Blog: OUR two cents
SNBT Teaches Children About Saving Money
SNBT celebrated National Teach Children to Save Day and participated in the M&M Area Community Foundation’s Future Fund Deposit Day.
Celebrating the Power of CommUNITY
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 18-23.
Dolata Named Lending Officer at SNBT Oconto Office
Jenni Dolata has been named Retail Lending Officer at the Oconto Office of The Stephenson National Bank & Trust (SNBT).
Addison Promoted to Senior Trust Officer
Heather Addison has been promoted to Senior Trust Officer at The Stephenson National Bank & Trust (SNBT).
SNBT Supports Area Youth Organizations through Hometown Giving Back Program
In 2020, The Stephenson National Bank & Trust (SNBT) announced “Hometown Giving Back,” which turns a simple checking account into an effortless opportunity to help local youth. At the conclusion of 2021, the Hometown Giving Back Program allowed SNBT to donate $8,636.66, divided equally between four local youth programs.
Newingham and Chaltry Promoted to Business Banking Officers
Aric Chaltry and Jenna Newingham have been promoted to Business Banking Officers at The Stephenson National Bank & Trust (SNBT). Their responsibilities of developing and managing commercial loan relationships will also include commercial lending for real estate, equipment, SBA loans, and lines of credit.
SNBT Community Leadership Award Honors Mike Biehl
Mike Biehl, local Marinette business owner, recently accepted the Community Leadership Award from The Stephenson National Bank & Trust (SNBT). Now in its third 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.
10 Years and Counting: Points to Consider as You Approach Retirement
If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. When you begin to ponder all the issues surrounding the transition, the process can seem downright daunting. However, thinking about a few key points now, while you still have years ahead, can help you focus your efforts and minimize the anxiety that often accompanies the shift.
SNBT Recognized by Beta Sigma with Friend of Education Award
Beta Sigma Chapter of Delta Kappa Gamma (DKG) International Society voted unanimously to recognize The Stephenson National Bank & Trust (SNBT) as a business deserving recognition through the DKG Chapter Friend of Education Award. This award recognizes persons, groups, or businesses who have given outstanding service to education.
Should I Invest in a Traditional IRA or a Roth IRA?
There is no easy answer to this question. Both allow certain low and middle-income taxpayers to claim a partial tax credit for amounts contributed. But important differences exist between these two types of IRAs. In fact, the Roth IRA is in some ways the opposite of the traditional IRA.
Testimonials of SNBT Support in the Community
SNBT has a long history of aiding the needs of local non-profits. This year donations totaling $200,000 were made to area organizations. Read stories from 2021 recipients sharing how the donations from SNBT helped support their mission.
SNBT Welcomes New Vice President and Expands Treasury Management Services
Tifanie Tremble has joined SNBT as Vice President and Director of Treasury Management. With Tremble’s addition, the bank has made a commitment to expand its Treasury Management services. This expansion allows SNBT to offer an even higher level of service to help businesses streamline their finances. In addition, it will bring more robust products to assist businesses with managing cash and financial assets.
Rusch Promoted to Vice President/Manager of Trust Operations & CRM
Kelly Rusch has been promoted to Vice President/Manager of Trust Operations & CRM at The Stephenson National Bank & Trust (SNBT). Rusch is responsible for implementing, maintaining, and continuously improving the use and functionality of the bank’s CRM system, Salesforce, for bank teams. She manages vendors, software, taxes, statements, accounting, and does preparation for audits.
SNBT Donates $200,000 in Community Contributions
In a normal year, the holidays can be trying for many organizations. Though this year has been another test of resiliency, the holiday spirit is strong enough to bring people together. To celebrate this generosity, The Stephenson National Bank & Trust (SNBT) shared year end contributions with 84 local non-profit organizations.
SNBT Honored for Financial Literacy Achievements
For the 22nd year in a row, The Stephenson National Bank & Trust has earned the Certificate of Excellence in Financial Education Award from the Wisconsin Bankers Association (WBA). This award honors a bank-wide dedication to financial education during the 2020–2021 fiscal year. As a result of the pandemic, many bankers have come up with creative ways to advocate for the importance of financial literacy to consumers of all ages.
Holstrom Earns Bank Award for Outstanding Service
Kirsten Holstrom recently received the 2021 Mary L. Staudenmaier WINGS (Worthy Individual Noted for Generous Service) Award. The award epitomizes Holstrom’s steady participation in public service for the community.
Think "Local First"
Helping our small businesses thrive can have a major impact on our community’s economic sustainability. Small businesses generate two out of every three new jobs in the U.S. and help keep families and neighborhoods healthy. Let’s start asking the question: How can we keep money in our community?
Mary L. Staudenmaier Named to WBA Leaders in Banking Excellence
Mary L. Staudenmaier, former bank President and Chairman of the Board at SNBT, was honored by the Wisconsin Bankers Association for her excellence in banking, community service, and civic involvement. A celebration was held on Friday, October 29 at the WBA headquarters in Madison, where a Leaders in Banking Excellence Wall installation displays a tribute to outstanding current and former bankers.
3 Creative Ways to Build Savings
The savings account is such a simple tool that we often forget it’s value. It cushions the blow during emergencies, provides security when tomorrow is uncertain, and holds those precious, hard-earned dollars while you work towards a big purchase. Building up that savings nest egg is the tricky part. Let’s look at 3 ways you can put money away while barely noticing it’s gone.
Plan Now for Holiday Travel
Summer is over and autumn is in full swing, which means the holiday travel season is right around the corner. By planning your holiday travel now you can stretch your budget further than you think! Here are some cost-saving tips to keep in mind as you're planning your winter travel.
Mogensen Promoted to Vice President/Chief Credit Officer
Shelly Mogensen has been promoted to Vice President/Chief Credit Officer at The Stephenson National Bank & Trust (SNBT) and will serve on the Senior Management team. Mogensen is responsible for administering the bank’s loan policies and practices. She develops and recommends loan policies and credit risk review policies and procedures, identifies credit risk situations, and provides guidance to officers and management.
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.
SNBT Voted Best Bank and Best Financial Planner
For the 11th year, The Stephenson National Bank & Trust has won the award for Best Bank from the EagleHerald Newspaper Readers’ Choice Survey! In addition to this honor, we have also been voted Best Financial Planner!
SNBT President To Serve As Officer on Bankers Association Board
Dan Peterson, president and CEO of The Stephenson National Bank & Trust in Marinette, will serve as the 2021–2022 chair-elect of the Wisconsin Bankers Association (WBA) Board of Directors.
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:
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:
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.
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...