Tag Archives: Two Rivers

Spend less this holiday season

According to the American Research Group, the average American spends $929 every holiday season on gifts and 56% of Americans in debt add to it during the holiday season.

At Two Rivers Bank & Trust, we understand you want to do everything you can for your loved ones without negative financial consequences. We’re here to tell you some ways to spend less this holiday season.

Kristin Fritz, Teller Supervisor at Two Rivers Bank & Trust, suggested one of our helpful products.santa pig

“Our TR Cash Back Checking account is a great way to help yourself during the holidays,” she said. “You basically get 10 cents back on most purchases, if you’re using our debit card.”

You can also use cash instead of credit cards.

“It’s easier to spend more if you use a card,” Fritz explained. “It’s just a swipe, right? But, you’ll incur extra fees from processing and interest. Using cash will make you more aware of your funds.”

Staying in the Christmas spirit all year round can help you save money, too! Our Christmas Club savings links to your checking account so you can have money put into it all year long and then at Christmastime we will transfer the funds so you have them ready and available.

Know the deals. Cyber Monday and Black Friday really are great ways to save. While it can be overwhelming to shop on these days, having a game plan and a list can make it easier – on you and your wallet.

Spend on something different. “In previous years, we’ve taken part in Warm Kids, Warm Hearts,” she explained. “Our customers and our employees brought in coats, hats, and gloves for children who needed them. It was so rewarding.”

If you need help setting your budget, come talk with us! “Everyone at Two Rivers is happy to spend time with our customers,” Fritz said. “We want to talk to you about what you need and how we can help make your holiday season a little more stress-free!”

Celebrate Small Business Saturday

November 27, 2010 was the first Small Business Saturday. According to the U.S. Small Business Administration (SBA), in 2015 $16.2 billion was spent in small businesses on Small Business Saturday and, according to the National Federation of Independent Business (NFIB), last year an estimated 112 million shoppers patronized local retailers and restaurants.

As a neighborhood bank, Two Rivers Bank & Trust works hard every day to help small businesses thrive and achieve their dreams.

Tammy Greene, Branch Manager in Ankeny, loves helping the small businesses in her neighborhood.small business

“At Two Rivers Bank & Trust, we have great accounts for small businesses,” Greene said. “Our checking accounts save them money on fees and our ability to offer small business lending is really advantageous. Pat Quinlan, one of our lenders, takes care of their needs and works with them one on one.”

We are an Iowa bank and decisions are made here by Two Rivers Bank & Trust.

“Because we are a community bank, we get to know the customer more personally than other financial institutions,” she explained. “Pat and I go out on business calls and find out how things are going for our customers and if there is anything else we can do to help them.”

We want to encourage you to take advantage of Small Business Saturday! This year, Small Business Saturday is on November 25. Support your neighbors, support our neighbors.

“Small businesses are important in our community because they give back to our neighborhoods,” Greene said. “A lot of them donate their time and money to local schools and charities. They’re so involved and do so much good. It’s the least we can do to help them out, too.”

Two Rivers Bank & Trust really is here to meet the needs of small businesses in our community. If you’re a small business owner, come talk with us! We want to get to know you.

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Let’s Work Together

The business landscape is drastically different than it was 15 years ago. At Two Rivers, we know our clients are diverse in age and we know your employees are, too. Here are some tips to improve working relationships between generations and to understand their unique talents!

  1. Utilize their strengths. The skills a young person brings to the table (technological and otherwise) are valuable. Combining that technological ability with an older person’s experience, wisdom, and management prowess makes an even stronger and more collaborative relationship.
  1. Make them talk. Intergenerational relationships are unique and reciprocal. By encouraging conversation with one another they can both gain so much. “For young people, having an older friend listen closely helps them feel heard and respected. For older people, having younger friends can help them better connect to the broader culture,” said Dr. Jon Nussbaum, a communication professor at Penn State.
  1. Focus on the job. Instead of spending time dissecting the weaknesses and differences among generations, encourage collaboration in order to complete the job. After all, at the end of the day that is the goal!

Just like other businesses, at Two Rivers Bank & Trust, our customers span generations and we love to work with them all.

Aaron Cling, a Two Rivers Ag Lending Officer, said it’s important to build rapport with your customers even if there is an age difference.

“I think it’s important not to put up a façade,” he explained. “I try to answer any questions my customers have and if I don’t know the answer, I admit that and find the information for them.”

Cling has many working relationships with lending customers of all generations and believes it’s great when everyone works together.

“It’s so neat to see a 70-year-old father and 50-year-old son come in together to transition the financial documents of their farm from one generation to the next. We get to know our customers of all ages and we’re really happy we get to work with all of them.”

Two Rivers cares about your business. Check out our website to learn more about our business services that can help you help your employees and customers, no matter their age.

