NEWS Bank of Yates City

Bank of Yates City
NEWS
Wishing You Happy Holidays
from the Staff and Directors at Bank of Yates City
ra
Join us fo
ouse
H
n
e
p
yO
Holida ecember 21
Friday, D s in both offices
bby hour
during lo
ents
efreshm
r
y
a
d
li
o
Enjoy h
ter to win
and regis
D TV.
a 32” LE
–
n the fun
o
t
u
o
s
Don’t mis e you there!
we’ll se
You’re Invited!
Ag Marketing
Breakfast
Opportunity and risk caused by commodity price fluctuations are
ever-present and can have significant impact on your margins.
Learn how to capture opportunities and managing those risks,
helping you protect what you work hard to build.
Who: Lawrence Kane and Cathy Ekstrand, Stewart-Peterson Group
What: Ag Marketing Breakfast
When: Wednesday, January 23, 2013.
Breakfast is served from 7:30 to 8:00 a.m. with meeting to follow.
Where: Yates City Community Center
Please reserve your spot by Friday, January 18, 2013
by calling (309) 358-1415 or 800-556-8909.
Early
Winter
2012–13
Wrap It Up!
Make holiday
savings
easy.
It’s time to start your Christmas
Club Account at Bank of Yates
City for next year’s holiday
shopping. Just save a little each
week and when the holidays
arrive you'll have all the extra
money you need for gifts, travel
or other expenses.
Christmas Club is easy and
convenient. You can arrange to
have a monthly deposit made
automatically from your Bank of
Yates City checking account. Or
if you prefer, you may make
deposits to your Christmas Club
Account whenever you choose.
Your funds will earn a variable
rate of interest and be delivered
to you in October to give you
lots of time for holiday shopping.
Open your 2013 Christmas
Club Account today at Bank of
Yates City.
Give yourself a great rate
and save money, too!
Mortgage rates are still hovering near all-time lows, so now is
a great time to refinance your loan or buy a new home if you’re
in the market. Refinancing may lower your monthly payments
or shorten the term of your loan, and that saves you money.
Bank of Yates City has committed $2 million to a special pool of
fixed-rate mortgage loans. To-date, the bank has closed
$1,000,000 in new mortgage loans through this program.
Contact Mike Renner or Wayne Wrage about our special
rates on 10- and 15-year loans.
If you are unsure if it’s worthwhile to refinance, we can help.
We’ll provide a free analysis of your current mortgage loan and
tell you if it makes sense to refinance.
Whether you’re a young family wanting a bigger home or an
empty-nester looking for a smaller home, come to
Bank of Yates City for your real estate financing needs.
Scan this QR Code
to access handy
loan calculators.
Get Your Free
Credit Report
Mike Renner
Wayne Wrage
NMLS #790422
mrenner@bankofyatescity.com
(309) 245-4000
NMLS #787210
wwrage@bankofyatescity.com
(309) 358-1415
Consumer reporting companies must provide you with a free
copy of your credit report, at your request, once every 12
months. A credit report contains information on where you live,
how much you owe, and if you pay your bills on time.
Order a copy of your credit report once a year to guard against
identity theft. Make sure it is accurate and includes only those
activities you have authorized.
You can order your free annual credit report online at
www.annualcreditreport.com, by calling 877-322-8228, or by
completing the Annual Credit Report Request Form and mailing
it to:
Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
The Annual Credit Report Request Form may be found online at:
https://www.annualcreditreport.com/cra/requestformfinal.pdf
When you order, you need to provide your name, address,
Social Security number, and date of birth. To verify your identity,
you may need to provide some information that only you would
know, like the amount of your monthly mortgage payment.
Unfortunately, due to privacy concerns, Bank of Yates City
cannot request a free credit report on your behalf.
Lease your next tractor or combine
Of all the ways to acquire
equipment, leasing is the method
most frequently used. Today, 8
out of 10 American companies
lease some or all of their needed
equipment.
n Leasing can be a good way to
transfer equipment from father
to son.
