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.

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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The New Micro Chip in Credit Cards: Is Your Business Ready?

By Gail Bradley, Senior Vice President, Treasury Management, Salin Bank on October 29, 2015

The way you use credit cards is about to change. Following several large-scale data breaches - Anthem, T-Mobile, and Target, just to name a few - along with increasing cases of counterfeit card fraud, U.S. credit card issuers are migrating to a new industry-wide technology called EMV, or Europay, MasterCard, and Visa. 

EMV technology isn’t exactly new. Most of the world, including Europe, has been using EMV cards for some time now. In the United States, the migration to EMV technology is well underway. 

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Social Media: Lessons Learned

By Jim Badger, Senior Vice President, Salin Bank on October 26, 2015

It’s no secret that social media is enthusiastically embraced by the millennial generation, but older adults, like me, are taking note as well. A new survey from Pew Research Center shows nearly two-thirds of American adults (65%) used social networking sites such as Facebook, LinkedIn, Instagram, Pinterest and Twitter, among others in 2015, up from 7% when Pew Research Center began systematically tracking social media usage in 2005. 
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