April l May l June 2016

Transcription

��2016
April l May l June
QUARTERLY
The
WHAT’S INSIDE:
A Magazine from Your Friends at TheBANK of Edwardsville
Bill Alexander Honored for
50 Years
of Banking
Out & About
The Digital Age What’s this
Computer Chip
Doing in My
Credit Card?
PAGE 6
PAGE 12
PAGE 16
contents
3
HELLO
4
Tips & Tidbits
6
TheBANK’s Bill Alexander Honored for 50 Years of Banking
8
Meet the
Madison County
Commercial Lenders
10 Build it With TheBANK
14 The Meredith Minutes How to Find A Good Financial Planner
19Foodies
Grilled Pork Steaks
Cole Slaw
16 The Digital Age What’s this Computer Chip Doing in
My Credit Card?
Root Beer Baked Beans
18
Commercial
Concepts: Creating
A Disaster
Recovery Plan
20 21 Convenient
Locations
12 Out & About
The Meredith Minutes:
How to Find a Good
Financial Planner
See page 14 for article.
TheBANK
Opens
Clayton
Center
2 l TheCLUB Quarterly
On April 4, TheBANK introduced a
new Missouri banking center – and
21st banking location overall – when
the doors officially opened at our
Clayton Center. The Clayton Center,
located inside the Bonhomme Place
building, in the heart of the Clayton
business district at 7700 Bonhomme
Avenue, will be the new base of
operations for our St. Louis commercial
and mortgage lending teams. In
addition, the Clayton Center will be
a full-service banking operation with
retail capabilities – a full-service ATM, a
universal banker station and a teller pod.
Every great relationship begins
exactly the same way.
Today we’re bringing our Commercial Banking, Wealth Management,
and Mortgage Lending services to our new friends in St. Louis. Our
integrated services are designed for success-minded individuals–just like
yourself. Let’s start a conversation to see how we can help you
with your business. Your investments. Your home. We’re here to help.
So if you don’t know us, we’re worth looking into. Because every
great relationship begins exactly the same way.
hello.4thebank.com / 844-656-1868
TheBANK of Edwardsville, Member FDIC. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC and are not insured by bank insurance, the FDIC
or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are not subject to risk, including the possible loss of principal.
Raymond James is not affiliated with TheBANK of Edwardsville. Mortgage Lending and Commercial Banking services are not offered by Raymond James Financial Services.
Tips&Tidbits
family matters
Have a Happy
“Family” at Work
Your co-workers aren’t your
Respect boundaries. Understand
that people have their own concepts
of personal space and privacy. Just
as you wouldn’t go into your sister’s
room without knocking, don’t open
someone’s desk without permission.
Stay out of your colleagues’ personal
lives, and don’t share too much of
your own.
family, but the same rules that
ensure a warm relationship
with family members can apply
to the workplace. Follow these
guidelines to create a family-like
atmosphere at work:
If something prevents you from
doing what you’ve promised, be
honest and explain at once.
n
Keep promises. Family members
n
and co-workers alike want to know
they can depend on you, so don’t
make commitments you can’t keep.
Pay attention to people. No one
n
likes to be ignored, whether it’s by
your father reading the paper while
you’re trying to talk or a co-worker
checking his or her smartphone
during a meeting. Give people your
full attention. Eliminate distractions.
This shows you respect their time
and intelligence.
The Planets: A Quick Tour of Our Solar System
Mercury. The
planet closest to
the sun can reach
temperatures of
800° Fahrenheit,
but also a chilly low
of -279° at night.
Venus.
Farther from the sun but hotter than
Mercury, Venus’s surface has an average
temp of 875°, hot enough to melt lead.
Earth. Our rotation is
slowing, but don’t panic. The decrease
is only about 17 milliseconds per 100
years, so we won’t have 25-hour days
for 140 million years.
Think you know a lot
about the solar system
we live in? The UPI website
shares these intriguing
facts about Earth’s
local neighborhood:
Mars. Looking for a rock from Mars?
You can find them here on Earth.
Meteorites from the red planet
have been discovered in the Sahara,
Antarctica, and other places.
Jupiter. This gas giant
has a magnetic field so
powerful it draws space
debris into its orbit, thus protecting
the inner planets.
Neptune. Winds on Neptune can
reach a speed of 1,500 miles per
hour or more.
Saturn. Saturn is
famous for its ring,
but they aren’t
unique. Jupiter,
Neptune, and
Uranus also possess
rings, but they’re
harder to see
from Earth.
Uranus. All
planets rotate,
but only Uranus
does so on its
side. Scientists
speculate that
a collision with
another large
object may have
caused its tilt.
Make New Friends all
Through Your Life
Building friendships and creating
thriving social circles is a key
component of good health throughout
your entire life. From Mayo Clinic’s
HealthQuest newsletter come these
suggestions for making new friends no
matter how old you are:
Save Your Cash
When You Eat Out
Slow Down to
Eat Less
Eating in restaurants can get expensive
in a hurry. When you want to get out of
the house but you don’t want to spend
a lot, try these tips to lower your tab:
Eating too fast can lead to eating
too much. But when you’re busy,
the temptation to cram a meal
down your throat may be
overwhelming. Here’s how to
slow down and savor every bite:
Have a snack first. Eat something
n
healthy before you head out. Then
order a smaller meal or an appetizer
instead of a full dinner.
Take your pet for walks. Make
n
conversation with folks who stop
to chat.
