Machias Savings Bank

Have you heard about the Coverdell Education Savings Account?

A Coverdell ESA can not only be used for qualified higher education expenses, but also those of elementary and secondary education.

Consult your financial and/or tax advisor to determine if this is the best fit for your financial situation.

Learn more here:
http://spr.ly/6189WFuPl

Wondering when the investment in your business will turn a profit? 💰

Let our Break-Even Calculator do the work for you! Simply enter your information and the calculator breaks down how much you need to sell in total and per week to cover your costs to reach your break-even point.

Get started here ⬇️
http://spr.ly/6180WYnLy

If you're in a competitive industry, it can be hard to stand out from your competitors. When a customer has to choose between two similar businesses, how do they decide which one is the best?

One way is to be seen as a 'thought leader' with your own unique ideas or opinions about your industry and trends. Being an expert in your field adds value for the customer, showing that you put extra time and effort into your products and services.

Learn how to become a thought leader here ⬇️
http://spr.ly/6188WuRsK

It’s College Savings Month! 📚

Saving for continuing education can be intimidating, but there are several tips and tools to help make it attainable.

One tool is the 529 plan, a college savings account that offers a tax-advantaged way to invest money for qualified education expenses. Check out the article below to learn more about these accounts, and consult your financial and/or tax advisor on which college savings plan options are best for your financial situation.

Don't miss out on maximizing your college savings potential! Take the first step here ⬇️
http://spr.ly/6186WKPUI

The student loan on-ramp ends September 30th! 📚

The end of the on-ramp period means full consequences are back in place for late or incomplete payments on federal student loans. That’s why our friends at GreenPath have gathered several resources to help you confidently get back up to speed on your payments.

Learn practical budgeting tips and options for repayment here:
http://spr.ly/6185WE681

Are you tracking what really affects your business? 📈

A whole range of internal and external factors affects the performance of every small business, so the secret is to focus on a handful of key drivers that help you generate sales.

Sales or revenue is one indicator that is easy to monitor. But sales might not be the actual driver for your business. Learn about five other possible drivers that you could monitor for better insight into your business's health.

Find out here
http://spr.ly/6186m7gHk

Are you tracking what really affects your business? 📈

A whole range of internal and external factors affects the performance of every small business, so the secret is to focus on a handful of key drivers that help you generate sales.

Sales or revenue is one indicator that is easy to monitor. But sales might not be the actual driver for your business. Learn about five other possible drivers that you could monitor for better insight into your business's health.

Find out here
http://spr.ly/6182m7gHp

Our branch locations and Customer Service will be closed today, Monday, September 2nd, in observance of Labor Day.
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Even though we are closed, our online and mobile banking app and ATM services are available 24/7!

All branch locations and Customer Service will be closed on Monday, September 2nd, in observance of Labor Day.
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Even though we will be closed. our online and mobile banking app and ATM services are available 24/7!

📣 Announcing Quarter 2 President Award Winners 📣

Each quarter our President & CEO, Larry Barker, selects employees who have been recognized by coworkers for going above and beyond in exemplifying MSB’s culture standards. Join us in celebrating their accomplishments with a 👏 in the comments!

⭐ Kari Reynolds

⭐ Rainya Davis

⭐ Michelle MacFarline

Don’t miss your chance to help local students start the school year off right! The deadline for the School Supply Drive is fast approaching. You can drop off items at all branch locations until August 30th.
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Please consider donating the items below:
✅ #2 Pencils
✅ Clorox Wipes
✅ Colored Pencils
✅ Crayons
✅ Erasers
✅ Notebooks
✅ Scissors
✅ Tissues
✅ Washable Markers
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Help us make a difference one child at a time!

⚠️ Text Scam Alert ⚠️
Scammers are targeting Maine bank customers! They’re sending text messages stating that your accounts have been put on hold due to suspicious activity. The text also provides a link prompting you to log on to online banking from a fraudulent website disguised as your bank.

If you receive a text similar to this, do not click the link, and please report it to your bank. Never access online banking using a link from a text, unexpected email, or unofficial social media post.

It’s a Red Flag if:
🚩 Contact is unexpected
🚩 You are asked to download a file or click on a link
🚩 You are asked to provide online banking credentials or Secure Access Code
🚩 You are asked to fill out a form via email or text
🚩 There are misspelled words in an email or text

When in doubt, contact Customer Support by phone or chat:
1-866-416-9302
http://spr.ly/6186mRzwG
Mon-Fri: 7am-6pm
Sat: 8am-12pm

⚠️ Text Scam Alert ⚠️
Scammers are targeting Maine bank customers! They’re sending text messages stating that your accounts have been put on hold due to suspicious activity. The text also provides a link prompting you to log on to online banking from a fraudulent website disguised as your bank.

If you receive a text similar to this, do not click the link, and please report it to your bank. Never access online banking using a link from a text, unexpected email, or unofficial social media post.

It’s a Red Flag if:
🚩 Contact is unexpected
🚩 You are asked to download a file or click on a link
🚩 You are asked to provide online banking credentials or Secure Access Code
🚩 You are asked to fill out a form via email or text
🚩 There are misspelled words in an email or text

When in doubt, contact Customer Support by phone or chat:
1-866-416-9302
http://spr.ly/6187mRzwH
Mon-Fri: 7am-6pm
Sat: 8am-12pm

🎉 We Made the List 🎉

We're excited to announce that we have been named one of the Best Places to Work in Maine for the 17th year in a row!

Building and maintaining an award-winning company culture would not be possible without our incredibly talented employees. We thank each and every one of them for their hard work and dedication.

