Stearns Bank N.A.
Limited-Time, 2.65% APY 18-Month CD Announced by Stearns Bank
Posted: August 26, 2022 | By: LendVer Staff – Stearns Bank National Association, a $2.3 billion nationwide financial institution based in St. Cloud, MN, just announced the release of a limited-time 18-month certificate of deposit (CD) with an industry-leading 2.65% APY. Stearns Bank is a commercial bank primarily focused on cultivating and supporting the success [...]
Federal Reserve Increases Benchmark Rate 75 Basis Points
Posted: June 15, 2022 | By: LendVer Staff – The central bank announced the increase of its benchmark interest rate by 75 basis points after the meeting of its Federal Open Market Committee (FOMC) today. This marks the most aggressive rate increase since 1994, and follows an increase of 50 basis points in May of this [...]
Stearns Bank Holdingford National Association to be Acquired by Canadian-Based VersaBank to Expand VersaBank’s Banking Services to the United States
ST. CLOUD, MINNESOTA, UNITED STATES, June 14, 2022 / –Stearns Financial Services Inc. (“SFSI”) today announced it has signed a definitive agreement with VersaHoldings US Corp. to acquire Stearns Bank Holdingford N.A. (“SBH”) and launch VersaBank’s expansion into the United States. Canadian-based VersaBank, a leader in digital banking and cyber security solutions, is acquiring SBH through its [...]
LendVer Reviews Stearns Bank N.A. and Names it the 2022 Best Business Bank Account Provider
WILTON, CONNECTICUT, UNITED STATES, May 25, 2022 / — LendVer, the reputable database of vetted business and investment property lenders and service providers has finalized its review process for the 2022 Best Business Bank Account, and has selected St. Cloud, MN based Stearns Bank National Association. Founded in 1912, the bank was acquired by Norm Skalicky [...]
What is Working Capital?
Posted: May 11, 2022 | By: LendVer Staff – Working capital consistently ranks among the top financing needs for small business owners but what it is, or what it can be used for still remains a mystery to many. Under its most basic definition, it is cash-on-hand to fund the continued operation of your business. [...]