Blogs

Protecting your business from increasingly sophisticated fraud tactics is a challenge, especially in the continuing remote and hybrid working environment. As businesses have evolved their payment strategies and operational controls in this “new normal”, fraudsters are adapting to take advantage of vulnerabilities created in this changing landscape. Our bank experts share shifting fraud trends in the payment environment, fraudsters’ evolving sophisticated tactics, common types of fraud that may impact your business as well as best practices and steps you can take to mitigate risk and protect...

With ongoing supply chain constrictions, international conflicts, and the resulting inflationary prices and potentially rising interest rates, it is an understatement to call the economic environment uncertain. As a result, it’s prudent to consider expanded investment options and seek wealth-management advice. The Federal Reserve is expected to increase rates in March to combat inflation, yet the Russian invasion of Ukraine may change its calculations in the event of a potential worldwide energy shock. Given these uncertainties, however, it’s still safe to say that the Fed is shifting policy...

This lumber company is a 115-year-old family-owned company with 24 locations across three states serving everyone from large-scale contractors to DIY homeowners. This company needed more than what most banks can provide. “They’re good people who want to help us grow our business, and we appreciate that.” - President and CEO, Lumber Company President and CEO, “In our industry, payment terms are tight and margins are tighter—maintaining healthy cash flow can be a challenge. We knew solutions to our problems existed, and our bank was able to offer them”. After taking the time to develop a deep...

Is just-in-time manufacturing entirely to blame for the shipping crisis and ongoing supply chain issues? Experts seem torn on the matter. Ailing after World War II, Japan set its sights on rebuilding its industry sector with some help from its friends in the West. For the next 30 years, they experimented with different ways to utilize cash flow, real estate, labor, and resources to maximize profits. Then, Toyota pioneered the first iteration of just-in-time (JIT) manufacturing: the practice of making products to order, instead of managing an unwieldy inventory. Also sometimes referred to as a...

With more than an estimated 200,000 jobs to fill (and more to come), nursing home and ALC staff have every opportunity at their disposal to find a new position. Almost every operator you speak with will tell you recruitment and retention is one of their biggest challenges in today’s labor market, if not the biggest. That's why Skilled Nursing and Senior Housing operators must implement strategies to ensure the right staff is in place to deliver quality patient care. Covid-19 highlighted the importance of nurses more than ever before. As cases, hospitalizations, and deaths spiked in every city...