Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.

A Good Credit Report Can Be Your Best Friend

By Jane Harris, Mortgage Consultant, Columbus, Indiana, Salin Bank on October 5, 2015

It’s just three numbers, but the long-range impact can be powerful. I’m talking about your FICO score - that all-important number used by most lenders to assess your credit risk.

FICO scores are calculated by the three national credit bureaus - Experian, TransUnion, and Equifax; scores range from 300 to 850, with an average of about 713 for the entire United States as of October 2014, according to FICO, the company that developed credit scores. (Indiana has a median score of 711.)
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Scam Alerts

By Denise Maines, Vice President, Security Officer, Salin Bank on September 28, 2015

Every year, crooks employ an endless supply of schemes to defraud millions of people out of their hard-earned money. Oftentimes, scammers simply add new twists to old schemes by combining sophisticated technology with tried-and-true tricks to get people to send money or give out personal information. One thing that never changes: Scammers are able to somehow convince plenty of unsuspecting victims to hand over their cash.
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Personal Finance for College Students

By Brittany Diebolt, Vice President, Salin Bank on September 21, 2015

College is a time of firsts - new experiences, academic exploration, and managing one’s finances independently of Mom and Dad.
For many students, however, financial literacy is a foreign concept. But with some basic training, students can avoid some common mistakes and set themselves up to be financially independent in college and throughout life.
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One of the Best Careers for College Grads? Agriculture

By Jim Badger, Senior Vice President, Salin Bank on September 15, 2015

There’s some good news in higher education these days. A recent report from the U.S Department of Agriculture shows college graduates with degrees in agricultural programs are in high demand.
According to the report, there will be nearly 60,000 annual job openings in the agriculture industry between 2015 and 2020. Forty-six percent of those jobs will be in business management services and 15 percent in food production.
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Help Wanted: Creating an Exit Plan for Your Business

By Kate Borkowski, SVP, Manager of Wealth Management on August 31, 2015

Your business is booming, so why would you want or need to create an exit strategy to leave it? Simply put, because it’s good business sense.

Today, companies are often sold two or three years after they’ve opened their doors. Flickr, an image hosting and video hosting Web site and Web services suite, was created by Ludicorp in 2004 and acquired by Yahoo in 2005 for $35 million. YouTube sold for $1.6 billion to Google when it was just two years old.
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