Resources for Business Owners impacted by COVID-19 To say that the past few weeks have been unprecedented would be the biggest understatement of this very young decade. While everyone is likely to feel some impact from…
Insights
We know financial decisions aren’t made in isolation—they’re made within the context of your business, your family and your future. That’s why we offer banking insight that’s both practical and personal. From commercial and private banking trends to treasury strategies, fraud prevention, and trust resources, our guidance is shaped by a personal understanding of your goals. No noise. No filler. Just timely, relevant guidance from a team that knows your name and understands what success looks like for you.
To understand the difference between the two, it is best to understand what each is. The following definitions are from Investopedia.com. A trustee is: “A trustee is any type of person or organization that holds the…
Written by: Alice B. Womack, Associate Managing Director, Private Banking There are a variety of ways to save for college and the single best way to save is dependent on your financial picture. Regardless of the…
What is a trust? How do they work? Does a will supersede a trust or vise verse? A trust and a will are two separate legal entities which normally work in conjunction with one another in…
Written by: Michael Mims, Managing Director, Private banking The Prime Rate or Prime Lending Rate is generally accepted as the interest rate banks charge their best clients. Prime Lending Rate changes anytime the Federal Open Market…
Written by: Michael Mims, Managing Director, Private banking Cash Flow Planning is basically a strategic plan to review anticipated revenues / income and expenses / cash outflows over a defined period of time. Cash Flow Planning…
Debt is not a bad thing. In fact, it can actually be a good thing if managed properly. By ensuring that your debt is being proactively monitored you can better manage your taxes and ensure your…
Written by: Michael Mims, Managing Director, Private banking Banks are generally on the conservative end of the lending spectrum. Clients deposit funds into banks for safekeeping, to transact business, and earn a reasonable rate of interest…
The three major credit bureaus, Equifax, Experian and Transunion, use these 5 factors to compile a credit score which banks and creditors will use to determine your eligibility for various types of loan or credit…
Over the last decade, payments fraud has become a concern for nearly every organization. As technology and eCommerce evolve, the threat of fraud evolves with it. Our number one priority is the security of our clients,…