We are so excited and humbled to be the winner of two fantastic Best of the Red Rock Area awards! Thank you to our customers and community members, we sincerely appreciate your confidence and trust in us and will continue to work for your financial success!
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Posted: 1/28/2021
January 28 is Data Privacy Day! This day is an international effort to provide online privacy education and increase date protection awareness. What can you do to make protecting your data?
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Posted: 1/21/2021
Congratulations to David Hoke on 20 years of service! David has been in Marketing for his entire tenure and is well connected with the Knoxville community. If you bank at our Knoxville location, you've probably seen David's smiling face around the bank lending a helping hand wherever & whenever needed. Congratulations David, and thank you for all you do!
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Posted: 1/20/2021
We are excited to welcome Stephanie Ramsey to the Marion County Bank team! Steph comes to us as a teller with previous banking experience. She will be located primarily in our Knoxville locations and is very excited to be working at Marion County Bank. When she isn't working, Steph enjoys hanging out with friends and family, coaching soccer, crafting, and watching Disney movies. She lives in Knoxville with her husband and two dogs! Please help us in welcoming Steph to our Marion County Bank family!
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Posted: 1/14/2021
Please help us in congratulating Dianne Danner on her 15 years of serice with Marion County Bank. You make recognize Dianne as part of our Real Estate Lending Team in Knoxville. From her start as a loan processer to now being a Real Estate Loan Originator, she's been very helpful in serving our customers during her career. Be sure to congratulate Dianne the next time you are in our Knoxville office. Thank you Dianne for all you do!
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Posted: 1/13/2021
Please help us in congratulating Kathy Turner on 5 years of service at Marion County Bank. You may recognize Kathy as one of our helpful Customer Service Representatives, or from her previous tenure as a Teller. Be sure to congratulate Kathy next time you’re in our Pella office. Thank you for all that you do, Kathy!
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Posted: 12/31/2020
On December 29, 2020 the IRS began delivering a second round of Economic Impact Payments (EIP) as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 to the same Americans who received the first payment earlier this year.
The initial direct deposit payments may begin arriving as early as tonight for some and will continue into next week. Paper checks will begin to be mailed Wednesday, December 30.
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Posted: 12/24/2020
Merry Christmas and a Happy New Year from the staff at Marion County Bank! Please take note of our hours and cut off times for your banking needs. As always, our ATMs and priviledged status network is always available for cash and our convenient mobile banking app and internet banking are available to assist with your banking even when our lobby is closed!
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Posted: 12/21/2020
Please help us in welcoming Payson Vande Lune to the Marion County Bank lending team. Payson joins us with previous experience as a Materials Coordinator at John Deere in Waterloo, IA and now lives in Altoona with his wife, Taylor. Outside of work, he enjoys basketball, golf and history. Payson is located in our Pella office, so be sure to welcome him and say hello next time you stop in!
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Posted: 12/9/2020
Congratulations to Kayla Pothoven on 5 years of service at Marion County Bank. Kayla is one of our Tellers in Pella at both the Windmill drive up and the main bank, though you may also see her at our Knoxville locations from time to time. Kayla always has a smile on her face (even behind her mask) and can brighten anyone's day! Be sure to wish Kayla congratulations next time you see her! We're so happy to have you as part of the Marion county Bank Family, Kayla!
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Posted: 11/30/2020
It's the season of giving! At Marion County Bank, we love to support local and are excited to announce our 12 Days of Local Giveaways are back!! Visit our Facebook page or Instagram page each weekday starting December 1 to see what we're giving away and how to enter.
Official Contest Rules:
Entries will be accepted until midnight of the following business day. Winner will be announced and notified by noon the third business day. Must be 18 years or older to enter. One entry per person. Chances of winning are dependent on the number of entries. Need not be a bank customer to win. Prize must be picked up from Marion County Bank at 800 Main Street in Pella or 222 E Robinson Street in Knoxville by Saturday, January 2, 2021. Giveaways are in no way sponsored, endorsed, administered, or associated with Facebook or Instagram. Employees and spouses not eligible to win but are able to participate.
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Posted: 11/4/2020
Please help us in welcoming Trey Sathoff to the Marion County Bank lending team. Trey comes to us with previous experience as a Sales Agronomist in the Knoxville and Marion County area. Trey grew up in Packwood, IA and currently lives in Knoxville with his fiancé, Lacie and their two yellow labs, Trigger & Trixie. In his spare time, you’ll find Trey hunting, fishing, playing cards and watching sports. Be sure to stop in our Pella office and say hello and welcome to Trey!