Join a hobby group.
n Volunteer in community groups or
n
at a hospital, church, or school.
Shape up while meeting new
people in an exercise class.
Get active in a social cause or goal.
n Go out to lunch with a work or
n
Stop multitasking. Don’t try to
eat while you’re working, texting,
or doing anything else. Turn off
your devices and focus on your
meal. You’ll have a better sense of
how much you’re eating and how
full you feel.
n
Sit down. Eating over the sink
or grazing while you search
the refrigerator may result in
consuming more unneeded
calories. Set the table and put
your portions on a plate to keep
control of how much food you’re
really eating.
n
Chew slowly. Count each bite
as you chew your food, and aim
for about 20 seconds of chewing
for each mouthful. You’ll force
yourself to slow down, and your
food will be digested more easily.
Skip the extras. Don’t have
Take a course at your local
n
n
n
n
community college.
health watch
money matters
odds & ends
n
cocktails or order dessert. These
can add up quickly. Have a glass
of wine and your own dessert at
home instead.
Go out for dessert only. You
can prepare an inexpensive yet
romantic meal at home, then go
out for ice cream or your favorite
dessert afterward.
social acquaintance at least once
a month.
Ask a small favor of a neighbor
n
or co-worker, and do the same for
him or her.
Volunteer to usher at your local
n
community theater.
numbers in the news
Lift Your Glass to
These Wine Stats
Do you enjoy a glass of wine with
dinner? If so, you’re not alone. Decanter
Magazine estimates that 93 million
people drink wine regularly in the
U.S., which adds up to 40 percent of all
adults. The amount of wine Americans
drank last year rose from 2014 by 0.2
percent, but Decanter predicts that by
the year 2025, 11 million more people
will be wine fans, for a total of 104
million dollars. That’s a lot of wine.
www.4thebank.com l 5
TheBANK’s
Bill Alexander
Honored for
S
AR
YE
in Banking
Ask Bill Alexander about the
highlights of his long career in
banking, and his response is
quick and pointed.
Illinois Bankers Association
President Linda Koch, right,
presented TheBANK of
Edwardsville’s Bill Alexander
with a certificate honoring
his 50 years of service
to the banking industry
during TheBANK’s Annual
Stockholder’s Meeting on
Tuesday, March 22.
“It’s all about the people and
the relationships you make,”
he said. “It’s not about titles or
positions or even the money you
earn … It’s about the life-long
relationships you develop with
people. I have truly relished the
opportunity to develop those
relationships, to serve people,
and most importantly, to
help people.”
Alexander has helped many
throughout his banking career, which
reached its golden anniversary in
October of 2015. He was honored
for his 50 years of service by Illinois
Bankers Association President Linda
Koch at TheBANK of Edwardsville’s
Annual Stockholders’ Meeting on
Tuesday, March 22.
“It’s been a wonderful journey,”
Alexander said. “I feel so blessed to
have the ability to work and serve the
people of my hometown for so many
years. And that’s been a big benefit
to me over the years. Even though
it’s grown so much, Edwardsville has
always had that small town feel, which
has made it easy to make strong,
lasting relationships.”
A near lifelong resident of Edwardsville
after his family moved to the town
when he was three years old,
Alexander began his career in banking
in October, 1965, at Edwardsville
National Bank and Trust Company
as a trainee in the loan department.
It’s all about
the people and
the relationships
you make
Over the next 10 years, he progressed
rapidly at Edwardsville National. He
learned the ropes of operations,
auditing and virtually every other
department at the bank before
eventually being named vice president
and cashier, which at the time was the
top operations position at the bank.
Through that time, he also developed
relationships with the employees at
the other bank in town – TheBANK of
Edwardsville – including then cashier
Bob Wetzel, who would later become
the longest-serving president in
TheBANK’s history.
“Both banks were about the same
size at that time, and there was a lot
of cooperation between the two,”
Alexander said. “Bob and I had a great
friendship that went beyond banking.
Both banks only had roughly 40
employees, so we all knew each other.”
Those relationships would play a big
part in Alexander joining TheBANK.
In 1975, Edwardsville National was
bought by out-of-town interests
as an investment opportunity, and
Alexander, who has always been
strongly committed to community
banking, saw the writing on the wall.
So when Wetzel, and then president
of TheBANK John Hunter, approached
him about joining TheBANK, Alexander
took the opportunity. He started his
career at TheBANK in January, 1976, as
a vice president.
Over the next 40 years, Alexander
played a pivotal role in the
management of TheBANK’s growth as
a vice president, senior vice president
and his current title, executive vice
president. He even served as interim
president of TheBANK following
Wetzel’s retirement in 2004. The
position was offered to him on a fullterm basis, but he declined due to his
retirement plans at the time. However,
he helped lead the search that
brought Tom Holloway to TheBANK
as president, ushering in an era of
expansion for the organization.
In addition to his role in management
decisions regarding the day-to-day
operations of TheBANK, Alexander has
also been a key player in its long-term
decision making as a member of its
board of directors, as well as a member
of the board of directors of its holding
company, THE BANC ED CORP., since
its inception. He currently serves as
president of THE BANC ED CORP. board.
Alexander has also played a big part in
helping build TheBANK’s unmatched
reputation for community service.
