Ascend Bank Newsroom

When the Federal Reserve, often called "the Fed," changes its rates, it can impact not just banks, but everyone who uses them - including regular people. However, how much these changes affect the interest rates you pay is not always a clear case of cause-and-effect. In this article we’ll help you understand how federal interest rate changes might influence consumer interest rates.

Manufacturing companies often face the challenging task of managing seasonal demand. Whether it’s snow gear facing a surge in winter or grilling equipment popular in summer, manufacturers must develop effective strategies for managing seasonal production needs to successfully meet these demands.

As the manufacturing sector confronts unique challenges in today’s economic climate, a strategic partnership could unlock unprecedented opportunities for growth and resilience. This article explores how the manufacturing industry can partner with community banks to drive mutual success, strengthen local economies, and navigate the complexities of the modern economic environment.

The holiday season is a magical time, filled with festive gatherings, gift-giving, and cherished moments. However, it can also be synonymous with overspending. As we get caught up in the spirit of giving and celebrating, it’s easy for expenses to spiral out of control. Fortunately, by utilizing debit cards as your primary form of payment, you can maintain financial discipline without sacrificing holiday cheer.

GSB, in keeping with its ethos of philanthropic community support, is officially donating its building at 44 Boston Street, Guilford, CT to The Guilford Foundation. For more than 20 years, GSB has provided this space to the Foundation, making it a natural and meaningful step to now formalize the donation.

Two Storied Connecticut Banks Announce Plans to Merge, Expanding Commitment to Community Banking Guilford, CT and Norwich, CT – November 26, 2024 – Guilford Savings Bank (“GSB”) and Eastern Connecticut Savings Bank today announced their intention to merge, combining two organizations with deep roots in the Connecticut communities they serve. This partnership, approved unanimously by […]

Cash is the lifeblood of any business, and effective cash management is essential for the financial health and success of small businesses. In short, cash management involves the monitoring, control, and optimization of a company’s cash flow to ensure that there is enough liquidity to cover operating expenses, meet financial obligations, and capitalize on growth […]

When it comes to running a successful business, securing the right commercial loan can make all the difference. Commercial loans are a vital resource for businesses looking to grow, expand, or simply navigate through tough times. However, understanding the world of commercial loans can be an overwhelming task, particularly when it comes to rates. Commercial […]