Blog
First Independent Bank Announces New Senior Vice President, Gary Kellen
First Independent Bank is excited to announce that Gary Kellen has re-joined the bank as Senior Vice-President specializing in Agriculture and Commercial Lending.
What IRA is Right for You? Traditional, Roth, and SEP IRAs Explained
When saving for retirement, Individual Retirement Accounts (IRAs) offer a practical and tax-advantaged way to secure your financial future.
5 Questions to Ask Before You Buy Your Next Piece of Farm Equipment
As a local bank invested in the success of our agricultural community, we understand the importance of making wise financial decisions when purchasing equipment for your agricultural operation.
Why You Should Use First Independent Bank for Your Ag Equipment Financing Needs
When it comes to financing your farm equipment, you have a lot of options available to you, including big banks and online lenders.
Three Reasons to Utilize First Independent Bank's First Reserve Line of Credit
Some months make it harder to reach your financial goals than others. With bills, unexpected expenses, medical bills, etc., you might look at your bank account and realize that you're going to need more money to make it to your next paycheck.
How To Know It's Time to Upgrade Your Farm Equipment
Farming equipment is essential to getting your daily tasks done on the farm. Old or deteriorating equipment could slow or stop your operations,
Top 3 Agriculture Equipment Buying Trends for 2023
Farming equipment is an essential part of your agricultural operations. When it comes time to buy new equipment,
First Independent Bank's Response to Recent Headlines
As a community bank, First Independent Bank remains well-capitalized and well-positioned to continue to serve our customers and community.
Four Tips on How to Get the Most Out of Your Credit Card
Credit Cards have become the easiest way to build, improve, and maintain your credit score. Some cards offer many benefits and can be a lifeline in an emergency.
The Best Advice if You’re Looking to Buy a Car in 2022
The supply chain is still reeling from the pandemic shutdowns over the last two years. While we are starting to see some sectors go back to normal, the car market is still struggling to regain a sense of normalcy.
UTV or ATV: What is the Best Off-Road Terrain Vehicle for Me?
A UTV (Utility Terrain Vehicle) or an ATV (All-Terrain Vehicle) can be a great addition to your home, farm, or cabin.
Four Reasons Working With a Local Bank Benefits Your Business
Banking is an essential part of your day-to-day business operations. From daily deposits or withdrawals to business loans, your experience with a bank could positively or negatively affect your company’s success.
5 Ways an SBA 504 Loan Could Benefit Your Small Business
When it comes to getting a loan for your small business, there are many options. You might have heard about the SBA 504 Loan program explicitly created to support the small business industry.
What HSA Accounts Are and Why You Might Want One
A health savings account (HSA) is similar to a personal savings account, but it can only be used for healthcare expenses.
Six Budget-Friendly Summer Vacation Ideas That Are Fun for the Whole Family
As prices rise on gas and goods, hotels and airfare are climbing alongside them, and many people’s budgets are getting tighter. You might be wondering how you can justify getting out and taking a vacation this summer. But there are plenty of ways to plan a vacation that fits your lifestyle and will keep you on track to meeting your financial goals.
First Independent Bank and Citizens State Bank of Tyler, Inc. Announce Merger
First Independent Bank, Russell MN, and Citizens State Bank of Tyler, Inc., announced the signing of an agreement to merge. Completion of the transaction is scheduled for May 31, 2022.
Please Welcome New Bankers in Our Cottonwood and Vesta Locations
We are excited to introduce two new bankers who have joined our team through the merger with United Southwest Bank!
4 Types of Commercial Loans for Growing Your Business
We know that cash flow rises and falls when it comes to your business. Sometimes a commercial loan is what you need to move your business forward, whether that’s so you can hire more employees, make improvements to your store, or buy new equipment.
What You Need to Know Before Buying Your Dream Fixer-Upper
In the current hot housing market, many people are thinking about buying homes that need some work. But is buying a fixer-upper right for you? Here are the pros and cons of buying a house that needs renovations.
5 Helpful Tips for Beginning Minnesota Farmers
Did you know that 25% of all farmers are beginning farmers (in business less than ten years); their average age is 46 (source: Farm Bureau). In Minnesota, we rank fifth in the nation in agricultural production, and our top five agricultural commodities are soybeans, corn, livestock products, wheat, and processed vegetables.
Steps to Take to Get Preapproved for a Mortgage
Knowing your home buying budget and the loan amount you will qualify for is an important part of the search process when you’re in the market for a new home. That’s where mortgage preapproval comes in. Getting preapproved for your mortgage can help give you confidence and show you are a serious buyer in a competitive housing market.