Education Savings is Simplified in 2018

The recent tax bill expands 529 savings plans to include expenses for elementary and secondary education. And, the annual gift tax exclusion has increased. This is big news for education savers – no matter how much you are saving! Congress wanted to make it easier to...

5 Important Questions When Choosing Your New Home

Moving into your own place can be exciting and frightening at the same time. At Patterson State Bank, we suggest considering the following questions when choosing your new home. 1. How much money do you have saved for a down payment?Start with an evaluation of your...

6 Tips for Improving Your Credit Score

A crucial step of purchasing a home is ensuring that you have good credit history. At Patterson State Bank, we suggest the following 6 tips to improve your credit score. 1. Request a copy of your credit report and make sure it is correct. Your credit report...

Teaching Children To Save

Believe it or not, financial habits are learned at a very young age. Many parents are seeking more information to better their own financial knowledge and situation, but they often forget or are not confident enough to pass on the lessons they are learning to their...

Teach Children To Save

We are proud to be participating in the American Bankers Association’s 19th Annual Teach Children To Save Day and helping build a generation of savers.  This program is banker driven and focuses on teaching children the necessary skills for good money habits and...