 

Give the Gift of Finances!

email headerLet’s face it. Your child has everything! They’re fed, clothed, and probably even have an Xbox One, a cellphone, or both! But did you know that 48 percent of children are lacking a college fund or any type of savings account?

Coralville Personal Banker, Jeannie Beisel, believes it’s never too soon to start teaching your children sound financial habits. “The earlier that you start those good habits, the better they’re going to stick.”

So, ‘Why open a Jr. Banker Savings account during the holidays?’ you ask?

“Grandparents, aunts, uncles, etc. give money around the holidays, and opening a Jr. Banker Savings account at Two Rivers Bank & Trust will teach kids how to be responsible with their money instead of spending it on the first thing that catches their eye,” said Beisel.

It costs $5 to open the account.

Investing in your child’s future has never been easier! For just $5, you can open your little one’s savings account and set them up for a bright future. “The interest rate for the Jr. Banker Savings account is phenomenal,” said Beisel. “So your child’s money will grow as it just sits safely in the account.”

Maintaining a bank account teaches your child about money management.

campfireDon’t you wish someone taught you more about money management as a kid? Kids will be better off financially as adults when they grow up learning to set aside money, instead of spending it the minute they get it. Opening a savings account for your child is a great excuse to start that dialogue to explain why it’s important to save, and how much they should be saving. The best part? With a Jr. Banker Savings account, you can open it when they’re five, and it can stay with them when they decide to take up babysitting or a paper route a couple years down the road.

Your loved ones have more ways to give to your child.

All too often, grandparents, uncles, aunts, cousins, and even friends are uncertain about what to give your child for birthdays or holidays, so they turn to cash or gift cards. Beisel said, “A Jr. Banker Savings account is great for when your children do get monetary gifts from relatives.” So, rather than sending out extensive gift lists and keeping track of who got what, an alternative would be to ask your loved ones to contribute to your child’s savings account. A donation to your child’s savings is the gift that keeps on giving since Two Rivers Bank and Trust pays interest on these accounts!

For $5 you can open the door to financial security for your little one’s future, and your child will learn how to manage money – an invaluable gift.

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National Make A Difference Day

At Two Rivers Bank & Trust we like to take advantage of every opportunity we have to make a difference in someone’s life.

For example, Ashley from our Mt. Pleasant branch enjoys greeting our customers with a song!

Senior Branch Manager Linda Springsteen in Mediapolis says here at Two Rivers, that’s how we aim to treat each and every one of our customers.

“When our customers walk through the door, we always greet them and try to make them feel special,” said Springsteen. “We get to know our customers, not just on a financial level, but on a personal level. It’s not just coming in to take care of a transaction, and then they’re out the door. We like to have friendly conversations where we have the opportunity to ask them about their families, their trips, or anything else that’s happening in their lives.”

What Linda said goes to show that it doesn’t take a lot of time, or even a lot of energy, to positively impact someone’s life, which is why we want you to dedicate a portion of your day to Make a Difference.

Springsteen even had some great suggestions for how you can get involved. “When you’re walking down the street, say ‘hello’ to somebody or open a door for someone walking in somewhere. You could even call your neighbor to see if there’s something special you could do for them. Whether it’s raking leaves or fixing a meal, just offer to do something special for them.”

You could smile at a stranger, tell a friend you appreciate them, send someone a hand-written card, donate your time or volunteer. Whatever you decide, Springsteen believes it’s important to remember this:

“Just try to do what’s best for your community and your neighbors. At Two Rivers Bank & Trust, we like to make sure that we make a difference in everybody’s life, every day.”

 

At Two Rivers Bank & Trust, we want every day to be Make A Difference Day! Become part of our neighborhood that makes a difference.

 

National Good Neighbor Day

Today we acknowledge and celebrate the importance of good neighbors. It’s always enjoyable having a good neighbor, but we think it’s more important to BE a good neighbor. That’s why today, on National Good Neighbor Day, our branches across Iowa are going out into their neighborhoods to deliver a smile, and in some cases, goodies too! IMG_0302

Senior Branch Manager of Central Iowa, Igor Cavlovic, said, “A good neighbor is someone that you can always count on, that’s there for you when you need them. Someone that you can have a nice conversation with and help each other out, which are all important values to us at Two Rivers Bank & Trust.”

All three of our Burlington/West Burlington branches decided to deliver goodie baskets to customers and neighbors alike, including the police and fire departments, while our Coralville and Iowa City branches delivered their baskets to local police stations and area businesses.

Our Mediapolis branch served 475 people at a Community Appreciation Luncheon, held earlier in the month on September 10, which they said was a great neighborhood event that they will continue to participate in.FullSizeRender

Julie Brown, Alicia Whalen (pictured left), and the rest of our team in New London packed a van filled with balloons and donuts and is spending the day thanking the New London Schools, Daycare, Police, the Mt. Pleasant Police and Iowa Wesleyan University.

