Tag Archives: VCNB

Be entered to win for using Popmoney ® payment service

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Have you used Popmoney ® personal payment service yet? There are countless ways to use it and right now there are lots of opportunities to win a prize just for using it.

That’s because Popmoney will enter you in a daily drawing to win $100 a day when you use the service to pay someone!

Popmoney is a convenient tool available through VCNB Online Bill Pay. While Bill Pay allows you to pay bills to companies like your credit card or cell phone providers or to your doctor’s office, Popmoney allows you to electronically send money to individuals like your friends and family.

All you need is the recipient’s mobile phone number or email address. They will receive a text or email instructing them how to claim their funds to their bank account.

So the next time you’re out on the town and need to repay a friend for a movie ticket, don’t hit the ATM, send the funds using Popmoney and you will be entered in the $100 a day drawing. The next time your son at college needs a few bucks or you want to send a last minute birthday gift to your grandaughter you can do it quickly and inexpensively and have a chance at that daily prize.

Popmoney is available through VCNB Bill Pay which you can access through your online banking. At .50 per transaction, sending money through Popmoney is quicker, safer and more cost effective than sending a check through the mail.

So what are you waiting for? Login to your VCNB account today to get started!

Click here to Read Terms and Conditions.

VCNB and Citizens Bank of Ashville announce agreement to merge

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McARTHUR, Ohio/Ashville, Ohio — McArthur, Ohio-based Community Bancshares, Inc. (“CBI”), parent company of The Vinton County National Bank, and The Citizens Bank of Ashville (“Citizens Bank”), announced today the signing of a definitive agreement under which Citizens Bank will merge with Vinton County National Bank.

Under terms of the agreement, CBI will pay $40.00 per share in cash for all of the outstanding shares of Citizens Bank. The aggregate deal value of $12.2 million represents 141 percent of Citizens Bank’s tangible book value per share as of March 31, 2014.

Citizens Bank, with total assets of approximately $105 million as of March 31, 2014 and total equity of $8.7 million, operates three offices in Pickaway County and one in Franklin County, Ohio. Vinton County National Bank operates 13 branches in seven counties situated in the central and southeast regions of Ohio. As of March 31, 2014, Vinton County National Bank reported $765 million in total assets and $89 million in total shareholders’ equity.

When completed the transaction will create a 17 – office community bank operating in seven counties, with approximately $870 million in total assets, $560 million in total loans and $750 million in deposits.

Michael J. Lamping, President and CEO of Citizens Bank, said, “We are excited and fortunate to be joining with one of the oldest and most successful community bank franchises in Ohio. Once the merger is completed our business and consumer banking customers will have immediate access to a broader array of deposit and loan products, substantially more locations and state-of-the-art technology-based banking services. The combined companies will extend from Columbus, south along the U.S. 23 and U.S. 33 corridors, creating an attractive market area with many future opportunities,” Lamping added. “CBI is very committed to the Pickaway County market as their strategy includes active community involvement. Citizens’ four offices will continue as community banking centers and Citizens will have representation on the CBI Board of Directors.”

“Citizens Bank’s Grove City office in suburban Columbus and its three Pickaway County locations expands our footprint in two strategically important markets,” said CBI President and CEO Thomas D. Will. “Citizens Bank has been providing exemplary service to its customers for nearly 120 years and its community bank personal service model fits well with our own community bank, customer-centric culture,” Will added.

The transaction is expected to close by year-end 2014, subject to regulatory and shareholder approvals.

Austin Associates, LLC has acted as financial advisor and Shumaker Loop & Kendrick, LLP is legal counsel to CBI in connection with the transaction. Performance Trust Capital Partners served as financial advisor and Tucker Ellis, LLP is legal counsel to Citizens Bank in the transaction.

Declare Your Independence From Credit Card Debt

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Independence Day is just around the corner bringing with it cookouts, fireworks and community celebrations to honor this important day in American history.

But what about your own independence? Your financial independence?

Every day is a good day to consider the health of your finances, especially if you have a large amount of consumer debt. If you are looking to reduce some of that debt this year, here are four simple tips to help you get started.

