FAQ

Have you ever considered a farm loan, but weren’t sure what it involved? Good news - we’ve got the answers! Keep reading to learn more.   What is a farm loan used for?  A farm loan is for farmers or ranchers who want to purchase, sustain or expand their family farm but aren’t able to get credit elsewhere in order to do so. Read More

Retirement may seem far away or it may be approaching soon. Either way, you likely have some questions as many people do. Today, we will tackle some of the most common questions.  What is an IRA? IRA stands for Individual Retirement Account. The purpose of it is to help people save for retirement. The two basic types of IRAs are Traditional and Roth.  Traditional: With a Traditional IRA, you are able to put pre-tax dollars away for retirement, which will later be taxed upon withdrawal. Roth: Read More

An IRA is an individual retirement account that is used as a tool for people to earn and earmark funds for retirement savings.  Retirement may seem far away, but the earlier you start to save, the better off you’ll be! You have flexibility when choosing investments and minimizing taxes, which means an IRA can play a huge role in how prepared you are for retirement.  With that said, many people don’t fully understand how IRAs work. They can be confusing. As a result, Read More

Harvest season is finally nearing its end, and the winter snow is soon on its way. These upcoming months will be focused on your livestock, preparing for the spring, and creating a plan for 2017. If the coming year includes expanding your operation, or making some much needed repairs, our experts at Exchange Bank of Northeast Missouri are here to help! With our experienced ag lending services, we offer the answers you need to help your operation continue to grow.   Q: What operational Read More