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.
Similar Posts
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…
PPP Loan Forgiveness
Paycheck Protection Program – Loan Forgiveness We are currently accepting applications for the forgiveness of PPP loans made by BankCherokee. Typically, PPP borrowers have 16 months after first receiving funds before loan payments begin. Accordingly, first round PPP borrowers will be required to start making loan payments as early as August of 2021. We are…
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…
Washington Proposes IRS Bank Account Reporting
We care about you, your finances, and your account with us, so we want to let you know about a concerning proposal taking shape in Washington, D.C. If passed, the proposal would require financial institutions like ours to report a larger range of information about your account to the IRS. This new reporting plan could…
Cherokee Online Secure Login is Changing
One Time Passwords are replacing Security Challenge questions on Wednesday, August 3rd at 10:00 AM Central Time. We are adding additional security to Cherokee Online banking by implementing One Time Passwords (OTP). Once enrolled, you will no longer be asked Security Challenge questions. When a new device is detected or our system detects suspicious activity,…
The High Bridge Money Market Account
Introducing…The High Bridge Aim high with our high-yield money market account. High-yield savings account with complete liquidity. Variable interest on your entire balance. Minimum Opening Deposit $25,000 (New Money Only – funds not currently on deposit with BankCherokee) Minimum Balance / Requirements $25,000 daily ledger balance Monthly Maintenance Charge None, or $15 per month if…
