Merchants Bank eNewsletter
May 2015 - In This Issue:
What Is Mortgage Pre-Approval and Why Does It Matter?
What is Mortgage Pre-Approval and Why Does it Matter?
Three Reasons Why Pre-Approval is Crucial When Buying a Home

In 2014, approximately a third of Merchants Bank customers who applied for a construction or mortgage loan also took the step to get pre-approved. While mortgage pre-approval should be a crucial part of the home buying process, buyers don't always perceive it as necessary or valuable. Learn more. 

 

Concerned About FDIC Insurance Coverage for Your Business?
Use a CDARS or ICS account to protect your deposits over $250,000. 

Deanna Ellinghuysen, Merchants Bank Customer Service Representative and CDARS/ICS expert, explains the details and benefits of CDARS (Certificate of Deposit Account Registry Service) and ICS (Insured Cash Sweep) accounts.   

 

Q: How does a CDARS or ICS account work?

Deanna: CDARS, a Certificate of Deposit account, and ICS, an insured cash sweep account, provide additional FDIC insurance for deposits in excess of $250,000 - the standard insurance amount set by the Federal Deposit Insurance Corporation. Your money is automatically deposited in amounts of less than $250,000, which allows for compounding of interest, through a network of pre-selected, highly rated banks. This ensures that your entire amount on deposit is FDIC insured.  Learn more. 
In Every Issue

New Staff Here to Help You  
New Staff Here
to Help You
Stop by and say hello

At Merchants Bank, we are happy to welcome new employees and celebrate new positions filled by current staff. These frontline employees are all looking forward to serving you. Take a moment to congratulate them. Learn more.  
Hope to See You at These May Events  
Hope to See You at These May Events!
Save the date in May

Our staff invites you to join them at these great events throughout May.  Learn more.
Why follow Merchants?  
Why Follow Merchants?
Here are Some of the Benefits

More and more people are following us on social media. But, why would you want to do that? How would you benefit?



When Can I Retire?
A Perspective from Merchants Bank Trust Manager, Nate Birkholz 
When Can I Retire?
Nate Birkholz
 Trust Manager

The most common question I'm asked is "Can I retire?" Of course, the biggest concern we hear is regarding the amount of money that's set aside for retirement... "I have to dig into this bucket. I hope the bucket is big enough." Here's how the Trust Department tackles this tricky question on a daily basis. Learn more.  

 

Trust products may not be FDIC insured. Please ask a Trust expert regarding FDIC insurance coverage as it relates to Trust products.

 

 
Update Email Preferences  
1-800-944-6285  

Electronic Banking: 1-866-496-0522 

Loan Servicing: 1-800-765-2194 

 

To make sure you receive all Merchants Bank emails, please add info@merchantsbank.com to your address book.  

 

Merchants Bank never shares your email address or private information. For details, visit our privacy policy.

 

If you received this from a friend, subscribe here.

 

© 2015 Merchants Bank. All rights reserved.

Equal Housing Lender. Member FDIC