Cavlovic in Des Moines decided to offer their branch services to the Food Bank of Iowa in downtown Des Moines. “They need help with sorting dry goods, baked goods, and today we are providing some assistance to them so that they can get that distributed to those in need,” said Cavlovic.

 

Get out into your neighborhood today and do some good. Hold the door for someone walking behind you, strike up a conversation with a stranger, pay for someone’s coffee, write a positive review about a business you enjoy…

“Volunteer, maybe go around and deliver some small treats to your neighbors around you to say ‘thank you for always being there for us,’ and just showing that appreciation,” said Cavlovic.

At Two Rivers Bank & Trust, you’re rewarded for being a good neighbor. In 1991, The Good Neighbors Club was started with about 100 members and today we have grown to a membership of over 3,000!

 

Senior Blog

Safe Financial Tips for Seniors

As many consumers get older, it can be difficult to manage their finances. With times and technology constantly evolving, it can also be difficult for seniors to maintain their financial security and keep their account information out of scammer’s hands. At Two Rivers Bank & Trust, we value teaching our customers how to bank safe—here are five safe financial tips specifically geared towards older generations.

Know the red flags of fraud
It’s important to know the red flags of fraud—unsolicited phone calls, unexpected emails or calls requesting account information are all major red flags that someone unknown is trying to access your money. Also be on the lookout for offers that seem too good to be true, or individuals who seem to be expressing a new or unusual interest in your finances. Many scammers may also call you requesting large sums of money via wire transfer to help a relative—before sending any money, be sure to call your family members to check on their story.

“The biggest problem that I’ve run into in my career has to do with phone calls,” explains Eric Benne, Two Rivers Bank & Trust VP & Trust Officer. “For example, many seniors receive phone calls from individuals claiming to be relatives in trouble or even callers claiming to be the IRS. Always do your research before giving any information to these individuals. And remember, the IRS will never call you!”

“The most important piece of advice to remember is to trust your gut. If something doesn’t seem right, it probably isn’t. Even if you feel like the person calling you is legitimate, always do your research before taking action.

Research financial advisors before investing money or paying for services
Before you follow advice from your financial advisor, you may want to double check their background, and research what their title actually means.

“Make sure that you find someone who is capable of assisting you in a proper way,” says Benne. “It’s easy enough to check and see that whoever you’re dealing with is registered with the proper licenses. Meet with them in person to see if the relationship will fit your needs before you even commit to working together. Most importantly, trust your instincts when it comes to this relationship—you need to trust your financial advisor and feel comfortable with them.”

A financial advisor is a great tool to have, but only when they keep your best interests in mind and truly have your back. Ensure you’re receiving the best financial advice and feel confident in your financial decisions by researching reputable financial advisors in your area.

Stay up-to-date with your account information and statements
Make sure your account withdrawals and deposits are accurate by reviewing your statements as soon as you receive them. If you notice any questionable withdrawals or activity, call your bank immediately to clarify the activity or to report potential fraud on your account. If you’re able to, also consider switching your paper statements to eStatements. eStatements will help reduce your risk of fraud, while also allowing you the ability to monitor your account activity any time of day via your computer or mobile device.

Be careful who you give legal authority to access your accounts
As you get older, it only makes sense that you include a Power of Attorney on your accounts. While this is a smart move, make sure you only give this access to someone you trust and who has your best interests in mind—a close family member or friend may be an excellent choice. Before giving them access to your accounts, make sure you sit down with them to layout your expectations and financial limitations, that way everyone is on the same page, and there will be no miscommunication down the road.

“Anytime you start to explore the avenue of allowing another individual to have authority over your affairs, you need to make certain that they are the right person for you, and it’s also the right decision for them,” explains Benne. “Even though someone may seem trustworthy, you don’t know what’s going on in their life—make sure it’s a good decision for them, too. It also doesn’t hurt to work with an attorney to have another set of eyes on your accounts and decisions.”

Sign up for direct deposit
Direct deposit allows your money to be deposited directly into your account without having to receive any checks in the mail. Direct deposit offers a fast and safe way for you to receive money during retirement—like your pension or social security—without having to go to the bank to deposit the money yourself. Even if you are receiving direct deposit, you still want to make sure that you are checking your account each month to see that you are receiving the full amount you are entitled to receive. If you notice an error, be sure to contact your bank right away.

“Direct deposit is an efficient program that can eliminate obstacles or hassles—especially for seniors that have physical limitations or disabilities. Always important to double check statements for accuracy—at the end of the day, it’s your responsibility to check your accounts to ensure they are accurate.”

 

Keeping your account information safe is a full-time job. Do you have additional questions regarding your account security? Contact Two Rivers Bank & Trust today—we’d be happy to talk with you and answer any of your questions!