  1. Put away the card – If you already have credit card debt, you don’t need to accumulate more. Stop using your card and focus on paying down the balance. It may be painful at first but it will be worth the victory of seeing a zero balance. If you do use your card, be sure to pay off those charges each month.
  2. Cut expenses – Look for ways to trim your budget and apply the savings to your debt pay-off. Shop around for a better phone deal, reassess your insurance rates and look for ways to save on your utilities. For some, eliminating a meal out each week is a painless way to save a few dollars. Remember, when it comes to debt, every dollar counts.
  3. Budget – Make a budget that accounts for every dollar in and every dollar out. It doesn’t have to be fancy. You can use a pen and paper or an app on your phone. Just be sure to list every expense, including those that occur irregularly like property taxes and car maintenance. Be realistic in your planning but be sure to give every dollar a job. Each dollar should be committed to an expense or a savings goal. As you create your budget, if you find that you have more expenses than income, see step three above. It’s time to work on reducing expenses. Also, review your budget regularly to remind yourself of how much money you have available and why you are cutting expenses. Keeping a log of daily expenses may open your eyes to small expenses that add up quick like morning coffee, magazines and other nonessentials.
  4. Prioritize – If you have a balance on more than one card, prioritize the payment schedule. Some people like to focus on the card with the smallest balance. In doing so, you will celebrate an accomplishment of paying off a debt quickly. Others like to choose the card with the highest interest rate and focus extra payments there. Whatever you do, remember to always pay the minimum balance on every bill. Also remember that once you pay off one debt, you need to apply the funds you were spending there to the next bill on your list. This “snowball effect” will help you pick up momentum and pay off debt faster.

If you have a large amount of credit card debt, it probably didn’t accumulate overnight so you can’t expect to pay off everything overnight either. However, making a few changes, and even some sacrifices here and there will go a long way toward helping you achieve your financial goals.

 

Helping businesses with PayChoice

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closeup of blank check

At VCNB we understand that the time of a small business owner is valuable. That is why we are constantly looking for ways to help businesses and to make life better for owners and managers.

One way we do that is through great customer service and with products like our business payroll service PayChoice.

With PayChoice, you can process payroll online in minutes rather than hours. Best of all, you can access your account from a web browser to process payroll anywhere, anytime, no matter where your business takes you. Through an online secure portal, you can access many benefits:

–   Federal, state and local tax administration with a penalty free filing guarantee if the    client incurs a penalty that is due to an error made by PayChoice.

–   Extensive array of online payroll management reports.

–   Choose paper checks or use direct deposit for employee pay.

–   Vacation and sick time tracking.

–   Online employee pay stub and W-2 access.

–   Free customer service is available from 8:30 a.m. to 8 p.m. EST via email, phone and online chat.

All of this is backed by a six month guarantee.

A flat monthly fee of $49.95 covers payroll processing, tax administration and direct deposits for any number of pay runs. This service meets the needs of most companies with up to ten employees. Full service payroll options are available for larger companies with more complex needs as well.

To learn more about PayChoice, contact your local VCNB office or call 1-800-542-5004.

 

 

 

 

Stay Safe At the ATM

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The ATM is a wonderful convenience, especially if you are unable to make it in during bank hours. Unfortunately, a combination of opportunity and means could make you an unsuspecting target if the wrong person came along.

It is important to think ahead and to take some precautions at the ATM. Here are some tips to keep you and your money safe.

  1. Observe your surroundings before approaching the ATM. Look for an ATM that is well lit and that is free from obstructions. And of course, don’t approach an ATM if you notice suspicious activity in the area.
  2. Be prepared before you reach the ATM. Have your card out and ready, know your PIN and know what you need to do so that you may conduct your business as quickly as possible. The less time you linger, the less time a robber has to target you.
  3. Use your hand to shield the keyboard and screen so that someone waiting in line cannot see you enter your transaction amount or PIN.
  4. Leave quickly, putting away your receipt, card and cash. Wait until you are in a safe place to count your cash.
  5. If using a walk-up ATM, never leave your car unlocked or the engine running when you get out. If it’s night, be sure to park in a well-lit area, preferably close to the ATM. If possible, take someone with you.
  6. If using a drive-up ATM, keep all doors locked and windows rolled up. And again, leave the area as soon as your transaction is complete.

We all think that crime won’t happen to us but, sadly, it can happen to anyone at any time. We urge you to use caution and common sense in your daily life, especially where money is involved.

Vroom, Vroom! Rev Up Your Wallet With Extra Cash!

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Lots of people are taking advantage of our current checking account promotion. Have you heard about our Rev Up Your Summer Road Trip special?

Now through the end of this month we are offering a $150 bonus for anyone who opens a Checking My Way account online and who signs up for direct deposit.

This account is popular among our customers for its flexibility and options. With Checking My Way, you are not required to maintain a minimum balance and there are no fees if you take electronic statements. If you prefer to have a paper statement mailed to you each month, the cost is $3 per month without check images and $5 per month with check images.

In addition, we provide all VCNB customers with free Online Banking, Bill Pay and Mobile Banking, giving you access to your accounts 24-hours a day. With Mobile Deposit, you can deposit a check by taking a picture of it with your mobile phone.

Through our Rev Up Your Summer Road Trip special, if you open a Checking My Way Account online you will receive $100. Sign up for direct deposit and receive an additional $50.

Some limitations apply and a one hundred dollar deposit is required at account opening. To learn more, see the rules pictured below or click here to get started.