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Introducing GROW and Intentional Growth

Introducing GROW and Intentional Growth

Heritage Bank has started offering a Customer Education Series called GROW.  The series will cover a variety of topics that are aligned with our purpose, to help people succeed financially.

With the GROW series, we intend to provide something that is truly unique among financial institutions, reinforcing our reputation as trusted advisors for our customers.

We are happy to announce the first program in our GROW series is a seminar for business owners entitled Intentional GrowthTM . This program offers a process to help business owners clarify what they want their business to achieve …

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Jeff Asche Named a Minnesota Housing Top Producing Loan Officer

Jeff Asche Named a Minnesota Housing Top Producing Loan Officer

Willmar, Minn. – Jeff Asche, Mortgage Loan Originator at Heritage Bank, was named a Top Producing Loan Officer by Minnesota Housing at the Gold Level for his Single Family homeownership program loan production volume during 2020.

Housing is a foundation for success, and Minnesota Housing participating lenders and our Top Producers are committed to helping homebuyers build equity and wealth through successful homeownership, so that all Minnesotans live in a stable, safe home they can afford in a community of their choice.

Minnesota Housing supports and strengthens …

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Low Rate Equipment Loan Program

Low Rate Equipment Loan Program

We have your Equipment Financing solution!

Is your farm or business needing to upgrade or add to your equipment?

We are now offering rates as low as 2.54% APR (Annual Percentage Rate) for loans of $100,000 or more to qualified borrowers!

Commercial and Ag Financing loans
$100,000 minimum loan size
0.50% origination fee
$175 loan documentation fee
3-year fixed rate with a maximum 7-year amortization

Contact us to get your application started or for more information!

 

#riseupwithHeritage

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#riseupwithHeritage

#riseupwithHeritage

After more than a year of restrictions and shut-downs, it is no surprise that many continue to experience impacts from COVID-19.

Heritage Bank is here to help! We have various options to connect with you.  Ask our bankers about programs that may assist you with your mortgage, business or personal banking.

We invite you to join us and #riseupwithHeritage to support our neighbors and our business community. Working together, we will help you achieve your financial goals!

Tools to help you #riseupwithHeritage:

Live customer service at Hybrid ATMs from 7:00 a.m. …

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Mobile Wallet Contactless Payment

Mobile Wallet Contactless Payment

Your Device. Your Choice.

With a quick tap of your smartphone or smartwatch, you can use your Heritage Bank Mastercard® debit card to pay at millions of store locations that accept mobile payments. You get all of the same benefits your card offers, including the added protection of Mastercard Zero Liability.*

Adding layers of security to every transaction

Each time you use one of these trusted solutions, a unique one-time-use code, or token, is used so that your payment information is never shared with merchants or stored …

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Focus On Ag

Focus On Ag

Written by Kent Thiesse

ANALYZING FARM PROGRAM DECISIONS FOR 2021
The deadline to sign-up for the 2021 farm program is March 15 at local USDA Farm Service Agency (FSA) offices throughout the United States. Beginning with 2021 and continuing through 2023, farm program choices (PLC, ARC-CO or ARC-IC) will be made on an annual basis for each crop in each marketing year. This allows producers to choose or switch their farm program choices on each FSA farm unit for each given year. Eligible Producers will be able …

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Traditional vs. Roth IRA

Traditional vs. Roth IRA

What is an Individual Retirement Account (IRA)?

An individual retirement account (IRA) is a tax-advantaged investment account that individuals can use for retirement savings. There are several types of IRAs, such as traditional, Roth, SEP or SIMPLE. Contributions to some IRAs may be tax-deductible or withdrawals may be tax-free.

 

Why invest in an IRA?

Putting money in an IRA can help you better prepare for retirement, plus it can help you save on taxes and get access to investment options that your workplace retirement plan might not …

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What is an ACH payment? 

What is an ACH payment? 

ACH payments are electronic payments that go through the Automated Clearing House (ACH) Network. Funds move from one bank account to another with the help of a centralized system that directs funds to their final destination. 

The ACH network facilitates electronic money transfers and automatic payments between more than 10,000 banks and financial institutions. Direct deposits, paychecks, tax refunds, and bill payments are some of the most common forms of ACH payments. ACH transactions can occur between an individual and a business, between an individual and a …

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Why do U.S. coins seem to be in short supply?

Why do U.S. coins seem to be in short supply?

Business and bank closures associated with the COVID-19 pandemic have significantly disrupted the supply chain and normal circulation patterns for U.S. coins. While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country.

The Federal Reserve is working with the U.S. Mint and others in the industry on solutions. As a first step, a temporary cap was imposed on the orders depository institution’s place for coins with the Federal Reserve …

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APY vs APR – what is the difference?

APY vs APR – what is the difference?

To break it down, APY, or Annual Percentage Yield, is the interest you earn on money stored in a savings account, while APR, or Annual Percentage Rate, is the interest you owe when you borrow from the bank. It’s important to know the difference between these two key terms as they impact your finances, especially when investing or taking out a loan. APY and APR affect how your interest is ultimately calculated. Knowing the difference between APR and APY could help you earn more or owe less money. 

APY “Annual Percentage Yield” is the …

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