CHOOSE LOCAL

5 COMPELLING REASONS TO KEEP YOUR MONEY CLOSE TO HOME

1.  Get the same services at a lower cost.We offer the same services you might find at those great big banks around town, we just do it at a lower cost to you. We're a smaller bank with smaller overhead costs which means we have more savings to pass on to you.  Most local banks, like us, offer better interest rates on savings and better terms. 

2.  Ensure that your money stays here.When you bank with a community bank, you are investing in your community. You're investing in small businesses owned and operated by the people you're proud to call your friends and neighbors. These businesses account for the majority of all busi­nesses here in northern Michigan. They create the most jobs, provide income for many of our friends and neighbors, and reinvest in our local communities. The same small businesses depend on local banks, like Honor Bank, for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they account for more than half of all small business lending.

3.  Keep decision-making local.At Honor Bank, loan approvals and other key decisions are made locally by people who live in this community, have face-to-face relationships with you, the cus­tomer, and understand local needs. Because we know this community we can approve small business and other loans that big banks would reject. Honor Bank is proud to keep decision-making local so the people who bank with Honor know that they can trust in us.

4.  Invest in your community. The fortunes of local banks are intimately tied to the fortunes of their local communities. We are invested in this community because, at Honor Bank, we know that we only prosper when our community as a whole prospers. Big banks don't depend on the success of the communities they serve because their money comes from lots of different communities and from their investment returns from Wall Street. Our goal is to always support and encourage growth from within our community. We want local businesses to succeed so that our community can grow and prosper. By investing in Honor Bank you'll be investing in the future of this community.