He has served charitable, civic and
educational organizations at the local,
state and national levels – as well
as serving his country for a six-year
stint in the United States Air Force
Reserves as an Aeromedical Technician
during the Vietnam Conflict, where he
reached the rank of Staff Sergeant. He
has been a near lifelong member and
supporter of Trinity Lutheran Church
and School, was named a “Paul Harris
Fellow” by the Edwardsville Rotary
Club, and earned the “Distinguished
Service Award” from the Edwardsville
Jaycees in 1976.
Alexander’s long list of service to
local boards features the Edwardsville
Chamber of Commerce, YMCA, and
American Cancer Society chapter; the
city’s Police Pension Board and Mobile
Intensive Care Unit; the Illinois Bankers
Association, the Southwestern Illinois
Chapter of the Bank Administration
Institute, and the Graduate School of
Banking, University of Wisconsin; and
Lutheran Child and Family Services
of Illinois. While serving on the state
board of directors for Lutheran
Child and Family Services, he was
instrumental in the development
and opening of the Meridian Village
Retirement Community in Glen
Carbon, and served as its chairman
of the board in its early years until it
merged with Lutheran Senior Services.
While his list of accomplishments
and service is long, Alexander is
quick to point out that both his work
at TheBANK and his work in the
community have not been solo efforts.
“I take a tremendous amount of pride in
the work we’ve been able to accomplish
in the growth of the communities and
the growth of TheBANK,” he said. “I
also owe a tremendous thank you to
my fellow employees, both past and
present, for being such a great group
of individuals to work with. They have
been and continue to be committed
to making this organization and our
communities successful.”
He paused, and added, smiling, “I just
started a little sooner and have lasted a
little longer than most.”
Meet the Madison County Commercial Lenders
Rick Parks
Dan Abegg
Shannon Bond
Kyle David
Senior Vice President/
Commercial Banking
Madison County / 618.659.4237 Vice President/Commercial Banking
Madison County / 618.659.4200
Assistant Vice President/
Treasury Management
Assisant Vice-President/
Commercial Banking
Rick has been with TheBANK
for four years and has been in
the industry since 1988. He is in
charge of the daily operations of
the Commercial Banking Group.
Dan has been with TheBANK since
1994 and has been in the industry
since 1987. With TheBANK, his
duties include commercial lending
and helping a variety of clients and
industries with their lending, cash
management and financial needs.
Shannon was with TheBANK 2002
through 2004 and returned in
2010. She has been in the industry
since 1987. With TheBANK, her
duties include developing a suite
of treasury management services
to meet the financial needs of
businesses both large and small,
helping businesses regulate their
cash flow with services such as
Deposit@Work, lockbox, ACH
direct deposits and payments,
sweep accounts, CDARS, ICS, and
online and mobile banking.
Kyle has been with TheBANK
since 2007 and has been in the
commercial lending industry since
2011. With TheBANK, his duties
include commercial lending and
managing a loan portfolio.
Education: B.S., Olivet Nazarene
University; MBA, St. Louis University.
What you may not know: Rick
grew up on a farm in western
Illinois and currently leads the
music program at his church.
Away from work: A resident
of O’Fallon, Illinois, Rick and his
wife have three children. He
enjoys outdoor sports including
hunting, camping, hiking,
shooting sports and golfing.
Organizations: Rick is a member
of Good Shepherd Ministries in
East St. Louis, serving lunch and
assisting with church services,
since 2008; a board member
of the Leadership Council of
Southwestern Illinois from
2004 to 2010 and from 2013 to
present; a board member of the
Boys Scouts of America since
2006, a board member of First
Church of Nazarene since 1989;
a board member of the Metro
East Fellowship of Christian
Athletes since 2009, including
serving as President from 2013 to
present; a board member of the
Edwardsville YMCA beginning
in 2014, serving as Treasurer; and
a member of the Edwardsville
Rotary Club beginning in 2014.
8 l TheQuarterly
Education: B.S.B.A., Southern
Illinois University Edwardsville
School of Business; Graduate
School of Banking Degree,
University of Wisconsin-Madison.
Away from work: A resident of
Glen Carbon, Illinois, Dan and
his wife have two children. He
is an avid sports fan and enjoys
playing golf.
Organizations: Dan is a
member of the Rotary Club
of Edwardsville, in which
he was a Paul Harris Fellow
Award recipient from Rotary
International; former President
and seven-year Executive
Board Member for the Ed/Glen
Chamber of Commerce.
Education: Business
Administration degree from
Lindenwood University.
What you may not know:
Shannon plans to run her first
half marathon in 2015.
Away from work: A resident
of Bethalto, Illinois, Shannon
and her husband have two
children. She enjoys attending
her son’s hockey games and her
daughter’s dance competitions.
Organizations: Shannon has
been a member of the United
Way’s Allocation Committee
since 2009.
Education: B.S., Southern
Illinois University Edwardsville
School of Business; Certificate
in Commercial Lending, Illinois
Bankers Association; Lending
Certificate, Center for Financial
Training. He is a 2014 graduate of
the IBA’s Future Leaders Alliance
Institute and a 2011 graduate
of the Leadership Program at
TheBANK of Edwardsville.
Holiday Shores, Illinois, Kyle and
his wife have four children. He
enjoys spending time with his
family, bass fishing tournaments
and taking his family fishing,
boating and swimming.
Organizations: Kyle is treasurer
and sergeant and arms of the
Land of Goshen Rotary Club and
a member of the Small Business
Development Center Partners.
Editor’s Note: This is the first
installment of our Madison County
lenders. The remaining lenders
will be featured in the next issue
of TheQuarterly.
