Using Online Banking For Your Business
Flexibility is key to being successful in business today. Whether it is changing your business model to meet the needs of the market, incorporating new technologies, or dealing with a global pandemic, your adaptability can mean the difference between being profitable or having to close your doors. This past year’s COVID-19 lockdowns and social distancing […]
How To Apply For Your First Business Loan: Everything You Need to Know
As a new business owner, you’ve got a lot on your plate. You may dream about what you’d do with your first business loan, but actually researching the process and taking that step to apply can feel overwhelming. Luckily, we’ve broken down pertinent information for you in this handy guide to applying for your first business […]
Single Close Construction Loans Explained
In spite of the pandemic, the real estate market in North Central West Virginia remains strong and stable. With interest rates historically low, there has never been a better time to borrow money to buy a home—if you can find one before it gets snapped up! Alternatively, building your dream home gives you more control and […]
How To Choose Between A Variable and Fixed Rate Mortgage
How To Choose Between a Variable and Fixed Rate If you’re buying a home in West Virginia, you may want to apply for a mortgage now. But which mortgage type should you choose? Learn more about the differences between a variable and fixed-rate mortgage. Are you planning to buy your first or next home in West Virginia […]
When To Refinance A Mortgage
West Virginia has been experiencing the same real estate trends as the rest of the country: low supply and increased demand driving up prices while mortgage interest rates stay historically low, according to a recent article in WV News. For homeowners considering a mortgage refinance, this means you could lock in a lower interest rate while […]
Home Equity Line of Credit vs. Personal Line of Credit
While interest rates on mortgages and other loans remain low, house values have risen across West Virginia. For many homeowners, this signals a perfect time to cash into their home equity to fund renovations and other home building projects. When it comes to funding home projects, a line of credit is often a better choice than a lump sum […]
Moving To Morgantown Guide
Morgantown is a bustling college town, burgeoning tech hub, and great small city with culture, entertainment, dining, and outdoor recreation. Whether you are a young professional looking for a lower cost of living, a family looking for a slower pace of life, or a retiree in search of great healthcare and other amenities, Morgantown is […]
10 Identity Theft Prevention Tips
Identity theft results in billions of dollars of financial loss each year. Unfortunately, what was already a big problem only got bigger in 2020—cases of identity fraud increased by 45%. So, how can you avoid being one of this year’s identity theft victims? This article will explain the best things you can do now to prevent identity […]
Morgantown First Time Homebuyers Guide
Buying your first home is a wonderful milestone, but it can also feel daunting. That’s why we created this guide just for you. First Exchange Bank has been helping West Virginians and residents of Morgantown become homeowners for nearly a century. In this article, we’ll simplify the process by breaking down the steps: from figuring […]
First Exchange Bank Announces Morgantown Office Relocation
White Hall, W.V.- First Exchange Bank is excited to announce they will be relocating their Morgantown office from 3081 University Avenue to a new, advanced banking facility just a few doors down at 3051 University Avenue in Morgantown. “We are excited to add this state-of-the-art establishment to our branch network as we continue to provide […]
