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Financial Tips for Blended Families
Combining finances can be complicated for any couple, but the challenges become more complex the second time around, especially when children are involved. Here are some ideas to consider if you are already part of a blended family or looking forward to combining households sometime soon. Be Clear and Comprehensive It’s important to reveal all assets, income, and debts, and […]
1st Summit Bank Ken Lantzy All-Star Classic
1st Summit Bank is proud to announce an exciting new partnership with the Ken Lantzy All-Star Classic. This ten-year commitment from 1st Summit Bank will result in the annual game to be renamed the “1st Summit Bank Ken Lantzy All-Star Classic.” 1st Summit Bank’s financial commitment to the program will provide vital funding for the academic and performance scholarships that […]
Community Bank Strong
Given the news regarding the recent bank failures in California and New York, I suspect many of you have some concerns and are asking questions about what is happening. According to media sources, these two banks were large financial institutions who had engaged in high-risk business segments and encountered fundamental funding challenges that they were not able to manage through, forcing […]
Double Up with a Spousal IRA
If you and your spouse are looking for a way to build your retirement savings but one of you is not working, you might consider funding a spousal IRA. This could be the same IRA that the spouse contributed to while working or it could be a new account. In either case, IRS rules allow a married couple to fund […]
CEO and CFO Named to Top 100 People List
1ST SUMMIT BANK is proud to announce that Eric Renner, CEO & President, and Carol Myers, Chief Financial Officer, have been named to the Pennsylvania Business Central Top 100 People of 2023 list. The Top 100 People list is comprised of business leaders in Central Pennsylvania whose unique contributions to the region have set them apart from the rest of […]