Dwight Werts:
About TheBANK of Edwardsville’s
Commercial Banking Group
Gregory P. Dix
Vice President/Commercial Banking
Greg began his employment with
TheBANK in September of 2014
and has been in the industry since
1979. With TheBANK, his duties
include commercial lending and
managing a loan portfolio.
Education: B.S.B.A., Southern
Illinois University Edwardsville;
IBA Commercial Lending School
and Consumer Lending School,
Bradley University; IBA Illinois
Bankers School, Southern Illinois
University Carbondale.
What you may not know: Greg
lived in Germany for 6 years
and has been a builder/land
developer in Florida, Missouri
and Illinois.
Caseyville, Illinois, Greg
and his wife have three
children. He enjoys golf,
traveling and gardening.
CEO ; and
sident and anking Group.
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e
Dwight W
mercial B
Treasurer; Edwardsville’s Com
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Cheryl We Vice President The
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Rick Parks
Dwight Werts:
About TheBANK of Edwardsville’s
Commercial Banking Group
We love the fact that TheBANK of Edwardsville is a hometown
bank. We originally started with a hometown bank, but it was
bought out by a larger bank. Then that larger bank was bought
out by an even bigger bank. It got to the point where they didn’t
know us or understand our business. They kept growing and
changing people so often that it felt like we got left behind. So we
didn’t leave that bank…they left us.
It’s different with TheBANK of Edwardsville. TheBANK is locally
owned and locally managed. They understand our business and
the local presence we have in our community, and they support
the communities they’re a part of, which is very important to us.
The best part is, if I have a problem I can call TheBANK and get a
person I know, a person who calls me by my first name because
they know me. They’re not 2,000 miles away, making decisions in
another city and another state about my business.
We have a great relationship with TheBANK of Edwardsville.
We wouldn’t bank with anyone else.
618-659-4590
www.4thebank.com
N EW CO N STRUC TI O N
REMO D EL
H OM E SE RV I CES
Spencer Homes
618-659-0217
spencerhomesllc.com
Patriot Sunrooms and Home Solutions
3925 Blackburn Rd
Edwardsville, IL 62025
618-307-3364/ 800-285-3232
[email protected]
patriotsunrooms.com
H E ATI N G & CO O LI N G
Premier Homes
Edwardsville, IL • 618-656-2180
premierhomesllc.com
Remington Homes
Maryville, IL • 618-205-3236
remingtonproperties.net
Precision Contracting Inc.
8836 State Rt 162 • Troy, IL 62294
618-781-4426
[email protected]
Cochran Homes LLC
6806 Fedder Ln • Collinsville, IL 62234
618-795-4536 • [email protected]
Herrin Construction
1382 Harrison St • Wood River, IL 62095
618-258-0497
Homes By Emmons and Cress
1824 West Delmar Ave • Godfrey, IL 62035
emmonsandcress.com
Homes By Deesign Inc.
2661 N Illinois, PMB 358 • Swansea, IL 62226
homesbydeesign.com
Home Source Custom Homes
3787 West Outer Rd • Arnold, MO 63010
636-296-0100 Ext 118
[email protected]
homesourcecustomhomes.com
Hooten Homes
611 Goose Creek Dr • Wentzville, MO 63385
hootenhomesllc.com
Butler Home Improvement
906 Vandalia • Collinsville, IL 62234
618-344-7073
[email protected]
butlerhomeimprovement.com
Martin Glass Co.
25 Center Plaza • Belleville, IL 62220
martinglass.net
Good Looking Homes LTD
3817 N 89th Ste 103 • Caseyville, IL 62232
618-555-0525
[email protected]
GW Construction
133 E Second St • Roxana, IL 62084
866-707-0709 •[email protected]
Studz & Boltz LLC
5501 Ladue Dr • Godfrey, IL 62035
618-477-1399/618-447-1409
[email protected]
Custom Floors & More Inc.
4198 Old Collinsville Rd
Belleville, IL 62226
618-277-7233
[email protected]
customfloors.biz
Hooten Homes
611 Goose Creek Dr
Wentzville, MO 63385
618-466-3625
[email protected]
hootenhomesllc.com
Bickle Electric Contracting Co.
28 Mechanical Dr • East Alton, IL 62024
bickleelectric.com
Bickle Electric Contracting Co.
28 Mechanical Dr
East Alton, IL 62024
618-259-499
[email protected]
bickleelectric.com
Pyramid Electrical Contractors, Inc.
300 Monticello Place
Fairview Heights, IL 62208
618-632-1180
[email protected]
www.pyramidelectrical.com
618-632-1180
[email protected]
10 l TheQuarterly
AMK Heating & Cooling Inc
7067 Marine Rd • Edwardsville, IL 62025
amkhc.com
J.M. Heating and Cooling, Inc
13 Brookshire Ln • Edwardsville, IL 62025
618.920.8321
jmheatandcoolinc.com
B&W Heating & Cooling Inc.
398 Edwardsville Rd • Wood River, IL 62095
bwheatcool.com
618-632-1180
[email protected]
E LEC TRI C A L & PLUM B I N G
Edwardsville Plumbing & Heating Inc.
#2 Schwarz St Plaza • Edwardsville, IL 62025
618-692-4144
edwardsvilleplumbing.com
Bickle Electric Contracting Co. Inc.
