May 2016

Out with the Old and In with the
Savings This Spring 
Spring is the time many of us do a thorough cleaning around the house.  But what about your finances?  Follow these tips now to clean up your finances and alleviate pressure on your wallet throughout the year.

Pay down debt.  Evaluate what you are paying in interest. If a better rate exists, request it.  Or, refinance your mortgage.  Pay down debt with the highest interest rate first. 

Stick to your budget.  After you have itemized your list of expenses, identify areas where you can cut back. Develop a strategy for spending and saving and stick to it.    
 
Check your credit report. Every year, you are guaranteed one free credit report from www.annualcreditreport.com. Check it for any possible errors. Mistakes can drag down your score and prevent you from getting a loan, or cause you to pay a higher than necessary interest rate. 

Set up automatic bill pay. By signing up for automatic bill pay, you'll never have to worry about a missed payment impacting your credit score.
 
United Way of Indian River County Recognizes Marine Bank's Karl Williams for Exceptional Leadership
The United Way of Indian River County recently awarded Karl Williams, Commercial/Government Guaranteed Lender for Marine Bank & Trust, with its Chairman's Award for Exceptional Leadership on behalf of the organization. In addition to serving as a board member and executive board member, Karl also contributed to the Finance and Joint Audit Committee and Citizens Review Committee.

Last September, Williams chaired the United Way's Day of Caring and achieved tremendous results as more than 300 volunteers donated manpower to 31 projects and 22 local non-profits. More recently, he served on the 3rd Annual Jackie Robinson Celebration Game Committee which marked the 69th anniversary of Jackie Robinson's Major League debut with the Brooklyn Dodgers, as he broke the color barrier in 1947 to become the first African-American to play Major League Baseball.  Read More
Follow Marine Bank on
Facebook and LinkedIn 

Marine Bank invites you to follow us on Facebook and LinkedIn. Social media is an excellent way for you to follow what's going on inside the Bank and around our community.  Even better, it's a great way for us to engage with our customers.
 
Small Businesses Best Served by Community Banks
Small businesses that apply for loans with community banks are the most successful and most satisfied, according to a  new report from seven Federal Reserve Banks . The survey of nearly 3,500 small-business owners in 26 states found that community banks extended at least some of the financing requested by loan applicants to 76 percent of applicants surveyed. Large banks approved 58 percent of applicants.
                           
The Wall Street Journal reported that large banks are making fewer loans to small businesses, declining from $72.5 billion in 2006 to $44.7 billion in 2014. According to the survey, micro-firms successfully got financing 33 percent of the time with big banks compared with 60 percent of the time with community banks.
Tickets for the Vero Beach Air Show
Are Available at Marine Bank
 Stop by
571 Beachland Boulevard 
or
1450 US Highway 1 
and get yours today!