Downtown Bay City Office on a sunny day
Written by Todd Clements, SVP & Business Lender A strong banking relationship is an asset for any business, regardless of its size or stage of development. Throughout the life of your business, there are a variety of ways that your bank can offer support. For a new business, building a partnership with a business banker […]
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 […]