#28 Mechanical Dr. • East Alton, IL 62024
bickleelectric.com
618-632-1180
[email protected]
L A N DS C A PE & L AWN C A RE
Stone Landscaping
6378 Quercus Grove Rd
618-779-4666
[email protected]
stoneslandscaping.net
TurfGator Lawn Care
P.O. Box 27 • Lebanon, IL 62254
turfgator.com
The Pest Guys
P.O. Box 27 • Lebanon, IL 62254
thepestguysllc.com
OTHER
Johnson's Roofing
5 Pioneer Trail • Glen Carbon, IL 62034
AJD Landscaping
906 Vandalia • Collinsville, IL 62234
618-530-7135
[email protected]
ajdlandscaping.com
Green Builder® Coalition
(618) 791-6468
[email protected]
greenbuildercoalition.org
Total Quality Lawncare
& Landscaping LLC
2749 Lake Luceine Dr • Belleville, IL 62221
totalqualitylawncare.com
Ala Carte Home Design
6068 N. State Rt 159
314-374-3379
[email protected]
alacartehomedesign.com
American Turf & Landscaping
8041 Austin Dr • Troy, IL 62294
618-593-4055
[email protected]
americanturfandlandscaping.com
Looking to make
improvements to your
home or build a new home?
Browse through the Build
It listings for assistance on
your next project.
Build It With
Bowl for Kids Sake Employees from
TheBANK of Edwardsville took part in
the annual Big Brothers Big Sisters Bowl
for Kids Sake at St. Clair Bowl in Fairview
Heights, raising more than $2500 for the
organization in the process.
Parker, Waters graduate from
IBA’s Future Leaders Alliance
TheBANK’s Cody Parker, Security/Fraud
Analyst, and Matt Waters, AVP/Retail
Banking Area Sales Manager, graduated
from the Future Leaders Alliance offered
through the Illinois Bankers Association
and were honored at the recent IBA
conference in March. The 13-month FLA
program is dedicated to enhancing the
professional development of promising
bank leaders through education,
community service and networking.
12 l TheQuarterly
TheBANK Fairmont City East Egg
Hunt Bank volunteers participated in
the annual Fairmont City Community
Easter Egg Hunt on Saturday, March 26.
Hosted by the Village of Fairmont City,
Latino Roundtable of Southwestern
Illinois and the Fairmont City Library
Center, TheBANK was one of the
sponsors that handed out various
Easter egg prizes. TheBANK also had
a face painting station with its own
talented artist, Geli Huskamp, charming
the children with her artistic designs.
American Red Cross Blood Drive
on March 29 TheBANK hosted an
American Red Cross Blood Drive at our
Main Office to help make a difference
in the lives of others through blood
donations. Our next blood drive is
Sept. 7 from 10 am to 2 pm. If you are
interested in donating at our drive,
you may sign up on the American Red
Cross website at redcross.org.
Anna Sahrhage presents at Foxes
Grove TheBANK’s Fraud Investigation
Manager, Anna Sahrhage, recently
spoke to the residents of Foxes Grove in
Wood River. Her presentation covered
the topics of identity theft and how
to avoid financial scams. Did you
know that most scams go unreported
because of shame or embarrassment?
Scam artists will rush you, insist on
secrecy, pressure you, or require a
payment up front. They make you feel
that it’s important to act immediately.
Ask for time to think about the
situation before you make a decision,
then talk it over with family, friends or
your personal banker. Anna is part of
TheBANK’s Speaker Bureau that visits
local organizations on the behalf of
TheBANK. If you would like her to speak
to your organization, please contact her
at [email protected].
Tina Fromme earns 5 Star Award
Tina Fromme, of The Investor Group
at TheBANK, recently earned the Five
Star Award from Five Star Professional
for her personal, comprehensive
work with clients. It was the second
straight year Fromme has earned the
award. Five Star Professional provides
localized, independent research on the
performance of service professionals
who
provide quality service to
clients. No more than seven percent
of service professionals in a given
market qualify for the Five Star Award,
which is based on client surveys, as
well as feedback from industry peers
and leaders. Research results undergo
a thorough regulatory review and
are presented in city and regional
magazines in more than 45 markets
across the United States and Canada.
Mike Cruz a panelist TheBANK’s
Digital Marketing Officer, Mike Cruz,
was part of a panel discussion on
“How Community Banks Can Win
With Millennials” recently at the
American Bankers Association National
Conference for Community Bankers.
Bank leaders across the country came
together at the JW Marriott Desert
Springs Resort in Palm Desert, CA., to
attend the conference. Along with
Cruz on the panel was Gremlin Social
Media CEO Chris Moloney and David
Stillman, generations expert, founder
of GenZGuru and best-selling
author, who also moderated the
panel. “Right now, Millennials are
looking for a partner they can trust
as they travel the road of financial
success,” said Cruz. “It’s a perfect
opportunity for community banks
like TheBANK of Edwardsville to
begin building fruitful, long term
relationships with them today.”
TheBANK named Affiliate of
the Year by GGAR TheBANK
of Edwardsville’s Mortgage Loan
Department received the Affiliate of
the Year award at the Greater Gateway
Association of Realtors’ annual awards
banquet recently. The Affiliate of the
Year award goes annually to an affiliate
member for their exemplary business
experience, conduct, civic activity and
work with realtor members to assist
the consumer in fulfilling the
American dream of homeownership.
Pictured below, from left, are: John
McDole, Mortgage Loan Originator at
TheBANK; Tammy Owens, President
of the Greater Gateway Association
of Realtors and owner of RE/MAX
ALLIANCE; and Jack McDole, Mortgage
Loan Originator at TheBANK.
