Increased compliance regulation is invading the customer relationship and exhausting locally-owned and managed community banks into consolidating at a historic rate. Since 2010, the year major banking compliance regulation was passed in the form of Dodd-Frank Wall Street Reform and Consumer Protection Act, the United States has lost over 1,800 banks, and 94% of that… Continue Reading Message from the President: The Real Reason for Bank Consolidation
Financially Literate
Topics You NEED to know from First National Bank of Osakis. We'll focus on personal finance topics and questions for you.
Message from the President: Banking Local Matters
Entering 2018, the 115th year of the First National Bank of Osakis’ existence, it is important to reflect on the vital role locally-owned and managed community banks play in personal finance, economic development, and community leadership for their small communities. Year after year, we read articles (such as this recent one in the WSJ) narrating… Continue Reading Message from the President: Banking Local Matters
MUST READ! – Equifax Data Breach
During the week of September 4th, 2017, Equifax (one of the three common credit bureaus that report consumer credit) was breached, subjecting, reportedly, 143 million peoples’ personal information. We are suggesting our customers take the following precautions with their credit profiles. According to the company’s press release “(t)he information accessed primarily includes names, Social Security… Continue Reading MUST READ! – Equifax Data Breach
FNB Osakis Featured on Podcast for Insight on Community Banking
FNB Osakis President, Justin Dahlheimer, was recently featured on the Institute for Local Self-Reliance’ podcast, Building Local Power. Dahlheimer discussed the many benefits, challenges, and opportunities for local community banks. Here’s a quote from that interview: “We’ve got a stake in every customer’s personal financial livelihood. It should be that way. It’s embedded transparency.… Continue Reading FNB Osakis Featured on Podcast for Insight on Community Banking
House Hunting? What you COULD afford vs. What you SHOULD budget for
Congratulations! You’re in the hunt for a home – which for most people is one of the first, and often the largest, long-term investments they will make in their financial future. When the market is heating up, the pressure to make your decision and act quickly can get ahead of the prudent budgeting and planning… Continue Reading House Hunting? What you COULD afford vs. What you SHOULD budget for
Paying Yourself First
“Don’t save what is left after spending, spend what is left after saving.” – Warren Buffet, financial mogul. Whether you are one of the people that are taking actions to create financial stability or not, there is a habit that everyone can benefit from—paying yourself first. It’s common for people to pay for their expenses… Continue Reading Paying Yourself First
Enrolling in Online Banking
We are excited to release our new online banking experience to our customers! Please take a look at our Online Banking Tutorial for assistance getting set up! As always, contact us at 320-859-2101 or customerservice@fnbosakis.net if you are experiencing difficulties. Online Banking Tutorial (PDF) Online Banking Login Link Save Save
Credit Scores Demystified
You probably hear credit scores mentioned routinely in the news or on commercials, but have they ever been properly explained? Most often, by the time you’ll understand what a credit score is, and why it should be important to you, you might have already made decisions that lower your score. The focus of this post… Continue Reading Credit Scores Demystified
Investing In You
At the beginning of 2016 we decided to brand our Bank’s mission as “Investing in YOU.” For decades we have been committed to giving consistently great customer service, or as former President and current Board of Director Bruce Pederson would always say “We do community banking, and we do it well.” With services moving more… Continue Reading Investing In You