Established in 1913, The State Bank of Herscher has been an integral part of the Herscher community for over a century. With a strong commitment to providing exceptional financial services and supporting the local economy, the bank has earned a reputation as a reliable and trusted financial partner. This article delves into the history, services, and impact of The State Bank of Herscher on the community.
The bank's origins can be traced back to 1913 when a group of local businessmen recognized the need for a dedicated financial institution in Herscher. With a capital investment of $25,000, The Herscher State Bank opened its doors on January 17, 1913. Over the years, the bank has undergone several expansions and rebranding, eventually adopting the name The State Bank of Herscher in 1967.
The State Bank of Herscher offers a comprehensive range of financial services to meet the needs of individuals, families, and businesses. These services include:
Beyond its financial services, The State Bank of Herscher is deeply committed to the well-being of the Herscher community. The bank is a major supporter of local businesses, schools, and charitable organizations. Through various initiatives and programs, the bank strives to foster economic growth, support education, and enhance the quality of life for residents.
Choosing The State Bank of Herscher as your financial partner offers numerous benefits, including:
The presence of The State Bank of Herscher has had a profound impact on the economic and social fabric of the community. By providing access to capital, fostering financial literacy, and supporting local businesses, the bank has contributed to the overall prosperity and well-being of Herscher.
Whether you're a seasoned customer or new to banking, these tips can help you maximize your experience with The State Bank of Herscher:
Q1: What is the minimum deposit required to open an account?
A1: The minimum deposit varies depending on the type of account. Please contact the bank for specific requirements.
Q2: Are there any fees associated with checking accounts?
A2: The bank offers various checking account options with different fee structures. Please visit the bank's website or inquire with a banker for details.
Q3: Does The State Bank of Herscher offer online loan applications?
A3: Yes, the bank provides an online loan application process for personal loans, mortgages, and business loans.
Q4: How can I access my account information outside of regular banking hours?
A4: Online and mobile banking services allow you to access your account information and make transactions 24/7.
Q5: What is the procedure for filing a loan application?
A5: To apply for a loan, you can visit the bank's website, call the loan department, or schedule an appointment with a loan officer.
Q6: Does The State Bank of Herscher offer investment advisory services?
A6: Yes, the bank offers a range of investment advisory services through its partnership with experienced professionals.
If you're looking for a financial institution that prioritizes your needs, values community involvement, and provides exceptional financial services, The State Bank of Herscher is the ideal choice for you. Visit the bank's website or contact a banker today to learn more about how they can help you achieve your financial goals.
Indicator | Value |
---|---|
Total Assets | $112.2 million |
Net Income | $1.5 million |
Return on Assets (ROA) | 1.25% |
Return on Equity (ROE) | 9.5% |
Capital Adequacy Ratio | 12.5% |
Product | Interest Rate |
---|---|
Checking Account | 0.05% APY |
Savings Account | 0.10% APY |
Money Market Account | 0.20% APY |
Personal Loan | 5.99% - 12.99% |
Mortgage Loan | 3.5% - 5.5% |
Business Loan | 4.5% - 8.5% |
Service | Fee |
---|---|
Monthly Service Fee (Checking Account) | $5 |
Overdraft Fee | $30 |
Stop Payment Order Fee | $25 |
Wire Transfer Fee (Domestic) | $20 |
Wire Transfer Fee (International) | $50 |
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