Interest Rate Environment

Written by Ryan Davelaar, VP Commercial Loan Officer

Today’s interest rate environment remains shaped by the aggressive rate hikes led by the Federal Reserve over the past couple of years, aimed at combating inflation. While rates have stabilized compared to the peak tightening cycle, borrowing costs remain meaningfully higher today than they were during the 2010–2021 era of historically low rates.

Here’s what that means for business borrowers in practical...

Everyone knows the adage, “Time is money,” and that adage certainly applies to making the most of your money in your 20s. Those in their 20s have the greatest financial asset of all – time. Time makes money grow when it is invested wisely. Here are 10 financially savvy moves for 20-somethings.

Buying your first car is an exciting step – but it can also be overwhelming and stressful. If you take the time to do a little research before visiting the dealerships, your first car-buying experience can be a lot less stressful and a lot more fun!

Visit Farmers Bank to get pre-approved for financing.  Our lenders can get you pre-approved for financing at a great rate that fits your lifestyle and budget. You’ll also know exactly how much you can spend, which will give...

Farmers Trust and Savings Bank is pleased to announce the addition of Maggie Scharnberg as a Personal Banker
to the team. Maggie has over 18 years of experience in customer service. She brings a proven ability to build strong relationships, listen to customer needs, and provide personalized banking solutions.

“We are excited to welcome Maggie to our team! She brings exceptional customer service skills and a positive attitude that will be a wonderful asset to our customers...

Farmers Trust and Savings Bank is pleased to announce that Molly Leman is transitioning into her new role as Ag Loan Officer. Leman has over 10 years of experience in finance and customer service. Molly brings valuable expertise and a commitment to providing top-tier service. Previously, she worked at a local Farm Credit Services of America, where she excelled in customer relationship management.

“We’re grateful that Molly has joined the bank’s Commercial...

Farmers Trust and Savings Bank is pleased to announce the addition of Amanda Bjustrom, as a Loan Support and Documentation Specialist to the team. Amanda comes with 8 years of banking experience, as a former teller, and her most recent experience as an office administrator for a Realty Office. Both bring a wealth of customer service experience and financial knowledge that make her a valuable resource for our customers and community.

“We are pleased to welcome Amanda Bjustrom to...

Perhaps you remember your mom or dad – or yourself! – sitting down with their paper bank statement at the end of each month, meticulously comparing it to the check register in their checkbook and making sure finances balanced out.

Well, those days are long gone. Unless you’re paying rent or making a big purchase, most of us no longer rely on checks to make payments. With copious advances in technology, banking online is safe, secure and convenient. It has in many ways...

For day-to-day monitoring of your Farmers Bank accounts, nothing beats Online or Mobile Banking. With everyone connected to the internet, why not use it to keep tabs on your account activity, transfer funds between accounts and pay bills? The amount of information at your fingertips makes it the ultimate time-saver. And it’s totally free!

Online and Mobile Banking provides you with a secure connection to Farmers Bank, giving you access to all of your accounts, 24 hours a day,...

Farmers Trust and Savings Bank is pleased to announce Krista Cuthrell has accepted the position of Director of Human Resources. Krista has over 4 years of experience in Human Resources - her most recent was as a Human Resources Generalist at a hospital.

Farmers Bank has a long-standing reputation for excellence in customer service and community engagement. With Krista joining the leadership team, the bank is poised to continue building a dynamic and supportive work environment that aligns...

Farmers Trust and Savings Bank is proud to announce that Suzi Harper is transitioning into her new role as Commercial Services Manager. Harper has served Farmers Bank in the Retail Department as a Personal Banker for nearly 20 years, where she has built strong relationships with customers, by understanding their needs and providing personalized banking solutions to meet those needs.

In her new role, she will focus on providing businesses with customized financial solutions, including...