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Financial lessons from the COVID-19 pandemic

The COVID-19 pandemic changed the way we think about personal finance. From everyday spending to saving for retirement, our relationship with money looks very different from how it was at the beginning of 2020. The world may be reopening, but there are some smart financial habits from the pandemic to carry into 2021 and beyond.

Westfield Bank News

4 Tips to Authentic Networking

Whether you hope to expand your professional or personal network,
being genuine and authentic is essential. These five steps will help
guide you as you meet new people, digitally or in-person.

Westfield Bank News

What's your insurance agency worth?

Understanding the value of your insurance agency is vital when planning for succession. Whether you are considering perpetuating internally or selling to a third party, , you should understand the value of your agency to help you make the best decision.

Westfield Bank News

Creating a budget: where to start

On a budget: Finding ways to streamline spending, saving, & giving.

Business Security

Beware of New Scams Circulating

Two new scams involving Amazon and Apple are currently circulating. Following are details regarding these new scams and how to avoid falling victim to them and prevent fraudulent activity to your accounts.

Westfield Bank News

How do I increase my credit score? Six tips to raise your credit

While a good credit score can make it easier to qualify for loans or credit cards – ultimately saving you money – bad credit can limit your opportunities. This is why it’s important to maintain a good credit score and follow tips to increase your credit score when possible.

Westfield Bank News

How to consolidate your business's debt

Whether you’ve just launched your new business, are a few years into the journey, or have a well-established and mature business, cash flow isn’t always a constant. As a business owner, you’re familiar with the unexpected costs that arise within your company.

Westfield Bank News

Are digital wallets safe?

Over the last year, digital banking solutions continued to rise in popularity among consumers. These services are designed to move with you, allowing you to bank directly from your home, office, or on-the-go. The power to check your account balances and transactions in real-time, pay bills instantly, transfer funds, and update account information from anywhere are just the beginning of the benefits available to you.

Westfield Bank News

Premium financing: Cover the costs of your clients' commercial insurance premiums

Like many insurance agencies, you have clients that may require greater flexibility when it comes to paying their commercial insurance premiums. Premium financing is an attractive option for insureds and your agency, providing greater cash flow control and liquidity to both parties.

Westfield Bank News

How to teach your children to spend, save, and share

As a parent, you’re always looking for new opportunities to teach your children lasting, life-long lessons. A proud moment in every parent’s life is teaching your children about financial responsibility. Whether you’ve started giving your children an allowance or they’ve earned some extra money from helping with chores in your neighborhood, it’s never too early or too late to start teaching them valuable financial lessons.

Westfield Bank News

Leveraging Equipment Loans

The last year has been one of economic uncertainty – and no matter how your profit and loss (P&L) spreadsheet is looking, there is always room for smarter strategies to increase the viability of your business.

Westfield Bank News

Banking inspired by insurance heritage

At Westfield Bank, we are true experts in insurance agency financing – and we should be. As an affiliate of Westfield Insurance, founded over 170 years ago, our solutions have reflected the unique needs of agencies from day one. We know and understand your business, from top to bottom.

Westfield Bank News

Tips for first-time home buyers

While buying your first home is among life’s most exciting moments, it can also be overwhelming. Whether you choose city living or that perfect country retreat, having the right guidance through the process can mean avoiding key financial missteps and, instead, taking advantage of competitive financing options.

Westfield Bank News

Commercial construction loans: Building your business from the ground up

Your business is growing, and with it, your facility needs. Maybe your production space or staff is expanding beyond your current building’s capacity. Or perhaps your rented space is no longer suited for your future goals.

Westfield Bank News

How to budget after graduation

Whether you’ve recently completed an associate, undergraduate, master’s, or doctoral degree, it’s time to take on new challenges and discover the path before you. To make this transition successfully, it’s important to create a monthly budget, which can empower your own financial freedom as you explore and begin your professional career.

Westfield Bank News

3 tips for a successful acquisition

Growing your agency through an acquisition can be an exciting time. It can also present some challenges.

Westfield Bank News

Build on your investment with a HELOC

Is it time to remodel your home, pay for college, or even purchase a new car? A home equity line of credit (HELOC) can help you take life’s next step with flexible access to the funds you need.

Westfield Bank News

How can you get most value from your bank

As a business owner, you should expect more from a relationship with your banking partner. On the surface, this means finding a bank that looks out for your financial interests so you can focus on your operations

Westfield Bank News

How to budget for a summer road trip

During these challenging times, summer vacations may look a little different. Why not try a safer alternative, like a summer road trip?

