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Your financial well-being is our priority. Beyond our valuable products and services, we're happy to provide informative articles on a variety of financial topics, and tips you can put into action.

woman at desk looking through paper work with laptop
Marissa Scott
Business

The Difference between a Small Business Loan and Business Credit Card

As a small business owner, it can be difficult to navigate available financing options on top of your everyday obligations. Here's an outline of two common choices.

jar with coins labeled "save" on desk with books and graduation cap
Marissa Scott
Saving

Creative Solutions to Help Lower the Cost of College

The price of college tuition can often deter students from getting a degree. Here are some ways to save and alternatives to a traditional four-year path.

person driving a powerboat in the water
Marissa Scott
Uncategorized

Tips for Buying a Boat This Season

With restrictions still in place and people hesitant to travel due to COVID, a boat purchase is a great way to explore SouthCoast MA & RI this season.

woman hands take out order to another woman over counter
Marissa Scott
Business

Lasting Effects of COVID-19 on Small Businesses

COIVD-19 has brought some changes that may be here to stay. If you are a small businesses owner, here are some areas to focus on.

person on phone and laptop with bank items around
Marissa Scott
Uncategorized

New Banking Trends to Consider

Banking is consistently becoming a more technological industry. Here are some functions to utilize that you may not be aware of. 

overhead view of desk with people working on analytic documents and laptop
Marissa Scott
Business

Financial Hurdles Every New Business Owner Should Prepare For

It's not always easy to anticipate and keep track of the costs associated with starting a business. Here are some items to factor into your budget.

person handing credit card to another
Marissa Scott
Saving

Risks of Financing an Emergency with a Credit Card

It can be tempting to finance an unexpected purchase by credit card. Here are some reasons to find an alternative and avoid finding yourself in debt.

Bill Lapointe
BankFive
News

BankFive Board of Directors names William H. Lapointe Vice-Chair

William H. Lapointe, President of The Lapointe Insurance Agency, has been named Vice-Chair of BankFive.

loan agreement paperwork and pen on a desk
Marissa Scott
Business

Is a Personal Loan a Good Idea for Your Business?

Deciding between a personal loan and business loan largely depends on your individual circumstance. Here are some differences to consider. 

family outside of car in the snow
Marissa Scott
Money Management

Vacation Ideas to Consider During COVID

With warmer weather on the horizon, you may want to plan a much-anticipated getaway. Here are some tips to stay safe while filling your travel void.

Victoria Mateus
BankFive
Employee Spotlights

Employee Spotlight: Victoria Mateus

Meet Victoria! She's a Small Business Specialist who has been with BankFive for 3 years and already made an impact in a variety of roles.

man looking at papers in a factory
Marissa Scott
Business

What to Look for in a Business Checking Account

Finding a checking account that meets the needs of your business can ensure a long-lasting banking relationship. Here are some tips when weighing the options.

person calculating totals with pen and paper
Marissa Scott
Saving

Why Did My Savings Account Rate Go Down?

If you've noticed your savings account interest rates have dropped in recent months, here's what could be influencing the change.

Cartoon employees on a welcome sign
BankFive
News

BankFive Announces Addition of Banking Veteran to the Commercial Lending Team

BankFive is pleased to announce that Charles DeSimone III has joined the Bank as First Vice President, Commercial Lending Relationship Manager. 

woman sitting as desk surrounded by flowers using a calculator
Marissa Scott
Business

How Does PPP Forgiveness Affect Your Taxes?

If your small business received funding from a Paycheck Protection Program loan, here is what you should know as you begin to file 2020 tax returns.

a couple reviewing bills and calculating totals
Marissa Scott
Budgeting

Budgeting Tips to Consider in 2021

Whether you consider yourself a pro or have made budgeting a new goal for 2021, here are some tips for creating a budget and reaching your financial goals.

close up image of U.S. stimulus check
Marissa Scott
Money Management

Do I Have to Pay Taxes on My Stimulus Checks?

Many people have questions on how stimulus payments issued due to COVID-19 will affect 2020 tax returns. Here is an overview of what you should expect.

woman video conferencing with colleagues at desk
Marissa Scott
Business

Tips for Businesses with Remote Employees

There's no "how-to" guide on working remotely due to a global pandemic. Here are some ways to keep your team connected, both professionally and personally.