Blog

Revere Bank Millennials and Money White Paper

May 9, 2017

Overwhelming student debt. Lack of savings. The housing market crash. Saving for college. No formal financial education. Revere Bank heard these concerns over and over again during a 2016 study of millennials and their financial habits. Key findings from the study include: Forty percent of millennials surveyed do not invest (other than in their employers’ […]

What to Look For In Services Provided By Commercial Banks

March 27, 2017

Services provided by commercial banks range from basic to utterly complex. If you’re looking for a bank for your business, you need to make sure it provides you with the entire range of services – and with the convenience you need. What exactly are the services provided by commercial banks? Well, commercial bank services include […]

Maryland Business Tax Credits and Incentives for the 2017 Filing Season

March 3, 2017

It’s that time of year again, Maryland! Here’s everything you need to know about Maryland business tax credits and incentives for the 2017 filing season. Who Must File All corporations and associations with income allocable to the State of Maryland are required to file an income tax return with the state on Form 500. The […]

Glossary of Personal Banking Terms

January 9, 2017

Banking terminology is not always the easiest to follow. Learn these definitions of common personal banking terms to navigate the banking world like a pro. Annual Percentage Rate (APR) The yearly rate that is charged for borrowing, which represents the annual cost of funds over the term of the loan. Annual Percentage Yield (APY) The […]

Partnerships that Matter: Supporting Vital Missions

November 22, 2016

When your company’s mission impacts critical research for breast cancer and autism, there is no time to waste. For one small business owner, Derek Johnson, CEO of Ansible Government Solutions, his company’s support of these missions was in jeopardy—until he was introduced to Revere Bank. “I couldn’t believe how difficult it was for a small […]

How Do Escrow Services Work for Small Businesses?

November 7, 2016

Escrow services are something most small business owners will become familiar with at some point in their careers While some industries use escrow services more than others, there are a few distinct situations in which every business owner will likely use an escrow account. What are Escrow Services? An escrow is a deposit of funds for […]

Identity Theft: Detection, Recovery and Prevention

October 25, 2016

Jane noticed suspicious charges on her bank statement, so she contacted her banker. After further investigation, Jane realized her identity had been stolen. Not only did the thief rack up charges on her credit card, but he used her information to file a tax return and register a scam business. Jane is now thousands of […]

Gaeng for the Gold

October 19, 2016

  The Revere Bank team would like to congratulate Regional President Brian Gaeng’s daughter, Gail, on winning a gold medal in women’s wheelchair basketball at the 2016 Paralympic Games in Rio. Gail’s journey to gold is a story of hard work and determination—but mostly a story of unwavering dedication to the game and to herself. […]

Millennials and Banking: The Best Banks for Young Adults

August 24, 2016

We’ve all heard the stereotypes about millennials and money not going hand in hand, but a recent study has proven that’s not always the case. Millennials (people born between 1982-2004) are saving more than previous generations (more than 5 percent of income, on average) and beating out baby boomers’ savings accounts. Millennials and banks are […]

What is a Standby Letter of Credit and How Are They Used?

June 29, 2016

Financing for your small business isn’t always easy to come by—but it’s important to look down every avenue of opportunity; you might not be aware of one of the most powerful financing tools out there. Standby letters of credit can help your business in tough contractual and financial situations, making people more likely to sign […]