Economic Impact Payments are on the Way

Economic Impact Payments, more commonly known as Stimulus Payments, have started to be issued to eligible individuals as of the last week in December. The stimulus payment amount for eligible individuals will be up to $600 for individuals, $1,200 for married couples, and up to $600 for each qualifying child. These individuals will receive a stimulus payment one of two ways, either by direct deposit or paper check, throughout the month of January. The IRS asks that people visit irs.gov for...

Rate or interest is simply a percentage of the loan a lender charges to borrow money. This figure is beneficial to know so you can compare the cost of different lenders. To make the comparison easier, lenders must also inform you about how that interest rate will affect your payments over an entire year. This interest is known as the Annual Percentage Rate or APR, and it also includes any fees or additional costs associated with the loan.

Positive Pay is a fraud prevention system offered by the bank to protect against altered, forged, and counterfeit checks, along with ACH filtering & blocks, and account reconciliation.

Learn more in the Positive Pay Video below, or on our Business Resource Manager page!

It is important for all of our communities, including our staff, to spend time with family and friends during the Holiday season.  We will have special Holiday hours for our staff to share their time together with the people that are the most important in their lives.  Therefore, all Prevail Bank locations will have some special hours, in observance of the Christmas and New Year’s holidays.

All locations will be closed...

When deciding if refinancing your home loan is the best option, you will need to consider all necessary information to make an educated decision. Other than whether you can receive a better mortgage rate, there are many reasons people refinance their mortgage. Some of these reasons should have a higher priority than others.

When looking at refinancing, you should ask yourself these basic questions to determine if refinancing is right for you at...

At Prevail Bank, we recognize the importance of our local organizations and the resources they provide for our community. By donating to your local organization, we will match up to $1,000 total for each organization this holiday season. Anyone in the community can drop off monetary donations to the bank. Check out each of our locations chosen organization and learn more about the positive impact each has on its community below.

Baraboo

Sauk...

At Prevail Bank, our main focus is pursing what’s possible in our local communities. Being a community bank means that we are looking to enhance organizations in our surrounding communities in order to help them achieve not only stability, but growth. We believe that through the power of donations we can continually have a part in the success of local organizations and in the community as a whole. Check out the organizations that are taking advantage of our Charitable Contributions...

The wait is over, our 2021 community calendars are now available and we couldn’t be more excited! Each month features a unique photo, submitted by local employees and community members, depicting our community’s great scenery, landscape and lifestyle. We were overwhelmed with great submissions this year, which made it hard to choose only twelve. To receive a FREE copy of our 2021 community calendar, stop...

Are you getting ready to dive into your first home purchase? Before doing so, it’s helpful to learn the difference between two types of loans offered by banks, to make an educated decision. These two loans are Portfolio and Secondary Market Loans.  Ultimately, deciding which of these loans is best for you, will depend on your preferences and unique circumstances.

Portfolio loans are both owned and managed by your local bank. ...

While putting 20% down on a home loan is the most cost-efficient option long-term, we understand that down payments can be difficult for many families to make. To assist home buyers who are unable to put at least 20% down on a home loan, Prevail Bank offers what is called Private Mortgage Insurance, or PMI for short.* PMI was established to help more homebuyers afford...