Citizens National Bank Blog

Community Minded, Customer Focused

Citizens National Bank Blog - Community Minded, Customer Focused

How Many Banks Should Your Business Use?

FACT:

Would it surprise you to know that, when asked, 73% of small businesses said it was important to have one banking provider? Even businesses currently using two or more providers reinforced the importance of using one financial institution.

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As a business owner, you know the importance of a strong relationship with your bank. Deciding on a banking strategy, one bank, two banks or many banks, obviously depends on your unique business structure; how you organize your funds, past and current business relationships, funding source needs, and more. Whether you use one or multiple financial institutions, it’s important to review this decision on a regular basis and align your financial resources with your goals as you move your business forward.

Making the Case for One Bank

  • Simplicity – One bank, means one place to visit, and less account, contact, and login information to keep track of.
  • Relationship pricing – Enjoy the discounted pricing and leverage you may receive for keeping all your business under one roof.
  • Products just for you – Many banks offer premier personal products and services designed specifically for their business clients.

 Making the Case for Multiple Banks

  • Your comfort level – Many businesses simply aren’t comfortable using one financial institution.
  • A better rate – You can shop and take advantage of more rate options.
  • Niche products – Due to the industry you serve, your business may need a specialized product not offered at your primary financial institution.

 

Before deciding which is best for your business right now, take time to compare of the all actual costs and inconveniences of either outcome. The answer may surprise you.

 

Learn more about what Citizens National Bank can do for you!

3 Reasons to Consider a 10-Year Fixed Mortgage

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When rates are low like they are now, shorter mortgage terms become an increasingly enticing alternative to the longer 15- and 30-year mortgage loans. Although the monthly payment can be much higher, for some being mortgage-free faster may be worth it.

With a 3.51% APR*, 10-year fixed mortgage, you could enjoy:

  1. Building equity faster
  2. Locking in a lower interest rate
  3. Saving money in interest and mortgage insurance

If you’re interested, our website is a good place to get started.

Try our mortgage calculator or fill out an application online today!

*Annual Percentage Rate (APR) subject to change without notice and based on a first lien for an owner-occupied, single-family residence, maximum combined loan to value of 85%, a credit score of 720 or higher, direct deposit to a CNB checking account and automatic payments from that account. For a $100,000 loan at an interest rate of 3.25% and 3.51% APR, the estimated monthly payment would be $977.19 for 120 months. Payments do not include amounts for taxes and insurance premiums and the actual total payment obligation may be greater. Subject to credit approval and program qualifications.

 

2014 Employee of the Year Nominated

Linda CooperCongratulations to Linda Cooper, the Employee of the Year for 2014! Linda is the bank’s Teller Operations Manager and provides training and support for the teller staff at all 25 locations. She joined the CNB family in 1992 and has been an invaluable member of the bank’s team. Linda’s Employee of the Month nomination cited her positive attitude, her willingness to help in any area of the bank, and her passion for helping and developing employees as just a few of the qualities that make her like a second mother to many of the bank’s team members. In addition to her duties at the bank, Linda gives back to her community through her involvement in her church and with various service organizations in Rusk County. She and her husband, William, live in Henderson. Congratulations, Linda! We are proud of you.

CNB Employees Deliver Christmas Gifts to Nursing Home

Overton Christmas PresentsDespite the rain and chilly temperatures, Citizens National Bank employees Scott Andrews, Carolyn King and Jason Holland delivered Christmas gifts to residents at the Overton Health Care Nursing Home in Overton on Friday, December 19th. Carolyn spearheaded the project by placing Angel Trees in the lobbies at Henderson Main and South 79 and encouraged employees to help purchase gifts for the nursing home residents.

Thank you everyone who helped make this happen! Merry Christmas!

 

 

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