The Meredith Minutes
Mark Meredith, CFP®, is a Financial Consultant
who has been in the industry since 2010 and
with The Investor Group at TheBANK since 2011.
How to Find a Good Financial Planner
A financial planner can be of tremendous
assistance to a family with no knowledge, time
or interest to take care of their own finances.
Although, not every person that hired a
professional advisor has ended up in better
circumstances. Off the top of my head I can name
several groups of investment clients who were
worse off with professional advice. They were
customers of Bernie Madoff, Charles Ponzi, Sir
Allen Stanford, and the guy from The Wolf of Wall
Street (Tip: if you are still getting cold calls for
great investment ideas, lose the landline!).
14 l TheQuarterly
One problem with the investment
industry is many consumers have no
idea what to look for in a financial
planner. Is it the lowest fees? The
person with the most experience?
The firm with the best historical
performance? The guy with the
longest eyelashes (I win)? The skillset
of professionals in this industry varies
widely, just like most other industries.
The challenge for the consumer is
quantifying that skillset and comparing
it to others. Seeking a qualified
professional should not be a topic that
is taken lightly, considering they will
be helping manage your life savings.
The purpose of this article is to outline
a few key characteristics people should
look for before hiring someone, also a
few things to avoid.
Here are some BAD ways to find professional advice:
n
n
Attend every free lunch seminar invitation you receive to
learn about ways to capture the upside of the market with
no downside. I have noticed these types of meetings are
usually centered around insurance products that pay the
advisor/insurance agent big commissions (Hint: Search
“Dateline NBC Annuity Seminars” on Google to find out more).
Interview different advisors and compare the investments
that each recommend based off historical returns. Anyone
can pick the best investments of yesterday, you just need
a database. What matters is who has a good plan going
forward. (Hint: Search Google for the “S&P SPIVA Scorecard”
to see lack of consistency in investment outperformance).
n
Go with the advisor who says there is no cost, it’s all free!
(People do believe that sometimes).
n
Subscribe to investment newsletters for stock tips.
n
Invest with the advisor who came and knocked on your
door, and everyone else’s in the neighborhood. (An
overpriced vacuum cleaner is one thing, but managing your
retirement accounts? No way!)
n
Invest with your friend/family member who does
investments as a hobby (this always makes me cringe, but it
does happen).
n
Go with the firm offering an insanely high income yield
on their portfolio. (Hint: Yield does not equal return). If
you have an investment at $10 a share that yields a 15%
dividend but the share price drops to $8, now what is
your return?
Here are some GOOD ways to find
professional advice:
n
Looking for a CFP® professional is a good start. It shows
a high level of competence in the financial planning
areas. Although, there has been many people with
this designation who have proven to not be very good
advisors I think it increases your odds of finding a good
comprehensive planner.
n
Go to www.finra.org and type your prospective advisor’s
name into BrokerCheck to see if there have been any formal
complaints against him or her. (Hint: type my name in and
you will see my prestigious list of high school/college summer
jobs including Fournie Farms, Splash City, and Rural King).
n
Find someone who has a process for their investment/
financial planning decision making and is very
transparent on expenses you will be charged. What drives
their decisions to buy or sell an investment? What will it
cost you in expenses and taxes to make a transaction? An
advisor should always focus on your net return after taxes
and expenses are taken into consideration.
n
Ask about their background, what did they study in
school? Why did they get into finance and what makes
them qualified? (Hint: Passing the securities licensing exams
isn’t very hard). Would you want to invest with someone
who just recently earned their securities licenses and has
a bachelor’s degree in Biology? I wouldn’t. This type of
information is usually sent out annually regarding your
advisor in the “brochure supplement.”
n
Ask about the firm the advisor works for and what they
will able to do for you. Can they handle trust services,
business retirement plans, insurance recommendations,
review tax returns, offer advice in every area of your
financial picture, and manage several account types in the
most tax efficient manner? Or will you just be plugged
into a model portfolio like all of their other clients with
tax efficiency ignored?
n
Ask the advisor how they will be paid for their work. It will
not offend anyone, and if something sounds fishy I would
get it in writing.
I think one of the most important traits to look for in an
advisor is the passion they have for their career. Someone who
is constantly staying up-to-date on capital markets theory and
financial planning strategies will probably do a better job for
you. Sometimes advisors who have been around quite a while
are complacent in the way they do things, and are hesitant to
make changes. Luckily, I work with several advisors who are
passionate like me and we are constantly seeking to improve
the value we can provide our client base.
This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Mark
Meredith and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not
guarantee that the foregoing material is accurate or complete. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and
time horizon before making any investment. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Be sure to contact a qualified
professional regarding your particular situation before making any investment or withdrawal decision. Diversification does not ensure a profit or guarantee against
a loss. Raymond James and its advisors do not offer or legal advice or services. Please note, changes in tax laws may occur at any time and could have a substantial
impact upon each person’s situation. While we are familiar with the tax provisions, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal
matters. You should discuss tax or legal matters with the appropriate professional.
16 l TheQuarterly
The Digital Age
What’s This
Computer
Chip Doing
in My
Credit Card?
(FDIC Consumer News)
You may have recently received a new credit or debit card from your financial institution and
noticed that it contains a computer chip. If you don’t have a chip card yet, though, you can
expect to receive one in the near future. What does the transition to chip cards mean for you?
