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.
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Federal Holiday – Bank Closed Monday, February 16th
In honor of the federal holiday, all BankCherokee branches will be closed on Monday, February 16. We’ll be back to serve you with regular business hours on Tuesday, February 17. Important Processing Information:
Buy or Rent? – Jon Kvasnik on WCCO radio
With mortgage interest rates on the rise, is buying a home still better than renting? Are you nervous about rising rates and prices? Jonathan Kvasnik, ChFC of Cherokee Investment Services, shares his thoughts with Rena Sargianopoulos on the Chad Hartman show on WCCO radio.
ICBA and BankCherokee: Community Banks Create Stronger Communities
In honor of Community Banking Month in April, BankCherokee and the Independent Community Bankers of America (ICBA) are shining a spotlight on community bank efforts to create economic prosperity for Americans in urban, suburban, and rural communities nationwide. “As a local lender vested in the success of our customers and community, we apply our knowledge…
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…
COVID-19: Unemployment Insurance Information
Resources for workers and employers In order to slow the spread of the COVID-19 virus, Governor Walz announced the temporary closure of Minnesota restaurants and bars to dine-in customers as well as the closure of other places of public accommodation and amusement. This order is effective March 17th at 5:00 p.m. until March 27 at…
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…
