November 4, 2024
Despite the evolution of electronic banking and payment systems, check fraud remains a persistent and costly problem for business owners.
During a six-month period in 2023, FinCEN (Financial Crimes Enforcement Network, a division of the U.S. Treasury) received over 15,000 reports of mail theft-related check fraud totaling over $688 million1. Mitek, ...read more
November 4, 2024
When you change jobs, one of the key financial decisions you'll face is what to do with your 401(k) from your previous employer. You have four options: leave it where it is, roll it over into an Individual Retirement Account (IRA), cash it out, or roll over the assets into ...read more
November 1, 2024
Ready to start your holiday spending? Follow these five simple tips to stay on track with your expenses:
Start with a list. Make a list of the people you want to purchase a gift for. Then, make a second list of your other planned holiday expenses — gas, hotel stays, ...read more
November 1, 2024
First Mid is honored to recognize Eric Rahlfs, Financial Advisor with First Mid Wealth Management in Carmi, IL, as our Volunteer Spotlight for November 2024. Eric is committed to supporting local community organizations through volunteerism, consistently demonstrating our core values.
What causes are you passionate about supporting through volunteerism? Through my ...read more
October 31, 2024
You can make resolutions at any time of the year, but the start of a new year is an especially popular time. The promise of a fresh beginning inspires many to set goals that enhance their daily lives. Popular resolutions often focus on improving physical, emotional, and mental health, like ...read more
October 29, 2024
As a new year approaches, many of us reflect on the past year and set goals for the next. One of the most empowering resolutions you can make is to create and stick to a budget. A well-planned budget can help you achieve financial stability, reduce stress, and reach your ...read more
October 22, 2024
Planning for the eventual exit from a business is a critical yet often overlooked aspect of entrepreneurship. Whether you're considering retirement, passing the torch to a successor, or exploring new ventures, First Mid is committed to providing proactive guidance and expert support at every stage of your business transition. In ...read more
October 18, 2024
Taking proper precautions against winter conditions is an important step for homeowners to take. Not only will you be able to enjoy the season with your loved ones, you’ll also have the peace of mind knowing your home is protected from any disasters that winter may throw your way.
Here are ...read more
October 18, 2024
During the holiday season, many consumers choose the convenience of doing their shopping online rather than making a trip to brick and mortar retail stores. Although online shopping has its advantages, it can also pose a potential risk for including identity theft and other scams. Identity theft is when a ...read more
October 17, 2024
Managing a business in today’s environment isn’t easy and growing a business can be even more challenging. Having cash flow is important for all businesses! If you appreciate the value of receiving your cash at the time of service, rather than waiting on your customers to pay you, then Accounts ...read more