Archive - March 2023

Life happens. And some of life’s most unexpected expenses can derail into your budgeting strategy. Fortunately, by staying engaged with your budget and being flexible, you can be prepared for those unexpected...

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Whether your financial focus is geared toward reaching a short-term goal (e.g., a vacation) or developing sustainable long-term savings habits (or both), a great way to make sure you’re on the right track is to create...

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It is tough to drive on the beltline without noticing the Don’s Home Furniture Adirondack chairs in front of their building. It’s their way of maintaining a connection to the community. 

Changing out the colors of the chairs demonstrates their support for and recognition of some of the hardships going on in the world. Pride colors for the shootings that happened in Miami, blue and yellow for the war in Ukraine, all pink for Breast Cancer Awareness Month, and blue and...

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The number of people falling victim to bank scams has continued to rise over the past few years and shows no signs of really slowing down. In 2021 alone, the FTC estimated that consumers lost 5.8 billion dollars to fraud, which was an increase of over 70% from 2020 numbers. The numbers are even more staggering for businesses, estimating that, globally, companies lose about 5% of their total revenue every year due to fraud. Here at Park Bank we want to make sure that you are well educated on what...

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As you’ve probably heard, news recently broke that Silicon Valley Bank (SVB) the country’s 16th largest bank; failed. This represents the largest bank failure since the 2008 financial crisis, and the second largest bank failure in United States history.

Many clients and the general community may be asking questions on what this means for The Park Bank, and in particular “are my deposits safe?” What happened was a unique situation. Deep concentrations in the technology...

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