First Mid-Illinois Bank & Trust

Bank credit: is it growing, and where’s it going?

Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit

Here's What You Need to Look For to Make Sure You're Not Being Scammed at the ATM

Mortgage Loans: Stick With A Bank Or Go With A Broker?

It matters where you go for a mortgage. Who offers a better deal — a banker or broker?

Is a personal loan for you?

Personal loans have surged in popularity, due in part to increasing consumer confidence and a growing array of online lenders to provide them.

Savings Tips for Children

April 24th is National Teach Children to Save Day. We have employees going to local schools to teach children the importance of saving. Anytime is the right time to begin teaching children about mo…

How to Compare Banks and Credit Unions When Looking for a New Financial Home

Let's say you're moving to a new community and thus need a new home for your banking and checking services, or let's say you're in a situation where you've

5 Tips For Small Business Owners Looking To Get A Bank Loan

The economy’s continued expansion could have you, like many business owners, optimistic about your company’s growth prospects for this year and going forward.

Why Wall Street suddenly soured on Discover and other consumer lenders

Investors worry that rising inflation means fewer people will be paying their credit card bills on time.

Can Tech Bring Small-Dollar Loans Back to Banks?

Some banks are looking to reenter small-dollar consumer lending now that a recent CFPB proposal has given them greater regulatory clarity. But they may need help from technology companies to make a very labor-intensive business more profitable.

How To Get a Loan Without a Bank

In between Chase Manhattan and Vinny (who breaks your legs if you don't pay your loan) lie new online services connecting borrowers with lenders. They're not banks. They're websites that facilitate peer-to-peer connections. The two biggest--LendingClub and Prosper--offer borrowers interest rates...

Loans That Avoid Banks? Maybe Not

Peer-to-peer finance has a new swarm of lenders: some of the same kinds of big institutions it once shunned.

Liberty Bank for Savings, A Unique Bank Helping Neighbors Become Homeowners

It's hard to find a family-oriented neighborhood bank that greets you by name and hasn't turned its employees into an army of salespeople.

Why Banks Ask for a Personal Guarantee Before a Loan

It’s a common scenario: You have a thriving business, and it’s doing so well that you believe it’s time to expand. That expansion requires more money, and, of course, increases your risk of failure. But you have studied your options, talked with advisors, and everyone agrees it’s a smart and potentially lucrative move. Your bank …

Randolph Savings Bank to Become Envision Bank

Local management. Local decisions. Local commitment. With innovative products and outstanding service, Randolph Savings is a great place to bank.

Many banks are easing loan standards, survey finds

It’s a good time for consumers to look for a loan. As competition in the finance sector increases, new survey findings suggest that many banks are swimming

What Will the Bank Accept as Collateral for Your Small Business Loan?

What is collateral and what types of assets do banks and financial institutions accept as collateral for small business loans?

Profit From Understanding How Banks Determine CD And Savings Yields

If you want to make more on your savings, learn how to think like a bank does.

More loan growth for small banks, but can it last?

Elevated interest rates, economic uncertainty and financial sector fragility exposed by recent bank failures threaten to stunt lending activity.

Non-bank loans: quick, easy...and addictive?

Alternative lenders are gaining traction and handing out billions of dollars in loans to small business owners. But it could come at a cost.

Who Funds Mortgage Loans? Banks, Credit Unions, Mortgage Banks, and Brokers

Mortgage Banks channels can typically move much faster than commercial banks b/c they are less regulated, smaller and more nimble.