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PPP Loan Forgiveness

PPP Loan Forgiveness
Post Date May 5, 2021

Thank you for choosing Heritage Bank to help with your Paycheck Protection Program Loan. 

As we have moved into the Forgiveness phase of the PPP program, Heritage Bank uses an online application process to complete your PPP Loan forgiveness request and submission to SBA.  Unfortunately, we are unable to accept paper or email applications.  Based on the amount of your loan you may be able to submit your applications now, please see below for your availability.

As a reminder, you will be able to request forgiveness up …

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Low Rate Equipment Loan Program

Low Rate Equipment Loan Program
Post Date April 12, 2021

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
Post Date April 1, 2021

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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PPP Hundred Million Milestone

PPP Hundred Million Milestone
Post Date February 26, 2021

ONE-HUNDRED MILLION DOLLARS!
Celebrating a milestone at Heritage Bank!

Heritage Bank has successfully completed the approval process for over $100 Million in PPP loans to small businesses! James Miller, Relationship Manager and SBA Paycheck Protection Program Specialist, along with Jamie Blades, Process Coordinator, spread the news today. “It is a team effort here,” Miller said. “We have people helping from all areas of the bank. If someone has down time, we get them busy processing loan documents.”

$100 Million in Paycheck Protection Program loans translates into about 11,200 people whose paychecks were …

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Mobile Wallet Contactless Payment

Mobile Wallet Contactless Payment
Post Date February 9, 2021

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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Traditional vs. Roth IRA

Traditional vs. Roth IRA
Post Date January 25, 2021

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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New style, more choices and a faster turnaround

New style, more choices and a faster turnaround
Post Date October 6, 2020

Our debit cards receive a makeover!

We are excited to unveil new designs for our Consumer debit card, Business debit card and Health Savings Account debit card. These will be available mid-October.

NEW Consumer debit card:

NEW Business debit card:

NEW Health Savings Account debit card:

No need to pre-order!

As usual, before your card reaches its expiration date, we will send you a new card in the mail.

Want a more personalized look?

We have four unique options for Consumer debit cards! For only $10.00 per card, we can print you a …

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What is an ACH payment? 

What is an ACH payment? 
Post Date August 25, 2020

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?
Post Date August 21, 2020

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?
Post Date August 20, 2020

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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