Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.


Take Charge of Your Cyber-Security in 2016

By Denise Maines, Salin Bank Security Officer on January 20, 2016

Fraud. It’s just a five-letter word, but it can wreak a lifetime of financial and emotional havoc on consumers and business owners alike. 
 
Thanks to new innovations in technology, today’s cybercriminals are more sophisticated and daring than ever.  Stories of “data breaches” are now common fodder in the news. And no industry is immune. Recent scams have affected healthcare providers, higher education, government, financial firms, telecommunications, automotive dealers, and large retailers. 
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Plan B: Don’t Wait for Disaster to Strike

By Jeff Binkley, Vice President - Director of Information Technolog on December 7, 2015

The growing prevalence of cyber-attacks and weather-related disasters such as hurricanes, earthquakes - and, closer to home in Indiana, tornadoes - are a constant reminder of the need for businesses to have a disaster preparation and recovery plan in place in the event the unexpected becomes reality.
 
This is especially true of financial institutions whose existence is dependent on the availability of computer systems and data. If disaster strikes, banks must be prepared to provide their customers with an immediate response and critical information.
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Trusts: Why Set One Up?

By John Coughlin, Vice President, Wealth Management Business Development Officer, Salin Bank on November 16, 2015

You don’t have to be Warren Buffet to need a trust. A trust is an excellent way for many people to protect the assets they’ve worked so hard to build and to ensure those assets pass on to the people or organizations of their choosing. The challenge is determining what kind of trust to establish.
 
In simple terms, a trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. There are many different types of trusts, each with its own benefits and sometimes potential pitfalls. Below are some of the more common trust options:
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How to Get the Perfect Commercial Loan for Your Business

By John Belden, SVP, Central Indiana Market President, Salin Bank on November 9, 2015

A commercial loan can be the life blood of a business, providing the means to take you to the next level of success. Securing a business loan can be challenging, however, whether you’re an entrepreneur or an established business.
 
So what do lenders look for when deciding to fund a business? There are a myriad of factors that make up the “ideal loan application,” but the following tips may help you get off to a winning start.
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Lessons Learned From the Lamar Odom Case

By Bill Varanka, Vice President, Wealth Management Business Development Officer, Salin Bank on November 2, 2015

The recent medical crisis involving former NBA basketball star Lamar Odom offers a valuable lesson on the importance of estate planning - and what can happen if you fail to update key legal documents.
 
As most of the world knows by now, Odom was in a coma for four days after being found unconscious in a Las Vegas, Nevada, brothel on Oct. 16.  Details would later emerge that Odom’s estranged wife, reality TV star Khloe Kardashian, had become the person in charge of making decisions about his health care because he could not do so himself.  
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