Savings Tip: Make an extra mortgage payment, or not?

It’s a split decision. Some experts advise making an extra annual mortgage payment. Others say there are better ways to use your money in today’s tight economy.

Perhaps you’d agree with the advisor who says that chopping time and money off your mortgage debt is an emotional thing, not a financial one. You can picture yourself burning your mortgage at your retirement party — or, better still, years before you retire! Continue reading

Savings Tip: Preparing for Black Friday

As soon as the table is cleared and the dishes are done, many of us will be getting ready for — or already headed out to — what has become a post-Thanksgiving tradition: Black Friday holiday shopping.

But, don’t get caught up in the excitement. If you do, you could end up spending more than you intended, putting a big dent in your budget. Continue reading

Holiday Food & Toy Drive

Please join us in contributing food items and toys to the members of our community who need them most.

We are proud to support our communities and this holiday season we will be hosting our Second Annual Food and Toy Drive in all of our branches November 9 through December 13.

You can make a difference.
Please bring your non-perishable food items, such as canned vegetables and fruit, soups, spaghetti sauce, rice, macaroni and cheese and hot/cold cereals, to any Community Bank branch. Collections made in Southern Maryland will be donated to the Southern Maryland Food Bank and collections in King George County will be donated to the Department of Social Services for the King George Food Pantry.

We are also collecting new, unwrapped toys to distribute to local families with young children during the holidays. Toys collected in Calvert, King George, and St. Mary’s Counties will support the Marine Corps Reserve Toys for Tots program and toys collected in Charles County will benefit the Children’s Aid Society, Inc.

10 tips for avoiding identity theft

Some things are well worth repeating, especially when it comes to protecting your good name, your wallet, your well-being, and your peace of mind. That’s why we are re-visiting an important topic: Avoiding identity theft.

The Federal Trade Commission estimates that nearly 9,000,000 Americans have their identity stolen each year. Someone has used their personally identifying information, like name, Social Security number, or credit card number, without  their permission, to commit fraud or other crimes. Continue reading