In observance of the federal holiday, our Grand Avenue drive-thru will be closed on Saturday, July 4. Please note our other locations are not open on Saturdays. All branches will resume regular business hours on Monday, July 6.
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Traveling? Make Sure to Let Us Know.
Avoid card interruptions while traveling by letting us know your travel dates prior to your trip by calling 651.225.6299 or use our mobile app. Our fraud detection system looks for unusual or suspicious transactions that fall outside your normal pattern of card usage. If you let us know you’re traveling, we will know it’s you…
New Report Highlights the Contributions of Community Banks to the Paycheck Protection Program
An analysis of call report data from FDIC-insured banks finds that community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks hold nearly a third of all bank-held PPP loans, compared to holding only 15 percent of all bank loans, according to a…
BankCherokee featured in MBA Magazine.
Four Minnesota banks share with Minnesota Bankers Association (MBA) how they are helping fight food insecurity in their communities. BankCherokee has been busy in the fight against hunger. In March they hosted an all-branch food drive for both the Neighborhood House Food Shelf in St. Paul and Ralph Reeder Food Shelf in Mounds View. Twice…
Mobile Deposit Endorsement
Help us fight check fraud. For checks deposited through our mobile app, please endorse the check with your signature and “For Mobile Deposit Only BankCherokee.” Why is this change being made? The Federal Reserve changed the endorsement requirement for checks being deposited via mobile devices. The change aims to protect banks from fraud, which can…
Commercial Loans – Top 8 things to do in a rising interest rate environment
Author Bryan Frandrup is Chief Lending Officer at BankCherokee in St. Paul. Contact Bryan at bfrandrup@bankcherokee.com or 651-291-6208 with any questions or comments. We are currently experiencing a rapidly changing interest rate environment. With the recent Fed rate changes, this marks the fastest pace of rate hikes since the 1980s. Higher interest rates mean higher…
Introducing your new statement!
New easier to read statements with added benefits. We are excited to introduce you to your new, easier to read account statements. We hope you enjoy the added benefits these statements offer. Thank you for banking with BankCherokee. Benefits: New, easy to read design. Statements are in color. Includes additional information to keep you informed…
