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Country Bank for Savings, a Massachusetts chartered mutual savings bank with its Main Office located at 155 West Street, Ware, Massachusetts 01082, is applying with the Federal Deposit Insurance Corporation for permission to establish a full-service branch office at 158 North Main Street, Uxbridge, MA 01569. Any person wishing to comment on this application may file his or her comments in writing with the regional director of the Federal Deposit Insurance Corporation at the appropriate FDIC office located at 15 Braintree Hill Park, Suite 200, Braintree, MA 02184-8701 not later than 15 days from the date of this publication. The non-confidential portions of the application are on file at the appropriate FDIC office and are available for public inspection during regular business hours. Photocopies of the non-confidential portion of the application file will be made available upon request.

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Loan Basics

Loan basics to help you understand how a loan works.

  • When you borrow money from a bank, it is called a loan.
  • The amount you borrow, which is also called the principle balance, is paid back to the bank along with interest and applicable fees.
  • The loan payment amount will be based on how much you borrow, the interest rate and the loan term.
  • The interest rate is the rate the bank charges to loan you money.
  • The loan term is the time it will take to pay back the loan (example: 12 months, 36 months, etc.).
  • Banks will require an application to be completed to apply for a loan.
  • Banks will consider your credit score and income along with other factors when determining if you are approved for a loan.

 

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