Mortgage Market Update | July 2023
Navigating the current housing market can be challenging, but with the right information and strategic planning, it's still a great time to buy a home. In our latest blog post, we provide a comprehensive mortgage market update, exploring key factors like interest rates, inflation, and inventory shortages. We offer practical advice on how to make smart buying decisions, understand the role of the Federal Reserve, and prepare for homeownership. Whether you're a first-time buyer or looking to upgrade, our insights will help you make informed decisions and secure your dream home. Read on to learn how to navigate today's complex real estate landscape successfully.
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The Benefits of Separating Personal & Business Accounts
In the world of small business, financial management can often feel overwhelming. Whether you're just starting out with a side hustle or managing a growing enterprise, one key practice can make a significant difference in your financial health and success: keeping your personal and business finances separate. This might seem like a daunting task at first, but the benefits far outweigh the initial effort. Not only does this practice protect your personal assets, but it also sets the foundation for a strong and sustainable business.
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How Company Culture is the Secret to Profitability
Roxanne Emmerich, a renowned expert in company culture transformation, shares her insights on why a strong company culture is essential for profitability and growth. Learn how actively managing cultural systems can boost customer satisfaction, employee retention, and overall revenue. Discover how Farmer State Bank successfully transformed its culture under Roxanne?s guidance, leading to remarkable improvements in performance and morale. Roxanne offers practical advice for overcoming cultural challenges with authenticity, clear communication, and eliminating gossip. She emphasizes the importance of committing to change with systems like daily huddles and performance reviews. Join us to explore Roxanne?s inspiring message of hope and actionable steps to create a thriving company culture. Believe in the potential for positive change and unlock your organization's true potential.
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Ways to Save at the Bank
At Farmers State Bank, we believe that choosing the right financial products tailored to your needs can make a significant difference in your financial journey. In a recent podcast episode with Christine Hankins, our President of Retail Banking, we explored the essential questions and considerations that help us guide customers towards smarter savings.
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Financial Stewardship with Pastor Jason McKinnies
The phrase Financial Stewardship gets thrown around quite a bit in our society, but what does it mean exactly? The truth is it can mean something a little different to everyone. To an organization, financial stewardship might mean protecting the long-term assets of that organization in a moral and ethical way. To an individual, it may mean making purchasing decisions that align with your values such as living within your means, staying out of debt, and perhaps even donating to charity. Since Farmers State Bank is a Christian bank, we wanted to take a closer look at what the bible says about being a good financial steward, so we asked the best resource we could possibly think of; our own pastor! On this episode we sat down with Pastor Jason McKinnies of Purpose House Church to talk about what it looks like to be a good financial steward! From holding space for his church members to take courses on financial freedom, to building a multi-million dollar church completely debt free, we learned so much about living a life of financial stewardship and we know you will to.
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