IRS Man calculating numbers
Written by Steve Canole, SVP & Business Lender at 1st State Bank You’ve worked diligently to establish your business, you’ve spent years developing your employees, products and services. You may be starting to consider what comes next for you and your company. As you approach retirement or simply another life direction, it’s time to think […]
1st State Bank building on a partly cloudy day
With the recent news about the closure of Silicon Valley Bank (“SVB”) in California and Signature Bank in New York, you may have questions about the security of your deposits with 1st State Bank. Please be assured that your deposits are secure. Both SVB and Signature Bank had unique circumstances leading to their failures. SVB […]
Black and white business papers and a calculator on top
Written by Todd Gregory, EVP & Chief Lending Officer of 1st State Bank Earlier this year, the Federal Reserve began to increase interest rates in response to high levels of inflation and is likely to continue increasing rates through 2022. Over the past couple years, demand/supply imbalances for many items have resulted in inflationary rates […]
finger touching digital lock icon
Our Positive Pay Service offers your business powerful fraud protection against check and ACH fraud. As business leaders/owners, we continue to face many challenges. Challenging times often are a catalyst to increased fraudulent activities, and unfortunately, statistics state that eventually every business will be impacted by fraud. At 1st State Bank, we are seeing an […]