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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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…
In The News – Jon talks to WCCO Radio
Money News with John Hines from WCCO Radio: Listen to John Hines with WCCO Radio and Jonathan Kvasnik with Cherokee Investment Services and BankCherokee as they sort through the clutter to discuss credit card debt, inflation, savings and more.
Preparing Your Business for the End of the Penny
Preparing Your Business for the End of the Penny Why the U.S. penny is going away and what it means for you For more than two centuries, the U.S. penny has quietly done its job: sitting in cash drawers, jingling in pockets, and collecting in jars on kitchen counters. But that era is coming to…
Understanding FDIC Insurance
As a community bank, BankCherokee remains well-capitalized and well-positioned to continue to serve our customers and community. We were chartered 115 years ago and expect to serve this community for generations to come. As a community bank customer, you have access to our experienced team, and we stand ready to assist you at all times…
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…
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…
