Message from the CEO

I hope all of you are as happy to see spring come as I am. Six months of winter is too much. After a period of time without a newsletter to our customers due to some staffing changes, we are happy to provide you with this spring newsletter. We plan to send out each spring and fall. We hope you like it and plan to keep you updated on bank products and a variety of other items.

We are very proud of our Internet Banking product and thank all of you that are using the product. If you are not using it, please stop and visit with one of our Personal Bankers who will demonstrate the product for you. Internet Banking works very well in combination with our Home Equity Credit Line. If you have both products you can go on-line and advance funds you need to purchase vehicles, take vacations etc. without even calling the bank.

For those of you that don’t use the Internet, please try our Telephone Banking. You can check balances, determine if a check or deposit has cleared and transfer funds 24/7 just by calling a toll free phone number. Please see one of our Personal Bankers to get signed up.

Spring and summer is a great time for one of our home improvement loans. Need a new roof or siding, a new addition or that kitchen you have wanted to remodel? With rates at all time lows, now would be a great time to talk to our loan experts.

We are very proud of all the banking relationships we have developed with our small business and farm customers. We have new loan promotions for equipment and real estate loans at this time. Please contact one of our business or agricultural lenders to discuss.

We appreciate our customers and I feel we don’t say "Thank You" nearly enough. It is because of you that we have been able to grow as a local community bank.

From all of us at Minnesota National Bank, Thank You!

Paul Skorheim

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In the Spotlight: Lisa A. Rutten

Years Employed: 12 years as a Personal Banker
Hometown: Spring Hill, MN
Hobbies: Walking, watching my kids' activities, traveling, spending time with family and friends, playing cards or games
Favorite Food: Ice cream
Favorite Actor: Matthew McConaughey
Favorite Actress: Reese Witherspoon
Favorite Color: Yellow or blue (pretty much anything bright)
Family: Fiance-Darryl Kohout, Children-Rachel, Samantha, Melanie, Kyle and Anna
What do you enjoy about working at MN National?:The staff here is caring, involved in the community, and willing to lend a helping hand. I like to help people whether it is opening an account or helping with their deposit. No two days are ever the same. 

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Sign up For Direct Deposit

Direct deposit automatically places your paycheck, pension, Social Security, or other regular monthly income into your checking, savings, or money market account. (Starting May 1, everyone who applies for Social Security or other federal government benefits will be required to arrange for direct deposit of their payments. The government plans to phase out paper checks entirely by 2013.) It can make your life easier and reduce paperwork. With just a few forms, you can eliminate a lot of hassle. Here are the advantages of using direct deposit: 

• Quick. There's no more waiting for checks to clear. Have access to your funds sooner. 
• Convenient. Saves time and gas. No more driving to the bank or standing in line. 
• Secure. Eliminates the risk of your check being lost or stolen in the mail. 
• Reliable. You always know when your check will be deposited - even if you are out of town. 
• Free. There is no cost. 

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Saving for Retirement

Are you on the way to a financially secure retirement? Counting on Social Security or the equity in your home to fund your retirement may not provide you with enough money to live comfortably.

If you have a retirement plan at work, participating in it is one of the best ways to save for tomorrow, even if retirement is years and years away. Here are four reasons why a company retirement plan is so beneficial:

Potential Tax Benefits Before You Retire
Contributions to your retirement account are “pre-tax” dollars that reduce taxable earnings on income, which may result in a lower tax bill every April.

Earnings Are Tax-Deferred
You won’t pay any taxes on your workplace retirement savings until you make withdrawals. Be aware that if you take money out of your account before you turn 59-1/2, you’ll not only pay taxes on the withdrawal, but a 10% penalty as well.

Potential Tax Benefits After You Retire
You may be able to save on taxes when you withdraw money during retirement because you’ll most likely be in a lower income tax bracket.

“Matching Funds” Can Increase Your Retirement Nest Egg
Many organizations add money to your account by matching a percentage of your contributions, providing a rare opportunity to get something for nothing. For example, let’s say you save 6% of your income in your company’s savings plan, and your total contributions for the year come to $3,000. With a plan that matches 50% of your contributions up to 6% of your income, you’ll end up with an extra $1,500. Consider it “free” money that will help boost your retirement savings every single year.

If you leave your job or are close to retirement, Minnesota National Bank can help you protect your wealth. When you change jobs or retire, you’ll have some decisions to make about your retirement savings account. We can help you make informed decisions to protect your savings and guarantee that you’ll have income to last a lifetime.

We’ll work with you to help determine the amount of money you’ll need to maintain your lifestyle and provide options that can ensure continued financial security and peace of mind.

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Making Banking More Convenient for You!

Identity Theft

Services that protect you from becoming a victim of identity theft:

Paying Bills Online: By paying your bills online, you avoid putting your paper checks and personal information in the mailbox where criminals can steal your information.

Debit Cards: Your personal information such as your address or phone number are not on your debit account like it is on your checks.

Online Banking: By viewing your accounts through online banking you can keep an eye on your account activity.

Our team of experts would like to answer any questions you may have. Stop in to one of our branches today.

Online Banking

Convenience: Online banking sites never close; they're available 24 hours a day, seven days a week, and they're only a mouse click away. If you're out of state, or even out of the country when a money problem arises, you can log on instantly to your online bank and take care of business, 24/7.

Transaction speed: Online bank sites generally execute and confirm transactions immediately.

Efficiency: You can access and manage all of your bank accounts, including IRAs, CDs, even securities, all from one secure site.

Security: Online banking is safe and secure.

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Congratulations Graduates!

Students - Stop in to See How You Can Get $50!

Whether you are heading off to college or that first full-time job, we are here to help with your financial needs.

A checking account and Shazam check debit card from us provides you with an easy, convenient way to access and manage your money. And, if you are headed off to college , you can still keep your accounts at home and access them 24/7 with our online banking.

A savings account with us is a great way for you to plan for your future needs.

Stop in and let one of our Personal Bankers help you make the most of your hard earned money.

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