Sturgis Bank Blog

The economic changes due to COVID-19 happened quickly and affected almost every area of life, including Individual Retirement Accounts (IRAs). The Sturgis Bank team gathered the latest news that may affect current IRA account holders and people examining retirement savings options.

The Paycheck Protection Program (PPP) that provided relief to small businesses affected by COVID-19 has undergone recent changes to help borrowers with loan forgiveness. Here are notable highlights and action steps you can take if your company participated in the PPP.

As residents of Michigan, we like to be the best, the favorite tourist destination for lake lovers, or the place where college sports are most exciting.

As Michigan reopens, and the effects of COVID-19 on our culture continue to evolve, we’re all adjusting to new ways of interacting. Everyday activities like going out to eat, exercising at the gym, or visiting your hometown bank require different behaviors. Masks, social distancing, and limited capacity are now standard.

The average American earning $50,000 spends more than $5,000 annually on health care. Roughly 15% of that cost, around $800, is for out-of-pocket fees such as deductibles, copays, and any expense not covered by the insurance plan.