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Posted: 10/28/2020
Please join us in welcoming Amy Fouch to the Main Street Advisory Group team. Amy and her husband Matt recently moved to Pella from Tipton, IA and have two young children, Grayson and Adalyn.
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Posted: 10/16/2020
Please help us welcome Robert Poppe to our Marion County Bank team. Robert comes to us from Amery, WI with over 8 years of banking and Ag lending experience and will be in our Knoxville office as an Agricultural Loan Officer. Robert lives in Knoxville and when he is not in the office, he enjoys spending time with family, riding motorcycle and golfing. Stop by our Knoxville office and say hello and welcome Robert to our team!
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Posted: 10/7/2020
We are excited to announce that The Report Card Rewards Program has allowed Marion County Bank to donate over $200,000 to local schools!
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Posted: 9/18/2020
Today, September 21, 2020, marks 85 years for Marion County Bank! Stop in and join the celebration today at any of our locations or drive ups and receive a sweet treat as our way of saying thank you for being our customers, we couldn't do it without you!
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Posted: 9/4/2020
Congratulations to Brian on graduating from Leadership Red Rock! Leadership Red Rock is a 6 month training program for leadership development focused around growth and forward thinking within Marion County. We are excited to have another graduate of the program in the Marion County Bank Family. For more information on Leadership Red Rock visit the Marion County Development Commission website through the link below.
Marion County Development Commission
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Posted: 8/27/2020
Congratulations to Amber Angove on 5 years of service! Amber worked at Iowa State Savings Bank and now Marion County Bank. Amber is one of our Customer Service Representatives and is always a helpful smile when our customers come in to open accounts or need help with anything. We are happy to have Amber in the Marion County Bank family and appreciate the wonderful job she does. If you're in our Knoxville office, be sure to tell her congratulations. Congratulations, Amber!
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Posted: 8/27/2020
Congratulations to Chris DeMoss on 25 years of service! Chris has spent her tenure working for Iowa State Savings Bank and now Marion County Bank. She is a Customer Service Representative who help open and manage our customers' accounts. We are happy to have Chris in the Marion County Bank family and are thankful for the wonderful job she does. If you're in our Knoxville office, be sure to tell her congratulations. Thank you for all that you do, we appreciate your service and smile!
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Posted: 8/26/2020
For up to date information provided by Marion County Bank to all Paycheck Protection Program Loan recipients, please follow the link below.
PPP Loan Information Page
For any additional information or questions, please contact your Marion County Bank Loan Officer.
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Posted: 8/19/2020
It's back to school time for many area schools. To celebrate these new beginnings we are holding a photo contest on our Facebook and Instagram social media pages. Visit your favorite social site to enter for your chance to win. Good luck and we wish you all the best this school year!
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Posted: 7/22/2020
Congratulations, Janet Overbergen on 5 years of service to Marion County Bank! She serves as a teller, primarily at our Windmill Bank location and is known for her sweet smile and the servant-hearted way she serves our customers.
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Posted: 7/16/2020
Due to COVID-19, there has been less coin coming into banks from businesses and less coin being made by the US Mint. As a result, banks are experiencing a coin circulations slowdown. To help us manage this slowdown, we are offering a free treat to anyone who brings in $25 or more in unrolled coin to be exchanged for bills or deposited into an account.
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Posted: 6/26/2020
Recently, two pieces of legislation were signed into law that may have an impact on your personal, business and/or retirement financial planning. Please see the highlights of each act below.
SECURE ACT HIGHLIGHTS
The Secure Act was signed into law on December 20, 2019 and includes reforms that will be impactful and beneficial for Americans who are saving for retirement. The legislation includes policy changes to defined contribution plans (such as 401(k)s), defined benefit pension plans, individual retirement accounts (IRAs), and 529 college savings accounts. Most provisions in the law went into effect on January 1, 2020.
As it relates to your retirement planning situation, here are some key provisions of the Secure Act:
Required minimum distributions: RMDs now begin at age 72 for individuals who turn 70½ in the calendar year 2020. If you turned age 70½ in 2019 and have already begun taking your RMDs, you should generally continue to take your RMDs. If you are turning 70½ in 2020 and had planned on taking an RMD, you may want to work with your tax advisor to determine next steps for your withdrawal plans.
IRA contribution age: Under the act, you can continue to contribute to your traditional IRA past age 70½ as long as you are still working. That means the rules for traditional IRAs will align more closely with 401(k) plans and Roth IRAs.
Beneficiary IRA distributions: If you inherit an IRA or 401(k), previously you could stretch the distributions from the inherited qualified plan over your single life expectancy. However, the Secure Act has changed this to require many beneficiaries to withdraw assets from an inherited IRA or 401(k) plan within 10 years following the death of the account holder.
