Category: Business Finance

Minster Bank Adds Commercial Loan Officer Michelle Sherrill

Michelle Sherrill

Michelle Sherrill has been hired as a commercial loan officer for the new Minster Bank Vandalia-Butler office, which is set to open by the fourth quarter of 2020. In making the announcement, Dan Heitmeyer, vice president of commercial banking, said Sherrill will be joining commercial lender Joel K. Bopp to help lead the bank’s efforts… Read more »

How Much Does It Cost to Hire a New Employee?

small business owner interviewing a new employee

Whether your small business is growing or a departure has left a vacancy in your company, you realize it’s time to hire a new employee.  While the benefit of having that person join your company is valuable, the cost of hiring them — beyond their actual salary — can add up.  To ensure you’re budgeting… Read more »

Success Story: Minster Bank and Arrowhead Golf Club

Three pictures arrowhead golf club minster ohio

When it comes to running a golf club, events, leagues and even a public restaurant, Arrowhead Golf Club of Minster, Ohio, needs a bank they can trust. Read on to learn more about Arrowhead Golf Club and Minster Bank’s 50-plus year relationship, and to hear why Jane Kaylor, office manager at Arrowhead, described working with… Read more »

How to Manage Cash Flow for Your Small Business

Male small business owner manages cash flow using his tablet and notepad

For your small business to be as successful as possible, you need to have a firm grasp on cash flow.  Understanding your cash flow and how to manage it is essential for both long-term stability and confronting issues in the short term.  Read on to learn more about cash management and how you can improve… Read more »

4 Questions That Can Help Reduce Employee Turnover

Young woman speaks to her boss about communication in workplace

Did you know the cost to replace an employee can be thousands of dollars? If you don’t want to spend that kind of money – and who does? – it’s key to keep the employees you already have.  While some turnover is expected, taking action now will go a long way toward keeping your company… Read more »

How To Start a Side Business on a Budget

Whether it’s because you’re ready to be your own boss, want to share your ideas with the world or just want to make a little extra cash, starting a side business is becoming more and more popular. Since the goal of any small business is to make money, it’s important to craft a plan before… Read more »

Staying Focused as a Small-Business Owner

Small business owner man stands with an iPad smiling

Everyone gets distracted from time to time. For those running small businesses, distractions are not only more frequent but also more detrimental to success. Staying focused is a key tool every small-business owner should have in their toolbox. Starting is Easy – but Finishing is Hard Most successful business owners agree that starting something is… Read more »

Success Story: Minster Bank and Moran Refrigeration

Moran Refrigeration building in St. Marys, Ohio

Small business owners need a bank that truly knows them and understands their company.  That’s why Doug Moran, owner of Moran Refrigeration in St. Marys, Ohio, has been a Minster Bank customer for nearly 20 years. Moran’s company itself has been serving northwest Ohio’s appliance needs since 1947. Local Focus at a Community Bank Moran… Read more »

Five Signs of Financial Trouble for Your Small Business

Small business owner working on financial problems at desk

Financial troubles for your small business typically don’t happen overnight. By paying attention to the following warning signs, you’ll be better prepared to protect your business from serious financial ruin down the road. Problem #1: You Have an Unbalanced Cash Flow When the money you’re spending to cover operating costs starts to exceed the amount… Read more »

Success Story: Wells Brothers and Minster Bank, a Commercial Banking Partnership

Executive team of wells brothers of anna ohio with plant funded by minster bank and red wells brothers trucks

Since its inception in 1988, Wells Brothers of Anna, Ohio, has been a family owned business. Incorporated in 1989, Wells Brothers’ President is Curt Wells, his brother Jerry is Vice President and Curt’s wife Sandy is the Secretary and Treasurer. The company began with electrical and HVAC residential services, and now primarily focuses on the… Read more »