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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 […]
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Our Positive Pay Service offers your business powerful fraud protection against check and ACH fraud. As business leaders/owners, we continue to face many challenges. Challenging times often are a catalyst to increased fraudulent activities, and unfortunately, statistics state that eventually every business will be impacted by fraud. At 1st State Bank, we are seeing an […]
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There is no way to deny that electronic and check fraud has become a huge issue for businesses. According to the 2018 Experian Global Fraud and Identity Report, over 65% of Businesses have experienced some form of fraudulent financial activity and U.S. Businesses will lose an average of 5% of their gross revenues to fraud. […]
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With the tax season just around the corner, we felt it was timely to share a piece of important tax information that may be of significant benefit to your company. A number of changes to employee retention tax credits were enacted under the The Taxpayer Certainty and Disaster Tax Relief Act of 2020. Changes included […]