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April 1, 2024
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: over again: anewA de novo bank is a bank that has not been acquired through purchase and is newly chartered by the Federal Deposit Insurance Corporation (FDIC).When I left the manufacturing industry and started my banking career nearly 25 years ago, there were 8,198 FDIC insured banks. At the end of 2022, there were only 4,135. From the year 2000...
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Make sure you have alerts setup at your financial institution.
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Being a trusted advisor, in any field, is a responsibility that should never be taken lightly. It’s about showing up, being present, and caring enough to make a difference!
Don't be naive - check fraud continues to be an ongoing threat and is one that's constantly evolving.
Many small businesses are unaware their LLC protections may be negated if they use business funds to pay for personal expenses!
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