“I’ve lived in Osakis and been a customer for decades. My grandparents and parents were customers. The bank employees know me. Why are they asking me all these questions?” The simple (and unpopular) answer is that it’s required by policy and regulatory changes. Unfortunately, the days of banking with just a handshake are gone. We,… Continue Reading Why We Ask All Those Questions
Topics You NEED to know from First National Bank of Osakis. We'll focus on personal finance topics and questions for you.
A message from Ryan Peterson, Vice President of FNB: Growing a family is something that is rewarding on many levels, most of which cannot be measured. If you’re expecting, or planning on growing your family, congratulations! It’s not a small decision to make, and although you may never feel like you’ve truly done enough to… Continue Reading The Costs of Childcare
For the Love of Paws >> Budgets Are Ruff! We can all expect to budget or save for some of those big expenses in our lives, such as purchasing a new car, putting a down payment on a home or even an extravagant wedding. But something we don’t always budget for is the cost of… Continue Reading For the Love of Paws Budgets Are Ruff
With online financial technology companies ramping up pressure to get into community banking, only the time-tested, traditional community banking model ensures these advancements are not at the expense of customers trust, financial resources, and community wealth. Just recently, a company named Robinhood Financial LLC advertised a 3% deposit account, and in that advertisement for the… Continue Reading FDIC Insurance Keeps Your Money Safe and Secure
A MESSAGE FROM YOUR CCR AMANDA: Hey Everyone – It’s Amanda, your Customer Service Concierge at FNB! I wanted to share some information on dormant accounts and how you can avoid having your account going inactive! If you have any questions in regards to inactivity, dormancy, or just want to talk about your accounts, stop… Continue Reading The Dreaded Word Dormancy and What It Actually Means for You
“Tis the season,” tax return season, that is. The season where many large, consumer purchases are made possible with the down payment a tax return provides. It’s one thing to buy something outright, but increasingly more and more consumer spending is on items that require some level of financing. Getting a loan isn’t a bad… Continue Reading Impulse Purchases: Defending Your Budget
In our previous post we’ve laid out good practices for keeping your account information safe from fraud. But, we understand that consumer fraud is still a risk that our customers could encounter. With the growing complexity of consumer debit card fraud, we have partnered with SHAZAM to help provide us expertise on the process of… Continue Reading Unauthorized Debit Card Transaction?
Scams and fraud have never been more threatening to your everyday life. It is important to keep your main checking account void of any connections to higher-risk areas, such as debit cards, online shopping, or connections to 3rd party vendors such as Paypal, Venmo, etc. With the more auto deposits, auto withdrawals and the amount… Continue Reading Keep Your Checking Account SAFE!
Increased compliance regulation is invading the customer relationship and exhausting locally-owned and managed community banks into consolidating at a historic rate. Since 2010, the year major banking compliance regulation was passed in the form of Dodd-Frank Wall Street Reform and Consumer Protection Act, the United States has lost over 1,800 banks, and 94% of that… Continue Reading Message from the President: The Real Reason for Bank Consolidation
Entering 2018, the 115th year of the First National Bank of Osakis’ existence, it is important to reflect on the vital role locally-owned and managed community banks play in personal finance, economic development, and community leadership for their small communities. Year after year, we read articles (such as this recent one in the WSJ) narrating… Continue Reading Message from the President: Banking Local Matters