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).
Compliance training sessions and schedule availability.
The Fed has raised rates by another 0.25%.
Reminder on the importance of passwords and basic guidelines on how best to protect the bank.
IT will be performing server maintenance on April 22nd starting at 1:00 pm.
Wire Transfer Agreements will go live 04/17
Check out the latest CD special
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.
Credit Card Updates
We will be adding two additional deposit cutoff times for Mobile Deposit and Remote Deposit Files.
The Compliance Department is working on an initiative to take requests out of email and into OnBase Support Requests.
We're bringing back the Diamond MMDA as another option for our customers!
The loan servicing department will be paying property taxes on all escrowed mortgage accounts this week.
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.
The annual tax documents will be ready for distribution this week (shooting for Wednesday, January 26th)! These statements will be the same as previous years - combined statements. PLEASE take time to read so you can answer customer questions/inquiries regarding their 2022 Tax Documents.
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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