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This bank is insured by the Federal Deposit Insurance Corporation. The FDIC Certificate ID is 8537. Click on the Certificate ID # to confirm this bank’s FDIC coverage using the FDIC’s BankFind tool.
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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…
Lesson 7: The Big Things Dreaming of the future inspires us to make the most of the present. Making a picture board of your dream wedding, designing the perfect lake cabin, collecting college brochures for your kids, planning a retirement party – we dream big, but what happens if things don’t go as planned? Consider…
How will inflation affect your retirement? Listen as Jonathan Kvasnik and Cory Hepola discuss the connection between inflation, income, and retirement. Listen to the interview here. Securities offered through Securities America, Inc., member FINRA/SIPC. Jonathan B. Kvasnik, ChFC, Registered Representative Advisory services offered through Securities America Advisors, Inc. Cherokee Investment Services and Securities America…
Protect Yourself and Your Business. The Business E-mail Compromise (BEC) is a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. Formerly known as the Man-in-the-E-mail Scam, the BEC was renamed to focus on the “business angle” of this scam and to avoid confusion with another unrelated scam….
Wondering if social security will still be around when you retire? Listen as Jonathan Kvasnik and Cory Hepola discuss the importance of retirement planning to supplement social security. Listen to the interview here. Securities offered through Securities America, Inc., member FINRA/SIPC. Jonathan B. Kvasnik, ChFC, Registered Representative Advisory services offered through Securities America Advisors,…
Lesson 6: The Next Generation Honeybees rely heavily on their progeny for survival of the hive. It takes a lot of effort to ensure a smooth transition to the next generation of a honeybee colony. First, the worker bees prepare cells in the brood chamber based on how many new workers, drones and queens they…
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…
Lesson 5: Hope. Hope for the end of the pandemic, hope for inclusion and equality, hope for economic recovery, hope for our country, hope for our world. With all that has happened in the past year, hope may seem very distant. Spring has always been a symbol of renewal and hope. This spring we need…
After significant consideration, we have made the decision to permanently close the BankCherokee branch located at 675 Randolph Avenue, effective at the end of business day May 14, 2021. We look forward to serving our Randolph customers at one of our other Saint Paul branches located just two miles from the Randolph branch. The addresses…
Lesson 3: Community – Together we thrive Honeybees are some of the best collaborators in nature. Without working together, the hive will fail. Each bee has a role – the Queen lays eggs, the male bees mate with the Queen, the female bees work. The distribution of labor in a beehive is fascinating. The bees’…