Qualified distributions: The law now permits a retirement account holder the option to withdraw a "qualified birth or adoption distribution" up to $5,000 from their defined contribution plan (401(k) or IRA). The normal 10% early withdrawal penalty is not applicable to these types of withdrawals and you can choose to repay them as a rollover contribution into an applicable defined qualified plan.
We encourage you to work with your financial investment advisor or tax advisor to determine how the legislation and policy changes could impact your retirement planning objectives.
CARES ACT HIGHLIGHTS
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020 and has key provisions which are intended to have a positive impact for Americans. The $2+ trillion emergency fiscal stimulus package is intended to mitigate some of the economic effects of dealing with COVID-19.
As it relates to your personal financial situation, here are some key impactful provisions of the CARES Act:
Direct payments: Americans who pay taxes will receive a one-time direct deposit of up to $1,200, and married couples will receive $2,400, plus an additional $500 per child. The payments will be available for incomes up to $75,000 for individuals and $150,000 for married couples.
Use of retirement funds: The bill waives the 10% early withdrawal penalty for distributions up to $100,000 for coronavirus-related purposes, retroactive to January 1, 2020. Withdrawals are still taxed, but taxes are spread over three years, or the taxpayer has the three-year period to roll it back over.
401(k) Loans: The loan limit is increased from $50,000 to $100,000
RMDs suspended: Required Minimum Distributions from IRAs and 401(k) plans (at age 72) are suspended. Investors who have already taken an RMD for 2020 have options that may include returning the amount or rolling it over, up to August 31, 2020, as long as the distribution was not made from a beneficiary IRA.
Charity. There is a new provision that provides an above-the-line deduction for charitable contributions, plus, the limits on charitable contributions are changed.
Expanded unemployment benefits: Unlimited funding to provide workers laid off due to COVID-19 an additional $600 a week, in addition to state benefits for up to four months. This includes relief for self-employed individuals, furloughed employees and gig economy workers who have lost work during the pandemic.
Small business relief: $350 billion is being dedicated to preventing layoffs and business closures while workers have to stay home during the outbreak. Companies with 500 employees or fewer that maintain their payroll during coronavirus can receive up to 8 weeks of cash-flow assistance. If employers maintain payroll, the portion of the loans used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven.
Coronavirus testing: All testing and potential vaccines for COVID-19 will be covered at no cost to patients.
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Posted: 6/22/2020
Golden Harvest and Bank Club members - your summer fun awaits! Visit any of our locations to pick up your travel benefit packets including: Explore Iowa coupons and travel, theme park and movie discounts.
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Posted: 6/15/2020
Effective April 24, 2020, Regulation D was amended by the Federal Reserve Bank to remove the limitation of six transactions per month in Savings accounts or Money Market accounts. With this change, Marion County Bank customers are now enabled to make an unlimited number of transfers and withdrawals from Statement Savings accounts and Money Market accounts per monthly
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Posted: 6/5/2020
When it comes to preventing phone scams and avoiding fraud you can never be too careful. Check out the article below from the Federal Trade Commission on phone scams and how to avoid them. Please remember that Marion County Bank will never call you and ask for your card information or
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Posted: 6/4/2020
Please help us welcome Lisa Boyd to our Marion County Bank team! Lisa joins us with 18+ years of banking experience and is part of our Loan Administration team. She currently lives in Otley with her husband, Wes and their two children, Bryce and Brooklyn. In their spare time they enjoy camping, hiking, being outdoors and spending time with family and friends. Welcome, Lisa!
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Posted: 5/27/2020
Recently, a third round of payments went out to those who have yet to receive a stimulus payment as a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). These payments were mailed out in the form of Economic Impact Payment debit cards (EIP Card) with the recipent's name on the card. The card will arrive in a plain envelope from "Money Network Cardholder Services".
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Posted: 5/26/2020
Please help us welcome Chelsea to our team! Chelsea joins us as a teller at our Pella locations and lives in Pella with her husband, Scott. They have 5 children, Alexis, Kaleb, Treyton, Jaydon and Logan. When Chelsea isn’t working she enjoys spending time with her family and playing games. Her family loves to camp in the summer and spending time together. Say hello and welcome to Chelsea next time you're in our Pella bank.
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Posted: 5/13/2020
As of May 19, 2020, Casey’s General Stores in Pella will be replacing their current ATM machines. At that time, the new machines will no longer be part of the Marion County Bank network.
