Business Tips & AdviceALL TOPICS

Written by James Papajesk, EVP & Chief Credit Officer of 1st State Bank   Starting a small business can be stressful, but at the same time a rewarding venture.  It requires careful planning, and, in this article, I will discuss some of the steps to help you navigate the process. Step 1 – Define Your Business:  Begin by cultivating business […]

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 in your community can give […]

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 through the sale of your […]

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 exceeding 8%, which is significantly […]