Category: Business Finance

“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 »

6 Ways to Cut Your Business Travel Expenses

Someday, business travel will resume – and so will the costs to your company. According to Certify, companies spend almost $112 billion on domestic travel each year, with employees each spending about $949 each year on business travel costs. By planning to implement travel expense policies and applying these six money-saving strategies, you’ll be set… Read more »

Success Story: Minster Bank and Wagner Paving

Employees with minster bank commercial lending partner wagner paving lay asphalt during a recent project

As a business owner, sometimes you just need results – fast. That’s exactly why Brent Kress, president of Wagner Paving, said his company switched to Minster Bank. “A lot of times in business, you don’t have time to wait on a big bank,” he said. “At Minster Bank, they can make things happen.”  Read on… Read more »

Minster Bank a Perfect Fit for New Vandalia-Butler Location

Rendering of minster bank vandalia-butler ohio office

As progress continues on Minster Bank’s newest branch, members of the Vandalia-Butler Township community are already looking forward to its completion.  That includes the township administration itself. Erika Vogel, the Butler Township administrator, told us why she’s excited for the bank’s opening later this year. Read on to hear what she says the bank will… Read more »

5 Cost-Cutting Measures Proven to Reduce Your Overhead

Man sitting at desk holding a cellphone writing on notebook next to a calculator

For as much as you focus on increasing revenue to maximize your profits as a small business owner, you should put an equal amount of attention on reducing your operating costs.  Unchecked overhead can quickly add up and undermine the sales you’ve worked hard to make. Take time to evaluate your business costs, particularly in… Read more »

Success Story: Minster Bank and Brown Industrial

Tyler, Craig and Chris Brown of Brown Industrial pose at a convention

It just makes sense that two local businesses that have been around, combined, for more than 150 years would partner together one day. That’s exactly what happened with Brown Industrial and Minster Bank. Read more about what Chris Brown, President of Brown Industrial, had to say about the relationship.  Convenience and Service Chris and his… Read more »

Building for the Future: Minster Bank and Garmann/Miller

Brad Garmann of Garmann/Miller

Since 1995, Garmann/Miller Architects-Engineers – one of the largest such firms in Ohio – has done business with Minster Bank. It all started when the fledgling business built Minster Bank’s Sidney branch, according to Brad Garmann, one of the company’s founding principals.  “It was kind of an obvious choice,” he said. “They were local and… Read more »

Minster Bank Adds Commercial Loan Officer Michelle Sherrill

Michelle Sherrill, loan officer at Minster Bank

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 »