Management

Owning a home is a great investment, but before jumping into the market it is extremely important for consumers to consider the costs involved and budget accordingly to ensure they’re able to meet all of their financial obligations.

Farmers Bank encourages consumers to consider these questions before beginning their housing quest:

How much money do you have saved up?‚Äč
Start with an evaluation of your financial health. Figure out how much money you have for a...
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Woman using a calculator

Tips for Developing and Maintaining Good Credit Habits

Posted On: December 27, 2021 by Farmers Trust & Savings Bank in: Budgeting

Farmers Bank and the Independent Community Bankers of America (ICBA) are encouraging customers to plan for their financial future by establishing and maintaining good credit habits to create a blueprint for financial wellness and prosperity in the New Year.

Good credit is essential to a strong financial foundation, so it’s important to build and maintain responsible credit practices that demonstrates sound money management principles to help you achieve your short and long-term...

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10 Financial Tips for America's Young and Beginning Farmers

10 Financial Tips for America's Young and Beginning Farmers

Posted On: September 20, 2021 by Farmers Trust & Savings Bank in: General

Below are some financial tips from the American Bankers Association ag experts for America's young and beginning farmers.

Sweat the small stuff. Keeping accurate and detailed records encourages both short-term and long-term financial planning. Not only does it help you stay organized and make better management decisions, it makes it easier for your lender to assess your financial situation. Develop a business and marketing plan. You will work smarter and improve...
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How to Protect Yourself From Fraud: A Refresher

How to Protect Yourself From Fraud: A Refresher

Posted On: September 13, 2021 by Farmers Trust & Savings Bank in: Financial Security

In 2020, Iowans lost more than $17 million to fraud, according to a report from the Federal Trade Commission. That’s an increase of nearly 49% from 2019. Those figures only prove how important it is to stay vigilant and know how to protect yourself from becoming a victim.

It is unlikely fraud will ever be completely eliminated. Fraudsters adjust their strategies every year and are always on the lookout for new methods to commit crimes. As technology advances, so do these criminal...

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