Stearns Bank N.A.
High-Yield 3.79% APY 6-Month CD Released
Posted: January 19, 2023 | By: LendVer Staff – Stearns Bank N.A., a $2.3 billion nationwide financial institution based in St. Cloud, MN, recently announced a limited-time, FDIC insured 6-month certificate of deposit (CD) with an industry-leading 3.79% APY*. Stearns Bank is a commercial bank primarily focused on cultivating and supporting the success of its business [...]
Is Adjustable-Rate Financing Better in a Rising Interest Rate Environment?
Posted: October 28, 2022 | By: LendVer Staff – The question of whether adjustable-rate financing or fixed-rate financing is better may not have you scratching your head—as the benefit of locking in a predictable rate for the long-term may be obvious while the pitfalls of a seemingly volatile rate can be cause for concern. What [...]
Limited-Time, 3.25% APY 18-Month CD Announced by Stearns Bank
Updated: January 18, 2023 | 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 3.25% 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 /stearnsbank.com/ –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 [...]