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Posted: 5/6/2020
Marion County Bank believes that the key to success is great people. We strive for the highest of customer service and it's noticed! Marion County Bank received the awards Best Bank in the Red Rock Area, Best Place to Work in the Red Rock Area (under 50 employyes) and Best Business
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Posted: 5/6/2020
Congratulations to Karin Sparks on 20 years of service! Karin is our Head Teller in our Knoxville office. She began working for Iowa State Savings Bank in 2000 and has been serving customers with a warm smile ever since. We're glad to have you on our team, Karin. Congratulations!
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Posted: 5/4/2020
Beginning May 5, Shazam Bolt$ is being renamed to Shazam Brella.
Ios (Iphone) users will automatically receive the new app when it is released. Android users will need to manually download the new Brella app by visiting the Google Play Store and searching “Brella Card Manager.” All Bolt$ usernames, passwords, registered cards and app functions will carry over and work the same.
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Posted: 4/6/2020
The United States Small Business Association (SBA) recently published their guidelines for the administration of the CARES Act Paycheck Protection Program (PPP). We are reaching out to give you our understanding of the SBA's guidelines as they relate to the information you need to provide to Marion County Bank in order for us to submit your application to the SBA.
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Posted: 3/27/2020
To our communities and our customers,
We are all in this together. There is not a single person who has not been affected by what has happened in the world over the past few months and especially the last few weeks.
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Posted: 3/19/2020
COVID-19 Communication Update – 3/19/2020
Marion County Bank values the health and wellness of our customers and employees very highly. We are committed to providing our customers with reliable service throughout the outbreak of the current coronavirus, COVID-19, while remaining conscious of everyone’s health and safety.
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Posted: 3/17/2020
COVID-19 Communication – 3/17/2020
Here at Marion County Bank we value the health and wellness of our customers and employees very highly. We are committed to providing our customers with reliable service throughout the outbreak of the current coronavirus, COVID-19, while remaining conscious of everyone’s health and safety.
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Posted: 3/12/2020
Are you traveling over Spring Break? Do you have a Marion County Bank debit card? Don't forget to let us know so we can help keep your debit card safe from fraudulent activity. Simply complete the Debit Card Travel Form and get ready to enjoy your trip!
If you have a Marion County Bank credit card, please call the number on the back of the card to notify us of your travel plans.
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Posted: 3/12/2020
Please help us welcome Stacie Van Wyk to our team! Stacie is joining our team as a Customer Service Representative and comes to us with several years of customer service experience. Stacie lives in Pella with her husband, Jason, and their youngest daughter, Olivia. Their two older children, Tyler and Nicole, are married and living in the Pella and Iowa City areas. When Stacie isn't working she enjoys traveling, spending time with her family and catching some Cubs baseball games. Please stop by and give Stacie a warm welcome the next time you are in our Pella location!
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Posted: 2/26/2020
We would like to welcome Jacki Newendorp to our Marion County Bank Team! Jacki is on our marketing team and comes to us with over 5 years of previous sales and marketing experience at Pella Corporation. Jacki lives in Pella with her husband, Brett. In her spare time you might see her walking their dog, Bandit, or catch her at a local coffee shop connecting with family and friends. Be sure to say hi if you see her the next time you are in the bank!
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Posted: 2/21/2020
If you've been to our Pella office recently, you may have noticed a new face at our loan administration desk. Holli Kelderman comes to us with previous administrative and financial experience. Holli lives in Pella with her husband Randy and their two boys. In her spare time she can be found attending her boys' sporting events, cheering for the Hawkeyes or curled up reading a good book. Please help us welcome Holli to the team!
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Posted: 2/19/2020
We are celebrating David Greving for his 20 years of service to Marion County Bank. David came to Marion County Bank with previous Ag Lending experience and has continued to serve our Ag customers well. His commitment to community banking is evident through the relationships he builds with his customers and his involvement in the community. Congrats David!
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Posted: 2/10/2020
Marion County Bank believes that the key to success is great people. We strive for the highest of customer service and it's noticed! Marion County Bank received the awards Best Bank in the Red Rock Area, Best Place to Work in the Red Rock Area (under 50 employyes) and Best Business Supporter of the Community (under 50 employees). We are currently looking to hire individuals to be a part of our winning team!
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Posted: 2/10/2020
Congratulations to Mary Van Haaften on her retirement after almost 23 years of service to Marion County Bank. Mary joined the team on June 1, 1997 and has spent her tenure as a Teller for Marion County Bank. We will certainly miss her excellent customer service and warm smile she greeted all of our customers with. Congratulations Mary, you will be missed!
