Category: Business Finance

Success Story: Supporting Communities Through Brigid’s Path

Female volunteer rocks a newborn at Brigid’s Path in Kettering, Ohio

When Jill Kingston and her husband became foster parents in 2013, their eyes were opened to a greater need within their community — providing inpatient medical care for drug-exposed newborns, non-judgmental support for mothers and education services to improve family outcomes. Kingston had the vision to be a part of a higher calling, leading her… Read more »

What Do You Need to Know Before Buying a Franchise?

An illustration of two hands holding a franchise building with coins falling out of it

Buying a franchise is an attractive business option for entrepreneurs wanting to capitalize on an existing brand. But if you’re thinking about becoming a franchisee, you need to prepare yourself — it won’t be as easy as simply finding a well-liked brand and putting down some cash. Read on for some things to consider before… Read more »

[Audio] Financial Tips to Help Small Businesses During Reopening

Minster Bank Community Voices image with Dan Heitmeyer

As businesses in many states begin to reopen, it’s time to be vigilant about your financial decisions and make ones to strengthen your company. Listen to or read a summary below as Dan Heitmeyer, vice president of commercial banking at Minster Bank, offers expert advice for business owners. You can also click on specific topics… Read more »

Minster Bank Helps Local Manufacturing Business Remain Open

Steve Staub and Sandy Keplinger of Staub Manufacturing Solutions in Dayton, Ohio

Manufacturing businesses are the backbones of many strong Ohio communities. Staub Manufacturing Solutions in Dayton is just one example – and sibling-owners Steve Staub and Sandy Keplinger said Minster Bank is one reason that’s going to continue.  Read more about why they chose Minster Bank and what their Paycheck Protection Program (PPP) loan application experience… Read more »

How to Lead an Effective Virtual Meeting

Holding a virtual meeting on a tablet with four coworkers

Gathering your team for a meeting can be one of the most valuable, effective ways to solve problems and plan goals.  But a meeting can also be a waste of time and money if no one contributes and nothing is accomplished. Plus, when employees are working from home, there are even more distractions to take… Read more »

“I Want Everybody to Know Just How Good They Are”: Local Lawyer Praises Minster Bank

Portrait of James Utrecht with Utrecht Law Offices of Troy Ohio

When the SBA’s Paycheck Protection Program (PPP) opened up, Troy, Ohio, attorney James Utrecht knew he needed to work with an experienced bank to secure the funding. He chose Minster Bank – specifically, working with his long-time contact, senior commercial loan officer Jerry Herbe. “He got my application together, approved and funded in seven days,”… Read more »

Charitable Donations and Business Taxes: Learn About the Guidelines for Giving Back

By making a charitable contribution, your business can help people in need while potentially reducing your tax burden.  However, there are many rules and restrictions you should consider before contributing your money to a cause.  From your corporate structure to the nature of your donation, here’s a primer on what you should know about tax-deductible… Read more »