Celebrating Power of Community Week

In an effort to celebrate the strong bond and relationship between local businesses, schools, and families and their hometown community bank, The Stephenson National Bank & Trust (SNBT) recognized the Power of Community Week April 19-24 during National Community Banking Month and National Financial Literacy and Capability Month.

SNBT Originates 50.5 Million in PPP Loans

The lending team worked tirelessly to make sure roughly 730 SBA loan applications, totaling $50.5 million, were originated and funded through both rounds of the Paycheck Protection Program. Through this program, SNBT was able to help support the jobs of roughly 8,000 local employees.

Getting Creative for Teach Children to Save Day

Learning never stops. Some skills, such as money management, will ALWAYS be essential, no matter the circumstances. Even with the school structure looking a bit different than years past, the staff at The Stephenson National Bank & Trust (SNBT) has continued to find creative ways to connect with the community for National Teach Children to Save Day.

5 Tips to Keep Your Debit Card Safe

Despite the convenience of Debit Cards, there is a risk of fraud or theft. In fact, it’s just as important to protect your Debit Card as you would protect cash, credit cards, and checks. To avoid becoming a victim of Debit Card fraud, consider these tips:

Let’s invest in something even bigger... each other

Our local economy is a giant circle. The circle starts when a person shops locally at grocers, hardware stores, or repair garages. In turn, those business owners, and their employees, patronize independent restaurants, clothing shops, and hair salons. The circle revolves and ultimately helps our communities prosper, eventually funding more city services through sales taxes.

Durow Promoted to Senior Vice President

Beth Durow has been promoted to Senior Vice President, Chief Financial Officer at The Stephenson National Bank & Trust (SNBT). 

Tips for Protecting Yourself Online

The internet is a powerful resource that we depend on everyday for shopping, banking, and connecting with friends. Yet, for all its advantages, it can also make you vulnerable to fraud, identity theft, and other scams. 

What's The Best Way To Save Money?

Creating a "rainy day fund" or building up savings is a top financial goal for many consumers, usually falling just below paying off debts in consumer polls. If increasing your short-term savings is on your financial to-do list, there are a few different options for you to consider. After all, not all savings accounts are the same. Here are a few to keep in mind:

Testimonials of SNBT Community Support

Each year, SNBT makes monetary donations to area non-profits. The number of year-end donation recipients for 2020 totaled 80 organizations and monetary contributions for the entire year totaled over $180,000. Below are a few personal stories from donation recipients describing how these funds will help them continue their mission in our communities.

Jeans for Greens at SNBT raises $5,000

Throughout 2020, SNBT employees have dressed down to raise money for local charities. The program is dubbed “Jeans for Greens” and it takes place on Fridays when SNBT employees make personal donations to local non-profits in exchange for wearing their favorite blue jeans. 

Overdraft Protection: Is it right for you?

Sometimes mistakes happen, which may cause you to overdraw your account. There are services to help protect you from paying major fees.

7 Tips for Improving Your Credit Score

An important step to finding a home, whether you’re renting or buying, is ensuring that you have a good credit history. The Stephenson National Bank & Trust suggests the following tips to improve your credit score.

Blunders Small Business Owners Often Make

Entrepreneurial ventures come well equipped with missteps, mishaps, and mistakes. No matter how prevalent your business is, you are bound to run into problems at some point.

Debit Card Tips You Should Know

Learn about debit card limits, the difference between PIN and Signature Based transactions and how to avoid overdrawing your account while using your ATM.

Increase Your Chances of Getting a Small Business Loan

A quick synopsis to help small business owners as you prepare to apply for a loan.

Overdraft Consideration Details

Overdraft Consideration (OC) is for consumers who inadvertently overdraw their checking account. Rather than automatically returning the item(s) unpaid for nonsufficient funds, we will consider payment of the item(s) that overdrew the account. OC is provided as a courtesy to consumer accounts in good standing and is not intended to be used on a regular basis.

SNBT Donates $7600 from Hometown Giving Back

“Hometown Giving Back” program turned a simple checking account into an effortless opportunity to help DAR Boys & Girls Club and Crivitz Youth, Inc. The concept resonated well with area residents; SNBT committed to donating a percentage of its own money based on the dollar amount in the Hometown Checking account. At the conclusion of the 2020, the Hometown Giving Back Program allowed SNBT to donate $7600, split evenly between the two youth organizations.

SNBT Community Leadership Award Honors Essential Healthcare Professionals

Ed Harding, President of Aurora Medical Center - Bay Area recently accepted the Community Leadership Award from The Stephenson National Bank & Trust (SNBT). Now in its second year, this award highlights one of SNBT’s Core Values: Community Leadership, and will be given annually to a person, a business, or a non-profit organization. 

Schwartz Earns Bank Award for Outstanding Service

Robert C. Schwartz recently received the 2020 Mary L. Staudenmaier WINGS (Worthy Individual Noted for Generous Service) Award. This award was named in honor of The Stephenson National Bank & Trust’s (SNBT) former-chairman and long-time president. The award epitomizes Schwartz’s steady participation in public service for the community.

Ten Strategic Retirement Savings Moves

74% of workers reported they plan to work during retirement

Why?  They have little or no retirement savings, and many workers continue to be unaware of how much they need to save for retirement. Only 42% reported they’ve tried to calculate how much money they will need saved by the time they retire.
– 2011 Retirement Confidence Survey by Employee Benefit Research Institute

Will You Outlive Your Retirement Savings?

It’s a fact – the average person spends 20 years in retirement.

This means retirement nest eggs must stretch longer  to sustain those years. Read on to learn how you can create sustainable retirement income and minimize the likelihood of becoming one of these statistics...