CBWY Blog

The article highlights the significance of smart budgeting as a crucial step towards achieving homeownership. It presents budgeting not as a limitation but as a strategic tool for financial management, emphasizing its role in tracking spending, saving for a down payment, and preparing for monthly mortgage payments. A good budget offers insights into spending habits, enhances savings, reduces impulsive buying, and prepares individuals for unexpected financial challenges by advocating for an emergency fund.

We are proud to support the organizations that tirelessly work towards improving the quality of life in our community. The My Fair Share program serves as an exemplary model of how individuals can directly benefit these organizations. Every year, employees of Commerce Bank of Wyoming nominate local organizations to receive monetary donations. They have the freedom to choose which organizations to support by donating a percentage of their pay throughout the year. In this blog post, we will showcase the recipients of the 2023 My Fair Share Program.

Mike discusses the current economic situation marked by high inflation rates due to labor and material shortages, massive government funding, and record low interest rates. To combat this, the Federal Reserve has raised the benchmark federal funds rates, resulting in higher mortgage rates and increased home construction costs. However, indicators such as an inverted yield curve and slowing consumer spending and GDP suggest that inflation is declining, and rates are expected to fall significantly in the future, aligning with historical trends.

When it comes to purchasing a home, securing a loan is one of the biggest challenges. Sitting down and mapping out a plan, understanding your financing options, and choosing the right loan for your circumstances is vital to securing a successful purchase. At Commerce Bank of Wyoming, we offer a variety of loans to help our customers fulfill their dreams of homeownership. In this blog post, we’ll take a closer look at these loan options and help you decide which is right for you.

While consumers are constantly bombarded with electronic ads, and the dangers of online scams, the average buyer has evolved and will research before signing the dotted line. Other lending and insurance marketers have resorted to purchasing consumer information to seem legitimate.

Commerce Bank of Wyoming a branch of NebraskaLand Bank has recently received the honor of being ranked in the American Bankers, Best Banks to Work For in 2023. It is an incredible achievement, and we are incredibly proud to have been recognized for the fifth year in a row.  This achievement is not only because of the efforts of the management and leadership team but also due to the dedicated hard work of our employees who always strive towards excellence.

Shopping for gifts during the holiday season can be a daunting task. Crowded stores, long lines, and overwhelming holiday displays can make it difficult to find unique and thoughtful gifts. But what if we told you that you can find all the perfect gifts right in your community? Shopping local not only supports our local economy, but it also improves the quality of life in our community. This holiday season, we encourage you to make the commitment to shop local and reinvest in your community. We've tapped into our team's shopping expertise to bring you the top destinations for shopping locally this holiday season.

An HSA is a tax-favored savings account for individuals and families covered by a high-deductible health plan (HDHP). Contributions to an HSA are tax-deductible and distributions are tax-free if used for qualified medical expenses.

As a business owner, fraud is always a top concern. With so many financial transactions happening daily, fraudulent activity can go unnoticed. That's why it's essential to have reliable fraud-protection tools in place – tools like Commerce Bank of Wyoming's Positive Pay solution. In this blog post, we'll take an in-depth look at how Positive Pay can help protect your business from financial fraud.

As the holiday season quickly approaches, we invite you to join us for a festive event that supports our community. The annual YWCA Festival of Trees will be held from Monday, November 20, 2023, through Thursday, November 30, 2023, at Commerce Bank of Wyoming located at 1575 Dewar Drive in Rock Springs. Come experience the magical atmosphere by viewing the elaborately decorated Christmas trees between 9:00am and 5:00pm weekdays. The silent auction is available on-line, with displayed trees and wreaths available to bid on during the in person event on Thursday, November 30, 2023 at 5:30pm at Commerce Bank of Wyoming.