Case Study

Your partner throughout prosperity and uncertainty

As the coronavirus pandemic developed in 2020, many small businesses across the country were impacted negatively, suffering loses that resulted in furloughs, layoffs, and closures.

Case Study

Partnering with expertise: A smooth acquisition

In 2016, United Group Alliance, an alliance of local independent partners taking advantage of significant income opportunities and market stability, wanted to make a strategic business acquisition that would add value to their current offerings and expand its entities.

Case Study

Refinancing for the future

As insurance agencies decide to utilize mergers and acquisitions to consolidate companies or assets, stimulate growth, gain competitive advantages, and increase market share, they typically take on loans for working capital.

Case Study

Restructuring for the future

Currently, about 41 percent of U.S. companies are owned by baby boomers who are looking to retire in the coming years and it’s expected that in the next two decades, seven out of ten businesses will transfer ownership. In the insurance industry, mergers are an ongoing process for agencies, requiring a steady foundation to act on opportunity.

Case Study

Understanding your vision

Nearly a decade ago, Curt Kassigkeit incepted BrightCovers, a Northeast Ohio company that specializes in the design, manufacturing, and installation of porch roofs, canopies, patio and deck covers, and custom canopies for residential and commercial applications.

Case Study

Experience a bank that advocates for you

Nivine turned to Westfield Bank when it was time to refinance her home loan for a Private Banking experience that supported her unique needs with exclusive services and personalized financial guidance.

Westfield Bank News

Financing for your agency's future

Throughout your agency’s journey, there may be times where you need to obtain a loan, increase your book of business, purchase a new agency, or set up perpetuation planning. When that time comes, having the right plan to achieve new milestones and a financing partner with industry expertise can help promote your agency’s growth and success.

Westfield Bank News

How can you increase your tax return?

Tax season is upon us. It’s the time where individuals and businesses prepare and file their annual income taxes. Claiming tax deductions can help ensure that more money stays in your wallet, lowering your owed taxes and even increasing your tax return.

Westfield Bank News

What is an IRA?

It’s never too early or too late to begin planning for retirement. With the right financial guidance, you can achieve your long-term savings goal.

Westfield Bank News

How Can You Protect Your Company From Wire Fraud

Wire transfers empower your business to send funds globally in real-time between financial institutions. However, as the use of wire transfers has grown in popularity, so has wire fraud.

Westfield Bank News

Advancing your legacy

Networking is not only key for personal growth, but important for your agency’s development. It’s an investment in people, which cannot be reflected in balance sheets, but it is often one of the most valuable assets for a growing agency and one that can be significantly improved by your bank.

Westfield Bank News

10 tips to empower safer online banking

Digital banking solutions mean the freedom to experience faster service and access to your accounts wherever and whenever you want. During these times, these solutions are becoming even more critical for day-to-day financial management.

An asset to your agency

Westfield Bank News

Charitable giving in 3 easy steps

As we embark on the new year, creating a donation plan can serve as a great way to give back to your community. Additionally, as we enter tax season, there are financial benefits to charitable giving that you should be aware of.

Westfield Bank News

What you should know before you go to the dealership

Having the right banking partnership in place can provide significant advantages and empower your next car purchase.

Disaster recovery: Your roadmap to business continuity amidst crisis

2020 has been filled with unforeseen events and circumstances. If we’ve learned anything, we know that strategic and adaptable planning is the key to overcoming adversities of all sizes.

Westfield Bank News

Succession planning: Preparing your agency for the journey ahead

Currently, over forty percent of U.S. businesses are Baby-Boomer owned companies who are looking to retire in the coming years. As such, it’s expected that in the next two decades, seven out of ten businesses will transfer ownership.

Westfield Bank News

5 mobile and online banking solutions to bank whenever and wherever you want

Online and mobile banking means the freedom to experience faster service. Discover five ways we empower you with the ability to securely manage your money 24 hours a day, seven days a week, from your internet-connected device or phone.

Westfield Bank News

2021 Economic outlook: The path forward

What’s in store for the economy in 2021? We interviewed our founder, chairman, and CEO, Jon Park, with Brian Toma CFP®, AIF®, at Freeman Heyne Toma Financial Advisors, to find out what key indicators businesses should expect from the economy in the coming year.

Financial Education

Succession Planning: Preparing Your Business For The Journey Ahead

Forging your company’s path forward and ensuring your company’s future is secure begins with successful succession planning.

Business Security

Benefits of CDARS/ICS During an Economic Crisis

Learn about these products and why investing in them may be a good choice for businesses with large deposit balances.

Westfield Bank News

Three Named to Westfield Bank Board of Directors

Westfield Bank announces the addition of three new members to its Board of Directors.

