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First Time Home Buyers Savings Account

First Time Home Buyers Savings Account

Did you know, thanks to the passage of legislation this year, people who want to save for a down payment on their first home in Minnesota and Iowa can now take advantage of a First-Time Homebuyer Savings Account? The Minnesota Bankers Association worked with a broad coalition of interest groups at the state Capitol to pass a bill that, beginning in tax year 2017, allows that a standard savings account can be exclusively dedicated for down payment funds and closing costs for a first home …

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Martin Jager extends reach of Heritage Business Team

The addition of a new Business Banker is a critical piece in the expansion of our service area

Heritage Bank N.A. is excited to announce the hiring of Marilee Martin Jager as a Business Relationship Manager. Ms. Martin Jager complements the team, bringing more than 12 years of banking experience from various sized markets.

“Marilee’s thorough knowledge of the financial industry and her attention to detail will prove highly beneficial to the clients she serves throughout central and western Minnesota,” Market President Ross Magnuson said. “We are …

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Caution advised on high land rental rates

Caution advised on high land rental rates

Many crop producers in the Upper Midwest are coming off one of their best years ever in 2015, as far as corn and soybean yields are concerned. In addition, many farm operators in the same region that are enrolled in the new Ag Risk Coverage (ARC-CO) farm program option recently received a significant ARC-CO payment on their 2014 corn crop, and some producers also received an ARC-CO payment on their 2014 soybean crop. These two factors are leading some farm operators to be overly optimistic …

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Magnuson Named New Market President at Heritage Bank

Magnuson Named New Market President at Heritage Bank

[WILLMAR, MN] – Heritage Bank, N.A, a multi-state community bank with offices in central Minnesota and northwestern Iowa, announces Ross Magnuson will become Minnesota’s new Market President, succeeding Wayne Nelson. Nelson is retiring in December after 18 years with Heritage Bank.

Magnuson is a veteran banker with 31 years in financial services. As a Business Banking Relationship Manager, Magnuson is a strong community advocate and understands the dynamics of community banking. As Market President, he will oversee the day-to-day banking operations in Willmar, Spicer, Raymond and …

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