A microchip makes it less likely
your payment card will be used
for a fraudulent transaction
in person, such as at a store.
“Compared to the magnetic stripe
cards that we are accustomed to, it is
much more difficult for criminals to
create fraudulent cards that contain
microchips,” said Jeff Kopchik, a Senior
Policy Analyst at the FDIC. “Many
European countries have been using
chip cards for several years, and fraud
rates for in-store transactions in those
nations have declined significantly.”
Why is the chip card more effective
in preventing the use of fake cards?
“The chip will change the encrypted
numbers for every transaction to ensure
the authenticity of the card each time
it is used,” added David M. Nelson, an
FDIC Examination Specialist. “Hackers
trying to get chip card authentication
numbers are chasing a moving target
that will be useless to them.”
You still need to be on guard
against fraudulent purchases
made with your card online,
over the telephone or by mail.
Unlike with in-store transactions, there
is no card-reading device receiving
the secret, one-time authentication
code from the microchip that verifies
the card’s authenticity. Kopchik said
this largely explains why there was a
significant increase in online card fraud
in Europe immediately after chip cards
were introduced.
What can you do to protect yourself?
As with any credit or debit card,
monitor your account on a regular
basis and report unauthorized
transactions to your financial
institution as soon as possible. If
your chip card is used in a fraudulent
transaction, your liability will be limited
by federal rules. Also under the rules,
your card is considered stolen if a
hacker steals your account
information electronically.
You may need to begin using a
PIN for credit card transactions.
While chip cards are most effective
against counterfeiting, they provide
less protection if your chip card is
stolen and used by a thief in person
at a store or other business. To
provide further protection in these
circumstances, many chip cards will
require the user to enter a personal
identification number to authorize
a transaction. This is similar to what
debit card users have done for years.
Expect to find a different type of
card payment terminal at stores.
Initially, your chip cards
will probably also have the
conventional magnetic stripes
on the back. This will allow you to
use the card at merchants that have
not yet upgraded to the new payment
terminals. “Your new chip card may
take some getting used to, but the
added security is well worth the
effort,” added Kopchik.
The microchip simply contains
the same personal information
that is printed on the outside
of the card. Nelson noted that
the chip in the card contains no
personal information about the
cardholder other than his or her name
and account number, which also is
the same as what is stored on the
magnetic stripe.
If you are planning to visit
Europe, you may want to request
a chip card from your financial
institution. That’s because many
European merchants no longer
accept magnetic stripe cards.
You may already have noticed these
new terminals at a few large stores.
With some of them, the chip card is
inserted into the terminal, similar to
an ATM. “Just make sure you don’t
get distracted, leave your card in
the reader and walk out of the store
without it, which people have been
known to do,” warned Nelson.
COMMERCIAL CONCEPTS
CREATING A
DISASTER
RECOVERY
PLAN
Recent terrorist activities
Summary
n
n
n
and natural disasters have
prompted organizations to
review their plans for handling
different types of emergencies.
Being prepared for any type
of natural or man-made
n
disaster makes good business
sense. Here are some ideas
n
to consider for handling an
emergency that make good
Store a copy of all computer
operating system and important
files off site.
Back up critical data on a regular
basis and rotate storage disks
(floppies, CDs, tapes) to an
offsite location.
With many programs having a
“remember this password” feature, it
can be easy to lose track of passwords
(and IDs) used for different systems.
Writing down passwords is not
advisable for security purposes so be
sure there is more than one trusted
employee who can reset passwords
for key systems.
For important financial records like
balance sheets, income statements
and tax returns, keep a copy in a
secure location.
Keep copies of critical contracts,
licenses and operating agreements
off site. Don’t forget to update these
off site materials regularly.
common sense.
Physical Assets
n
n
18 l TheQuarterly
Keep an updated inventory of all
equipment and other fixed assets.
This should include identification
numbers, costs and locations.
Make sure all physical assets are
adequately insured.
Useful Information
Keep a file of contacts, phone numbers
and email addresses off-site. In an
emergency, being able to contact
employees, vendors and customers is
critical. Be sure to include office and
mobile numbers, as well as
email addresses.
Communication Plan
It is important to have a plan outlining
how to contact critical parties. Specific
people should be assigned to handle
specific contacts—employees, vendors,
customers and others. You may also
want to have a designated media
contact. In the confusion of a disaster,
it is critical that accurate and consistent
information is made available.
Summary
Common sense, a well thought-out
plan and remaining calm are some of
the key ingredients for successfully
dealing with an emergency. Make sure
you and your business are prepared for
whatever the future holds.
Grilled Pork Steaks
Coleslaw
Ingredients
1 pkg Pork Steaks
1/2 tsp Seasoning Salt
1/2 tsp Garlic Powder
1/2 tsp Onion Powder
1/2 tsp Black Pepper
Sauce
1 lrg
1
1 can 1 Tbls Like Memphis, Texas and the
Carolinas, St. Louis is renowned
for its own style of barbeque. And
nothing speaks to this distinction
more than the pork steak. A
signature St. Louis cut from the
pork shoulder that isn’t readily
available outside the Midwest, pork
steaks are a rite of passage for area
grillmasters and backyard barbeque
aficionados. Of course, nearly
everyone who fires up a grill in the
St. Louis area has their own “special
method” of cooking pork steaks.
