The State Bank of Fenton: Your Local Financial Partner for Over a Century

Introduction

Welcome to The State Bank of Fenton, a trusted financial institution serving the Fenton community and the surrounding area for over 125 years. Committed to customer satisfaction and community involvement, our bank offers a wide range of banking and financial services tailored to meet the diverse needs of our clients.

Our History

Established in 1892, The State Bank of Fenton has a rich history of providing financial stability and support to individuals, businesses, and the community. Throughout the years, we have weathered economic storms, expanded our services, and remained a constant source of financial security for our valued customers.

Our Services

At The State Bank of Fenton, we offer a comprehensive suite of financial services, including:

• Personal Banking: Checking accounts, savings accounts, loans, mortgages, and financial planning
• Business Banking: Commercial loans, lines of credit, cash management, and merchant services
• Agricultural Banking: Farm loans, crop insurance, and other specialized services tailored to the agricultural industry
• Online and Mobile Banking: Convenient and secure access to your accounts 24/7 through our user-friendly online and mobile platforms

Why Choose Us?

1. Local Presence and Community Involvement: As a local bank, we are deeply invested in the Fenton community. We support local businesses, organizations, and events, and actively participate in community initiatives that enhance the well-being of our neighbors.

2. Personalized Service: Our friendly and knowledgeable staff is dedicated to providing personalized service to every customer. We take the time to understand your financial goals and tailor our services to meet your specific needs.

3. Competitive Rates and Low Fees: We offer competitive interest rates and low fees on our deposit and loan products, helping you save money and maximize your financial return.

Our Commitment to Excellence

At The State Bank of Fenton, we are committed to providing our customers with exceptional service and financial solutions that empower them to achieve their financial goals. We continually invest in technology, training, and innovation to enhance our offerings and provide our clients with the best possible banking experience.

Personal Banking

1. Checking Accounts:

• Standard Checking: No minimum balance or monthly maintenance fees
• Advantage Checking: Higher interest rates and additional features for higher account balances
• Free checking for students and seniors

2. Savings Accounts:

• Regular Savings: Earn interest on your savings with a minimum balance of $10
• Money Market Account: Higher interest rates and check-writing privileges
• Certificates of Deposit (CDs): Fixed-term investments with competitive interest rates

3. Loans:

• Personal Loans: Unsecured loans for various purposes, such as debt consolidation or home improvements
• Auto Loans: Competitive rates and flexible terms to finance your new or used vehicle
• Mortgage Loans: Conventional, FHA, and VA loans to help you purchase or refinance your dream home

Business Banking

1. Commercial Loans:

• Term Loans: Long-term loans for capital expenditures, equipment purchases, and business expansion
• Lines of Credit: Short-term loans to cover working capital needs or seasonal fluctuations

2. Cash Management:

• Business Checking: No minimum balance or monthly maintenance fees
• Business Savings: Earn interest on your surplus funds
• Online Bill Pay: Convenient and secure way to manage your business expenses

3. Merchant Services:

• Credit Card Processing: Accept credit and debit cards to streamline your business transactions
• POS Systems: Point-of-sale systems to enhance your checkout experience
• E-commerce Solutions: Secure and reliable payment processing for online businesses

Agricultural Banking

1. Farm Loans:

• Operating Loans: Short-term loans to cover production expenses, such as seed, fertilizer, and fuel
• Real Estate Loans: Long-term loans to finance land purchases or improvements
• Livestock Loans: Loans to finance livestock acquisition or expansion

2. Crop Insurance:

• Multi-Peril Crop Insurance (MPCI): Government-backed insurance to protect crops from weather-related losses
• Revenue Protection: Insurance to protect against low yields or prices

Tips and Tricks

• Set financial goals: Clearly define your short-term and long-term financial objectives to guide your saving and investment decisions.
• Create a budget: Track your income and expenses to identify areas where you can save money or optimize your spending.
• Save regularly: Make saving a habit by setting up automatic transfers from your checking to your savings account.
• Invest wisely: Diversify your investments and consider your risk tolerance when making investment decisions.
• Review your accounts regularly: Monitor your account statements and financial reports to ensure accuracy and identify any potential issues early on.

Common Mistakes to Avoid

• Overspending: Living beyond your means can lead to debt and financial stress.
• Ignoring debt: Failing to repay debts on time can damage your credit score and result in penalties.
• Investing without a plan: Making investment decisions based on emotions or short-term trends can lead to financial losses.
• Not saving for retirement: Neglecting to save for retirement can jeopardize your financial security in your later years.
• Falling for scams: Be wary of fraudulent financial schemes that promise unrealistic returns or quick profits.

FAQs

1. What are your hours of operation?

• Monday-Friday: 9:00 am - 5:00 pm

2. Do you have any ATMs in Fenton?

• Yes, we have ATMs located at our main branch and at select retail locations throughout Fenton.

3. What is your interest rate on a 12-month CD?

• Please visit our website or contact our branch for current interest rates.

4. Do you offer mobile banking?

• Yes, we offer a user-friendly mobile banking app for both iOS and Android devices.

5. Can I apply for a loan online?

• Yes, you can apply for a loan online through our secure website.

6. Do you provide financial planning services?

• Yes, we offer personalized financial planning services to help you plan for your future financial goals.

Call to Action

Thank you for considering The State Bank of Fenton as your financial partner. We invite you to visit our main branch or contact us online to learn more about our services and how we can help you achieve your financial dreams. Together, we can build a secure and prosperous financial future for you and your family.

Tables

Table 1: Checking Account Fees

Table 2: Savings Account Interest Rates

Table 3: Loan Rates