SPECIAL NOTICE TO OUR CUSTOMERS 9/21/2021
We typically do not raise issues occurring in Washington with our customers. The Biden Administration is proposing a sweeping expansion of tax information reporting aimed at raising revenue to help offset the cost of additional spending programs in the American Families Plan. The proposal, if enacted, would require banks to report detailed information on customer bank accounts to the IRS. This raises serious questions about Americans’ right to privacy.
Congress is expected to vote on this new proposal in the coming days.
Jersey State Bank is here to serve our customers and community. We encourage you to contact your lawmakers and express your opposition to this new, broad IRS reporting proposal. To assist with your response, a link is provided by the American Bankers Association: aba.social/ContactCongress
NOTICE: Per the State mandate to limit the transmission of COVID-19 we are asking our employees and customers to wear masks when inside our buildings.
Whether you are looking to purchase new or used farm equipment, we are here with a program to help cultivate growth!
0% for 6 months
2.99% for up to 54 additional months
Plus, you’ll get support from our Ag lending team, neighbors ready to lend their expertise – whenever you need it.
Let’s get started – Call our team today!
Tom Schnelt VP & Senior Lender 618-498-6466 Ext. 227
Chad Bowker VP & Commercial Lender 618-498-6466 Ext. 225
*Program effective July 1, 2021, and subject to change without notice. Normal loan underwriting standards apply. $200 underwriting fee. At end of introductory period, current interest rate will be 2.99% with up to an additional 54-month term. Flexible principal & interest payment per amount borrowed. No minimum interest or prepayment penalty.