See the full list here 👇
http://spr.ly/6181l4BUc

🎉 We Made the List 🎉

We're excited to announce that we have been named one of the Best Places to Work in Maine for the 17th year in a row!

Building and maintaining an award-winning company culture would not be possible without our incredibly talented employees. We thank each and every one of them for their hard work and dedication.

See the full list here 👇
http://spr.ly/6182l4BUY

You've determined how much funding you'll need to start your business but don't know how you'll raise the capital.

Choosing the right source depends on what you intend to use the money for, how much you need, what the alternatives are and matching the source of the funds for the use.

To help navigate how to raise money for your business, here are six steps to finding sources of small business funding 👇
http://spr.ly/6180lxIeu

You've determined how much funding you'll need to start your business but don't know how you'll raise the capital.

Choosing the right source depends on what you intend to use the money for, how much you need, what the alternatives are and matching the source of the funds for the use.

To help navigate how to raise money for your business, here are six steps to finding sources of small business funding 👇
http://spr.ly/6188lxIeO

According to recent reports, the average energy bill for Americans in August can reach $200!

If you're looking for ways to lower your energy bill this summer, try GreenPath's 8 easy hacks to keep your home comfortable and on-budget.

Find them here: http://spr.ly/6180lqGli

According to recent reports, the average energy bill for Americans in August can reach $200!

If you're looking for ways to lower your energy bill this summer, try GreenPath's 8 easy hacks to keep your home comfortable and on-budget.

Find them here: http://spr.ly/6186lqGle

🍏 BACK TO SCHOOL SUPPLY DRIVE 🍏

There is still time to drop off school supply donations through August 30th!

All supplies will be donated to area schools to help equip local students and teachers for the school year.

Let's say "Yes!" to furthering local education. Together, we can move Maine forward!

Keeping your products or services competitive means identifying the biggest threats and comparing competitors' strengths and weaknesses with your business.

Unfortunately, this isn’t always simple. Thorough research can correct assumptions you may have about both competitors and the market, empowering you with new insights that can lead to more informed strategic decisions. But where do you start?

Read our article "The Value of Competitor Analysis" for ideas and resources you can use to evaluate your competition and gain more confidence making strategic business decisions.

http://spr.ly/6188lBmvq

Keeping your products or services competitive means identifying the biggest threats and comparing competitors' strengths and weaknesses with your business.

Unfortunately, this isn’t always simple. Thorough research can correct assumptions you may have about both competitors and the market, empowering you with new insights that can lead to more informed strategic decisions. But where do you start?

Read our article "The Value of Competitor Analysis" for ideas and resources you can use to evaluate your competition and gain more confidence making strategic business decisions.

http://spr.ly/6187lBmvU

Is the price right?

The prices you choose for your products can affect the amount you sell and the money you make. The way you set your prices also affects how customers see and respond to what you're selling.

Learn about seven major pricing strategies, gain an understanding of which fits your business best, and how to confidently communicate pricing to your customers in our article below

http://spr.ly/6184Ys6KY

Is the price right?

The prices you choose for your products can affect the amount you sell and the money you make. The way you set your prices also affects how customers see and respond to what you're selling.

Learn about seven major pricing strategies, gain an understanding of which fits your business best, and how to confidently communicate pricing to your customers in our article below

http://spr.ly/6186Ys6Km

We recently funded LifeFlight of Maine’s equipment replacement campaign to help them say “Yes” to patients in need across the State of Maine! 💪

With new equipment, they’ll be able to continue providing quality care for those in need of critical care and medical transport.

Traveling this summer? ✈️

Avoid travel-related stressors by adding GreenPath’s 6 financial travel tips to your list.

Click the link below to see how you can safeguard your money while away. Happy travels!

http://spr.ly/6182YZasu

Traveling this summer? ✈️

Avoid travel-related stressors by adding GreenPath’s 6 financial travel tips to your list.

Click the link below to see how you can safeguard your money while away. Happy travels!

http://spr.ly/6180YZasO

Scammers Are Sliding Into Your DMs 💬

Did you get a message on social media from an “artist” asking to pay you for permission to paint your photo? It’s a scam. They don’t want to pay you — they want to take your money.

Learn more about how to identify and stop these scams here ⬇️
http://spr.ly/6183YGgbH

Scammers Are Sliding Into Your DMs 💬

Did you get a message on social media from an “artist” asking to pay you for permission to paint your photo? It’s a scam. They don’t want to pay you — they want to take your money.

Learn more about how to identify and stop these scams here ⬇️
http://spr.ly/6187YGgbz

🍏 BACK TO SCHOOL SUPPLY DRIVE 🍏

Our Back to School Supply Drive kicks off August 1st and runs through August 30th! Help local students and teachers get the supplies they need for the upcoming school year by bringing school supplies to any of our branches, and we’ll deliver them to an area school near you!
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Please consider donating the items below to help students start the year off right:
-
✅ #2 Pencils
✅ Clorox Wipes
✅ Colored Pencils
✅ Crayons
✅ Erasers
✅ Notebooks
✅ Scissors
✅ Tissues
✅ Washable Markers
-
Together, we can move our communities forward!

Considering adding a new employee? 💼

There are many factors to consider when adding a new employee. It can be hard to know when your business is financially ready to grow your team.

Download our Employee Cost Template and start examining the impact on your business of adding employees. From recruitment costs to pay and benefits, this template will help you decide if you are financially ready to grow.

Prepare to expand your team today!
http://spr.ly/6181cNAXX