Business Security

Fraud Prevention

Reduce the risk of becoming a fraud victim by implementing these prevention and detection tips.

Business Security

Positive Pay

Decrease the threat of check fraud and simplify account reconciliation with this helpful service.

Personal Security

Credit Reporting Disputes

Dispute inaccurate or incorrect information found on your credit report.

Personal and Business Security

Security and Account Alerts

Enjoy added protection and greater peace of mind by using account alerts.

Personal and Business Security

Debit Card Protection

Defend your debit cards against fraudulent activity by applying these simple, practical tips.

Personal and Business Security

EMV Cards

Gain a better understanding about how these cards protect you from security threats, and see how to use them.

Personal and Business Security

Security Resources

Use these educational tools to learn how to recover from a fraud attack, protect your personal identity, and more.

Westfield Bank News

Think before you help

Because of technology, companies have fewer face-to-face interactions with clients. When those opportunities arise, companies must make the most out of them.

Westfield Bank News

Partner for Success

What are the keys to business longevity? Our Executive Vice President and COO Matt Berthold offers his take.

Westfield Bank News

Matt Berthold promoted to Chief Operating Officer

Congratulations to Matt Berthold, who was recently promoted to Westfield Bank's Chief Operating Officer.

Westfield Bank News

Mike Toth promoted to President

Westfield Bank is pleased to announce the promotion of Mike Toth to Westfield Bank President.

Westfield Bank News

Expect more from business banking

Learn more about our Business Banking team and what makes Westfield Bank different.

Westfield Bank News

Living, breathing ideals

Culture affects everything in a business - from recruitment and retention, to who does business with you. Our CEO Jon Park explains.

Westfield Bank News

Push Notifications

The My Westfield Bank app allows you to activate alerts to push your mobile device.

Westfield Bank News

Broad connections

Read our perspective on growth opportunities for area manufacturers.

Westfield Bank News

Westfield Bank names Scott Oboy as Chief Financial Officer

Westfield Bank announces the hiring of Scott Oboy to the position of Chief Financial Officer.

Westfield Bank News

Fingerprint Authentication: Log in faster and easier

With Fingerprint Authentication, logging into your My Westfield Bank app has never been easier.

Westfield Bank News

Setting the standard

A well-rounded client experience is crucial for a business to succeed. Click to learn more from Westfield Bank's Chief Experience Officer Mike Toth.

Westfield Bank News

A balanced approach

Click to read how your bank can help protect your financial future

Westfield Bank News

Find the right tools

Treasury management services are meant to help a business operate more efficiently. Click to find what works best for you.

Westfield Bank News

Never stop learning

Feeling entrepreneurial makes employees feel more engaged. Take the time to help you people learn about your business.

Westfield Bank News

Growth strategies

Don’t spend time, effort and money on opportunities that aren’t going to be profitable.

Westfield Bank News

Assess your future

When you become concerned about the relationship between your business and your bank, the worst thing you can do is ignore it. Click to access some helpful tips.

Westfield Bank News

Westfield Bank is here for you

Click to learn more about our extended hours.

Westfield Bank News

Focus on the experience

Technology can be daunting for some customers, so you need your employees to be informed. Learn how to empower your team and earn customer loyalty.

Westfield Bank News

Common Cents Summer 2016!

Click to read our Summer 2016 edition of Common Cents, Westfield Bank's seasonal customer newsletter.

Westfield Bank News

Change with care

Even in the 21st century, there is fear of automation. Be strategic about the steps you take and alleviate the fear.

Westfield Bank News

Seamless transition

When you take steps to engage your people about what they need to do their jobs, it has a carryover effect. This can make a big difference when relocating your business.

Westfield Bank News

Added security

Consumers have another tool in their arsenal to protect against fraud. Chip cards generate a unique, one-time code that is needed for each transaction to be approved. Learn more about how the new technology works.

Westfield Bank News

Ensure a smooth transition to automation

Even in the 21st century, there is fear of automation. Customers worry about losing the personal touch, employees worry about being replaced. Be strategic about the steps you take and alleviate the fear.

Westfield Bank News

What Makes Westfield Bank Different?

Explore the many reasons why Westfield Bank is ideal for small-to-medium sized companies and how we can support your business.

Westfield Bank News

Security under threat

Online banking has been widely adopted by businesses. While banks work hard to protect transactions, there are things businesses must do to keep those transactions totally safe.

Westfield Bank News

From 1 to 150

See how Westfield Bank grew from a double-wide trailer in a parking lot to a $1 billion institution.

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