Our Blog
Why Hire a General Contractor to Build a Custom Home in Minnesota?
Building a custom home in Minnesota is a massive undertaking, and offers the opportunity to create a living space perfectly tailored to your needs and desires. While the charm of such deep customization is substantial, the complexity of construction, from design to...
Check Fraud Is On The Rise: Protect Your Finances and Your Peace of Mind
Sherburne State Bank would like to address all our valued customers and the wider community regarding a significant and concerning nationwide surge in check fraud incidents. Criminal elements have become increasingly sophisticated, actively employing various illicit...
What Makes a Bank a Community Bank in Minnesota?
Banks are categorized by the total assets on their balance sheets, with community banks typically having less than $10 billion in assets. In contrast, regional banks manage between $10 billion and $100 billion, and large banks exceed $100 billion. Community banks are...
What Are The Three Different Types of Land Loans?
Prospective land owners have access to three categories of loans when it comes to securing funding for a land purchase: raw land, unimproved land, and improved land. Understanding the very distinct differences among these loan options is crucial for informed...
The Importance of Banking Local with Sherburne State Bank
At Sherburne State Bank, we’re more than just your local bank—we’re part of your everyday life. Whether you're in Becker, Princeton, or Monticello, we live here, work here, and invest right here in the same communities we proudly serve. When you bank locally, you’re...
The Power of Financial Literacy: Building a Stronger Financial Future
Financial literacy is more than just understanding how money works—it's about making informed, confident decisions that set the stage for long-term financial wellness. At Sherburne State Bank, we believe that empowering our community with financial knowledge is one of...
Protecting Your Business from Fraud & Cybersecurity Threats
As businesses increasingly rely on digital transactions and online banking, the risk of fraud and cybersecurity threats continues to grow. At Sherburne State Bank in Becker, MN, we understand how important it is to keep your business safe from financial fraud, data...
Credit Scores: How Do They Impact How Much You Pay for Your Loan?
Credit scores have become a central topic in personal finance, though they are a relatively recent development. Introduced in 1989, the FICO score provides a standardized way to assess a borrower’s creditworthiness based on data from credit bureaus like Experian,...
The Importance of Business Liquidity
There are two types of assets: illiquid, and liquid. Illiquid assets have real value, although converting them into cash requires time and effort. Examples include real estate, land, vehicles, machinery, equipment, livestock, and so on. Liquid assets are cash, or...
15-Year vs. 30-Year mortgages: Pros and Cons
It's the most fundamental decision you have to make before committing to a home mortgage. Will you repay it over a term of 15 years – or 30? (Noting that other term lengths are available, albeit less popular.) It's not a decision one should take lightly. Fortunately,...