Should Having Children Change Your Retirement Savings Priorities?

mother and daughter planning for retirement

If you have children, chances are you want to help them pay for some portion of their university tuition. Although it might be tempting to focus on building your child’s education fund above your retirement fund, it’s not usually the wisest financial move. Discover why retirement comes first, then your child’s college fund. 3 best… Read more »

The 5 Basics of Successful Budgeting

Learning how to budget money flowing out of wallet

If you’re feeling clueless about where your money goes each month, you cannot create a financially stable present let alone plan for a healthily funded future. The following budgeting basics will help you garner a more complete picture of your finances, take control of your spending and invest for the future. 5 Basic Budgeting Tips… Read more »

Protect Your Identity One Confidential Document at a Time

identity theft shredded paper

Did you know 15.4 million U.S. consumers were victims of identity theft or fraud in 2016? Don’t become part of the statistic by protecting your identity and purging confidential documents from your home or business. Since 2008, Minster Bank has hosted bi-annual Community Shred events at various Minster Bank offices to help people and businesses… Read more »

Truck Stop Success Story: Fuel, Food and Efficiency

Travel Centers of America

In rural Auglaize County, just off Interstate 75, is a home away from home for America’s dedicated drivers. TravelCenters of America, owned by successful businessman Tom Panos, has been serving up home-cooked meals to drivers and families since 1991. Panos owns 11 additional truck stops throughout the U.S. and says efficiency is a key to… Read more »

7 Hidden Costs of Buying a Car

money hidden behind paper

Buying a car, whether new or used, is an exciting yet expensive time. In addition to the sticker price, you have to budget for hidden costs associated with securing your new ride. From dealership fees and taxes to insurance premiums, the hidden costs of buying a car can break your budget if you don’t plan… Read more »

8 Easy Tips For Purchasing Your First Home

Toy house with down payment money

Walking through the door of a home that could one day be yours is an irreplaceable feeling. As you stand in the middle of the wood-paneled, orange-carpeted living room soaking it all in you can begin to see your vision for this cozy-cottage unfolding right before your eyes. Purchasing your first home is a thrill,… Read more »

Lower your down payment with a free home grant; apply now

Couple accepting keys to new home

Applications are now being accepted at Minster Bank for our Welcome Home Grants, which provide up to $5,000 in free money toward a down payment on a home. The available grant funds through the Federal Home Loan Bank of Cincinnati can be used toward the down payment or closing costs on a new home you… Read more »

In 3 Simple Steps: Get Your Business Emergency Prepared

Two businessmen reviewing emergency evacuation plan

All businesses should prepare for the unexpected by setting up an emergency management plan. According to James Bucki, Director of Computing Technologies at Genesee Community College, 75 percent of businesses that experience a significant disaster fail within six months. “Remember, your company is a series of interconnected systems,” he writes in an article for TheBalance.com…. Read more »

President/CEO Retires After 31 Years of Dedicated Service

Mark and Dale

In 1986, Ronald Reagan was President and gas was 93 cents to the gallon. What else was special about that year? CEO and President Mark Henschen began his career at Minster Bank. Henschen announces retirement On January 31, 2017, Mark locked up the bank one last time, signing off as retired after 31 years of… Read more »

4 Reasons to Use Wealth Management Services

Man working with wealth management services

What are wealth planning services? Simply put, wealth planning is the process of balancing and addressing these four objectives: security, a comfortable standard of living, the ability to provide for others and the ability to leave a legacy. It is more than an investment—it’s a multi-step process that clients go through as they make decisions… Read more »