Leasing is cost effective for
farmers and agri-business.
Equipment is costly and some of
the costs can be unexpected.
When you lease, your risk of
getting caught with obsolete
equipment is lower because you
can upgrade or add equipment
to best meet your needs.
Another key leasing advantage
is the option for 100% financing.
n Leasing helps you pay for
equipment matching the
equipment’s earnings or
savings with the lease
payments.
n You may be able to preserve
existing credit lines for short
term needs.
n Leasing flexibility enable the
payment structure to fit your
cash flow needs.
n You can lease new or used
equipment.
n You will have an option to
purchase the equipment at the
end of the lease term.
Here are a few of the reasons
that leasing makes sense:
n The lease payment is fixed
for the lease term and most
lease payments are 100%
tax deductible. A lease can
accelerate the deductions
compared to the allowances
available with depreciation.*
We can help you determine if
leasing makes sense for your farm
or argri-business and what type of
lease is best. For additional details,
contact Greg Wessel or Wayne
Wrage at (309) 358-1415 or Mike
Renner at (309) 245-4000.
Business Spotlight
The Burt Coyote Company
Curt and Eric Price started their manufacturing business in 1998 with
Lumenoks, which are lighted arrow nocks. The business has steadily grown
and today have sold 3 million Lumenoks.
Curt and Eric have banked at Bank of Yates City nearly their entire lives.
They like the importance the bank places on the customer. For example,
Wayne Wrage came to the bank on a Sunday to cut a check for loan
proceeds on a new van.
The bank has helped The Burt Coyote Company construct a new building
and provide operating capital. “Wayne Wrage
and Greg Wessel have been great to deal
with,” said the Prices. “They always seem to
come through when we need them. Every year
brings new challenges that the bank can help
us with.”
When asked for one word to describe the Bank
of Yates City, Curt and Eric responded “family.”
The Burt Coyote Co. Inc.
104 N. Union Street
Yates City, IL 61572
(309) 358-1602
Email: lumenok@mymctc.net
On the web: www.lumenok.net
*****************ECRWSS****
107 E. Main St.
Yates City, IL 61572
1-800-556-8909 or 309-358-1415
BankofYatesCity.com
Stop by our new
Farmington Banking Center
1010 E. Fort Street
Farmington, IL 61531
Local
Postal Customer
Phone (309) 245-4000
NMLS #776589
Car and Truck Loan Sale
Hurry – this
special rate
good through
March 30, 2013.
Car a
Truck nd
Loan
s
as lo
w as
2.83%
APR
f
*
or 48
mont
hs
* Available to new accounts only. To obtain the 2.83% annual percentage
rate (APR) the maximum loan term is 48 months on model year vehicles
2010 or newer with 20% down and an auto debit from your Bank of
Yates City checking or savings account. Loan is subject to credit
approval. Terms and conditions are subject to change without notice. Some
restrictions apply and may not be combined with other offers.
Have you met?
Susan Grandt To Retire After 14 Years
Cindy Bernahl
After 14 years of service with Bank of Yates City,
Susan Grandt will retire on February 15, 2013.
Susan is Vice President and Assistant Loan Officer.
She has enjoyed the opportunity to work in a
variety of areas at the bank, including customer
service, human resources and teller supervisor.
Cindy Bernhal is
Cashier at Bank of
Yates City and has
been with the bank
for 31 years. Her
responsibilities
include
compliance, bank
security and
information technology. Cindy has
taken numerous banking courses
over the years to prepare her for
these important responsibilities.
A graduate of the University of Illinois, Susan is
active with the Salem Township Library Board and
Douglas United Methodist Church. She and her husband, Terry,
reside in rural Farmington. They have two sons, a daughter-in-law
and two grandchildren. Susan enjoys cooking, reading and taking
road trips to visit family and friends.
A reception will be held in Susan’s honor on February 15, 2013 from
9 a.m. to 3 p.m. at the Yates City office. Please join us in wishing
Susan the very best in her retirement.
She and her husband, Gary, have
three children and four grandchildren.