Our yearly, Safety Deposit Box payments are due 3-15.
Equifax has recently migrated the consumer reporting to the cloud without any interruptions to the service.
We have updated a few forms on SharePoint commonly used to make a little more user friendly and universal.
When you are talking with customers, please let them know we have a lot of fantastic tools here at FSB to help them with the buying process.
We lowered rates 25bps.
As of 4/18/2024, we have exempted from CTR reporting 2 more customers; Eight Mile Pets, Inc. and National Dairy Cattle Congress.
We will be performing a cleanup of the ProSuite (LaserPro & DepositPro) database on Monday June 17th.
Please make sure you are going to SharePoint to utilize the most updated forms available for customer service needs.
Kickstart Checking Accounts
On May 8, 2024 our flood determination company sent an alert that there had been a FEMA flood map change and we were provided a list of properties that were affected. This map change would have affected many financials in our area and not just Farmers State Bank.
Get to know FSB’s newest product!
Annual Charge off Letters
Compliance Cultivators Series on Thursday, March 28th
The second installment of property taxes will be disbursed on Friday March 15th and Loan Operations will be paying them all online early next week.
Onbase now has the ability to email customers of when a wire transfer is complete
Effective January 1, 2024 the HSA account will no longer incur a Dormant Fee for inactivity. The Escheated Fee will still apply if there is not activity in 3 years.
Saturday, December 30 is our last business day for 2023. We will have a cut off time of 1:00 pm that day to help accommodate payments/advances to be put on our 2023 books.
See what's new in Virtual Branch
Business Support team
2023 Escrow Analysis
Loan Servicing is working to make items that are relevant to the front line more user friendly.
Check out more information on Deposit Operations
Loan Servicing (aka Booking Team) behind the scenes.
Take a look at the day in Quality Control and their tasks.
The Compliance Department kicked off the Compliance Cultivators Series!
VB has their own new email distribution list.
VISA Debit Cards
Farmers State Bank requires all business entities who have accounts with us to be in good standing with the Secretary of State they are registered in.
Subpoena Notice Processing Information
Effective with the June 1st payment the Mortgage loans (ML) allocation will look a little different.
Realtime environment is getting the internal GLs set to Realtime (RT).
Reminder on the importance of passwords and basic guidelines on how best to protect the bank.
Area residents just received their property tax assessments from their respective county and many have gone up by a significant amount causing some panic for customers. This may not necessarily have the negative impact that they think.
Introduction of Giveo to FSB Internet Banking Marketplace App Store.
New checking postcard will be dropping to area residents . A younger Gen Z market is the target for the ad. Preview the ad and other content on the Marketing page in SharePoint.
In an effort to decrease the number of confusing fees in the business fee schedule, FSB is moving towards a monthly fee model that promotes packages for utilizing our services.
Starting in February, FIS will be marketing our credit card holders with promotions to generate more activity.
If you think there might be fraud, financial crime, scam, abuse, suspicious bank activity, or inconsistent financial activity, please submit the Incident Reporting form.
Couple of credit & debit card housekeeping items coming through for the 1st quarter.
BSA stands for Bank Secrecy Act which affects all departments of the bank, as it’s the reporting of financial crimes. Looking towards the future we can expect to see scams and fraud about recent hot topics like Federal Student Loan Debit Relief and holiday shopping. How do we stop scams?!? What should we do to prepare? Talk about it!
Starting Jan. 1, 2023 the maximum earnings subject to the Social Security payroll tax will increase by nearly 9% to $160,200 - up from the $147,000 maximum for 2022, the Social Security Administration (SSA) announced Oct. 13. The SSA also posted a fact sheet summarizing the 2023 cost-of-living adjustments (COLAs).
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