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I had the honor of visiting the 9/11 Tribute Museum in Manhattan this past week. Mark Malone, VP Area Sales leader and I traveled down to film our 9/11 Tribute episode of Wake Up with Rhinebeck Bank. This experience was extremely moving. We saw artifacts from the tragic event, learned about 9/11 and heard from survivors. These survivors had so much to share.
Last year Rhinebeck Bank started a Mentor Program for our employees. The goal was to attract quality new hires, develop leaders within our organization, and retain high-potential employees. We are happy to say that we recently rolled out our second class of Mentors/Mentees, and have more than 50 employees participating in this very well received program.
A Mentor Program pairs a more experienced professional with a less experienced individual. The focus of the mentor/mentee relationship is to support the growth and development of the mentee, with the mentor being a source of support, insight and knowledge.
In a previous blog I wrote I asked the question, "will brank branches disappear?" In that blog I made the following statement:
“As a local Community Bank, we see the importance of locations where our customers can conduct business with a financial professional, whether it is a simple cash transaction with a teller or a complex transaction where a face to face meeting with a Banker would be helpful.”
When exactly is the right age to start teaching children about money? My opinion is that it’s really never too early to start! In fact, the earlier you can start to talk to kids about money, the more those lessons will stick with them as they grow up. Here are some great tips to help kids as young as three or four start to understand the importance of money:
According to the FBI’s Internet Crime Complaint Center (IC3) between October 2013 – May 2016 there were 15,668 domestic and international victims of BEC. The combined exposed dollar amount losses of these crimes totaled $1,053,849,635.
Should you co-sign for someone if they ask you? Well… you really need to think long and hard about this and make sure you’re ready and able to take on that responsibility. People often get confused when they hear the term co-sign. Sometimes people think they are not really responsible for the debt; they think they are merely helping someone out. Make no mistake; if you co-sign a loan for someone, it is exactly the same as if you borrowed the money yourself! By co-signing on a loan you are accepting full responsibility for payment of that loan, including late charges and any fees associated with collecting the debt.
I have spent nearly 15 years consulting borrowers on mortgage financing. In that time, I have seen a great number of scenarios and questions come up after people have received their pre-approvals. Some issues have derailed their plans for a new home while some small mishaps have been easy to navigate around. All of them, however, have caused additional documentation and worst of all, additional time in the process! Let’s look at a few do’s and don’ts to keep in mind AFTER you receive your pre-approval.
CONVENIENCE: what does that mean to you? In today’s fast paced world convenience is an important factor for many people as they go about their daily routine.
For some, convenience is not the first consideration. Some people may go to a particular gas station for the price or the brand of gas. Some go to a certain grocery store because they like the variety in the store or the meat or produce they can get there.
What are they, and what are the benefits?
Automated Teller Machines (ATMs) are a staple of modern society. First put into use in 1967 by Barclays Bank in north London, there are about three million ATMs worldwide today. Billions of people throughout the world use these devices to conduct the most basic banking functions. Not only do they provide convenient access to cash withdrawals, they allow customers to check their balances, transfer funds between accounts, and most importantly make deposits.
As we all know the 4th of July is a national holiday celebrated with family, friends, food and fireworks. Here are some fun local things you can do this year right in our local area:
USA Patriot Act
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