HomeTown Blog2022-09-14T11:24:10-05:00

HomeTown Blog

6 Items for Your New Home’s To-Do List

Now that you’re settling in to your new home, there are some important things you need to consider. HomeTown Bank recommends the following tips. Create a budget.The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It's important to keep accurate records of your spending so you can spot places to save money and know how much you can reasonably spend. The American Bankers Association’s budgeting worksheet (also available in Spanish) will help you document and categorize your expenses.Protect your property.Whether you’re a homeowner or a renter, [...]

Digital Wallet | Helpful Tips

Pay quickly and securely with your digital wallet. KEY FEATURES Enhanced Security Fast Purchases No Card Needed A digital wallet is a more convenient, secure way to bring all your numerous accounts and cards together in one place on your phone. With a digital wallet, you can make secure payments online, within apps, or in the store with your HomeTown Bank credit or debit card. Apple Pay Open the Settings app and select the “Wallet & Apple [...]

Holiday 2022 Hours

While we always want to be available to assist our customers, we are closed on select holidays to allow our employees to spend time with their friends and family. You will still have 24/7 access to your HomeTown Bank account on our mobile and online banking platforms, as well as being able to withdraw funds from over 25,000 surcharge-free ATMs with your HomeTown Bank debit card. Our offices will be closed on the following days: New Year’s Day 2022 – Saturday, January 1st Offices will be open for their regular business hours on Friday, December 31st Martin Luther King, Jr. [...]

New Year. New Look. Same HomeTown Bank.

HomeTown Bank is excited to announce the launch of our new logo and brand identity! Since 1924, we have grown and evolved through the years, and we are reforming our brand identity to relate better to who we are. After partnering with a marketing agency, OrangeBall Creative, we have created a new logo that is modern and shows the happiness HomeTown Bank brings to our customers when they walk through the door. Since 1948, when HomeTown Bank was Redwood Falls Savings and Loan Association, we have had the eagle included within our HomeTown Bank logo to recognize where we started. [...]

Identity Theft

What is identity theft? Identity theft is the unauthorized use of someone's personal information (e.g. social security number, bank account information, and credit and debit card numbers) usually for the purpose of financial gain.  Identity theft is a serious crime that can be costly and also cause serious damage to a person's credit history. How do criminals steal your identity? Criminals are working diligently everyday to formulate new ways to steal people's personal information.  There is a sheer abundance of ways that criminals try to scam individuals.  Just to name a few, scammers may try to steal your information through [...]

Budget Tips for Back-to-School

It’s almost that time of year again … time for students to gear up to head back to school! While a new school year can be an exciting time for both students and parents, it can also be a stressful and expensive season. According to a survey by Communities in Schools, the average back-to-school costs exceed $1,000 per student. To help you get started, our team has compiled a few back-to-school shopping tips for you: 1. Review the school supply list Most schools will provide a recommended school supplies list. Ensure you get access to this list early so you can [...]

Financial Literacy and Money Management for Teens

Former Federal Reserve Chairman Alan Greenspan once stated, “Financial education is a process that should begin at an early age and continue throughout life. This cumulative process builds the skills necessary for making critical financial decisions.” At HomeTown Bank, we understand the importance of helping our community’s youth build a strong financial foundation so that they better understand basic concepts like budgeting, simple interest, and establishing and maintaining good credit. According to the Council for Economic Education’s 2020 Survey of the States, only 21 states in the U.S. require high school students to take a course on personal finance. While this [...]

Looking for a Construction Loan Estimate?

Building a house and need a construction loan? We can help! Here is what we would need from you in order to give you an estimate on a construction loan. Architectural Plans & Project Specifications: Provide a detailed architectural plan going over every aspect of your construction project. Project specifications include - project timeline, floor plans, ceiling heights, varieties of home insulation, cost of wood used, etc. These plans also include an inventory of all building materials being used. Sworn Construction Statement: This statement will include the name of suppliers and subcontractors involved in your project, as well as the budget for the [...]

Saving for College – Big and Small

If paying for college has been on your mind within the last decade or so, you’ll be aware of the rising costs of everything associated with higher education. Dorm expenses, text books, meal plans, and that isn’t even considering the tuition of your actual classes. There are many ways to save for that range of expenses, and HomeTown Bank has many ways to help. One of the easiest ways for parents and guardians to put a few extra coins towards your college savings every month is to maximize your savings account. Taking a look at the balance you maintain over [...]

COVID-19 Response

Update 2/1/2021: With HomeTown Bank lobbies opening on Monday, February 1st, we would like to remind all customers that anyone entering our lobbies are required to wear a face covering. Our drive through services will still be available for your banking needs, as well as our online and mobile banking services. If you wish to set up a meeting with or talk to a loan officer or personal banker, please contact your local branch. Update 11/18/2020: Effective Monday, November 23rd, all HomeTown Bank lobbies will be restricted to appointment only until further notice. Our drive through services will still be available [...]

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