The following recipe is just one way
to go about doing it, along with a
few sides to serve with the steaks.
bottle Maull’s Barbeque Sauce (a St. Louis original)
Onion, skinned & halved
Beer
Yellow Mustard
First, get the sauce cooking on the
stove by combining the Maull’s, onion,
beer and mustard in a large pot and
turning the heat to low. While the
sauce begins to simmer, heat your grill
to high and move on to preparing the
meat. Combine all the spices to make
a rub, and season the pork steaks well
on both sides. Once your grill is up to
temperature, grill the pork steaks. Be
careful, however, because the steaks
tend to create big flareups. If flareups
cause some charring, it’s not a big deal.
We’ll take care of that in the next step.
Once the pork steaks have a nice crust,
transfer from the grill to the sauce pot
and let simmer in the sauce until fork
tender before serving.
1 c
1 c
1/2 tsp 1 med
1 lrg
1/2 c
1/2 c
1 med
1 tsp Sugar
Vinegar
Celery Seeds
Cabbage, shredded
Carrot, shredded
Green Pepper, chopped
Sweet Red Pepper, chopped
Sweet Onion, finely chopped
salt
You can make this days in advance or
before starting the sauce for your pork
steaks. Stir together first 3 ingredients
and 1 cup water in a saucepan; bring to a
boil over high heat, stirring occasionally.
Boil 1 minute. Cool completely (about
30 minutes). Stir together shredded
cabbage and next 5 ingredients in a
large bowl. Pour dressing over cabbage
mixture; toss gently.
Root Beer Baked Beans
3
1 sm
2 cans
1/2 c
1/4 c
1/2 tsp
3 dashes Bacon slices
Onion, diced
(16-oz) Pork and Beans
Root Beer (not diet)
BBQ Sauce
Dry Mustard
Hot Sauce
Cook bacon in a skillet over medium
heat until crisp; remove and drain on
paper towels, reserving 2 tablespoons
drippings in skillet. Crumble bacon.
Sauté diced onion in hot bacon
drippings in skillet over high heat 5
minutes or until tender. Stir together
onion, crumbled bacon, beans, and
remaining ingredients in a lightly
greased 1-quart baking dish. Bake
beans, uncovered, at 400° for 55
minutes or until sauce is thickened.
convenient 21
locations}
Banking Centers and ATM Locations
n
Main Office • 618/656-0057
330 W. Vandalia • Edwardsville, IL 62025
Alton Center/Northport • 618/467-6700
4415 Martin Luther King Dr. • Alton, IL 62002
n
Belleville Center • 618/234-5690
5720 W. Main St. • Belleville, IL 62226
n
Belleville Center • 618/257-0499
360 S. Green Mount Rd. • Belleville, IL 62221
Glen Carbon Center/Rt 159 • 618/288-4200
4200 S. State Rt. 159 • Glen Carbon, IL 62034
n
Granite City Center/Nameoki Rd.•618/877-5111
3830 Nameoki Rd. • Granite City, IL 62040
n
n
n
Granite City Center/Maryville Rd. •618/797-0997
3502 Maryville Rd. • Granite City, IL 62040
n
Highland Center • 618/654-5414
100 Suppiger Ln. • Highland, IL 62249
n
n
Bethalto Center • 618/377-6000
102 E. Bethalto Blvd. • Bethalto, IL 62010
O’Fallon Center • 618/622-5440
1177 N. Green Mount Rd. • O’Fallon, IL 62269
n
Clayton Center • 314/797-6800
7700 Bonhomme, Ste. 100 • Clayton, MO 63105
n
Collinsville Center • 618/344-6100
101 S. Morrison • Collinsville, IL 62234
n
Cougar Banking Center • 618/655-0780
SIUE Morris Univ. Ctr. • Edwardsville, IL 62025
n
Edwardsville Center • 618/656-1917
2004 Troy Rd. • Edwardsville, IL 62025
n
Fairmont City Center • 618/857-5400
2870 N. 44th, Ste. 1 • Fairmont City, IL 62201
n
ATM Locations
n
Pontoon Beach Center • 618/797-5111
5111 State Rt. 111 • Pontoon Beach, IL 62040
n
St. Louis Center • 314/966-2600
4700 S. Lindbergh Blvd. • St. Louis, MO 63126
n
Swansea Center • 618/222-1019
3685 Sullivan Dr. • Swansea, IL 62226
n
Edwardsville Shop ‘n Save
2122 Troy Rd. • Edwardsville, IL 62025
Route 157 & Beverly Lane
Rt. 157 & Beverly Ln.
Collinsville, IL 62234
n
Route 157 & Glen Carbon Road
Route 157 & West Main
Glen Carbon , IL 62034
Lewis and Clark
Community College
Commons Building
5800 Godfrey Rd • Godfrey, IL 62035
n
Broadway & Olive Street
Broadway & Olive St.
Highland , IL 62249
n
n
Anderson Hospital Route 162
6800 IL-162 • Maryville , IL 62062
Troy Center • 618/667-6702
507 Edwardsville Rd. • Troy, IL 62294
n
Wood River Center • 618/258-0300
1153 Vaughn Rd. • Wood River, IL 62095
n
Glen Carbon Center/Rt 157 • 618/288-9950
2142 S. State Rt. 157 • Glen Carbon, IL 62034
n
For Informational Purposes Only
No Obligation of Service Required
* Accounts for young adults under the age of
18 require parental authorization.
618-656-0098 / 1-888-70-MAGIC (outside local calling area) / www.4thebank.com

April l May l June 2016

Transcription

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