Client Pictured:
Alexander Haas

 Pictured above: David King, President and CEO of Alexander Haas, his wife, Holly King, and their banker, Lora Fishman, SVP.  

 

 Alexander Haas is a leading fundraising consulting firm that helps non-profit organizations to expand and enhance their fundraising programs to achieve their missions. The firm has provided fundraising counsel and conducted successful campaigns for nearly 1,000 organizations across the country, including museums, colleges, schools, cultural organizations, churches, and hospitals.


Visit Alexander Haas' website: fundraisingcounsel.com.

 

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Popmoney:  
The fast way to send money online - to anyone!
Popmoney
Popmoney is a fast and secure person-to-person payment service that lets you send money to another individual's bank account through ACB's online bill pay service.  Use Popmoney to reimburse a friend for dinner, send money to a child at college, or pay a babysitter.
 
To learn more, visit atlcapbank.com/popmoney
 
Pam Simon
joins ACB as SVP of Corporate Banking
  
Atlantic Capital Bank is pleased to welcome Pam Simon to the Corporate Banking Team. Pam has 30 years of banking experience and joins us from RBC Bank/PNC. Please contact Pam at 404.995.0221.
 
Catch us on WSB
 Atlantic Capital Bank sponsors the Closing Bell report on WSB radio (95.5FM and AM750). Listen at 6pm weeknights to hear a message from Doug Williams and other members of the Atlantic Capital Bank leadership team.
 
Contact Us
Atlantic Capital Bank
3280 Peachtree Road NE
Suite 1600
Atlanta, GA 30305
404.995.6050
atlanticcapitalbank.com

Atlantic Capital Bank's eNewsletter

Third Quarter, 2012

Economic and Business Outlook
by Doug Williams, President and CEO of Atlantic Capital Bank
Doug Williams

Douglas Williams,

President and CEO of Atlantic Capital Bank

 

The current pace of economic recovery is lethargic and likely to remain so in view of prevailing uncertainties.  In the US, new jobs are in short supply and labor force participation rates are declining.  The manufacturing sector has contracted, exports are sluggish, and services sector expansion is languid.  Abroad, growth of the Chinese economy has slowed and major European economies are vulnerable to recession and financial crisis.


Given this perspective, consumers are reluctant to spend, business managers are hesitant to build or hire new capacity, and investors see meager return potential for taking greater risk.  Without more confidence in the future, those who create economic growth will stay on the sidelines.


Historically, fiscal and monetary stimuli have been effective tools for priming the growth pump and changing the prevailing economic psychology.  However, despite significant government spending and substantial monetary accommodation over the last three years, the vast majority of Americans are pessimistic about the future.


Election year political realities ensure there will be no action on the looming fiscal cliff until the government is in the midst of an acute budget and debt crisis early next year.  At that point, the solutions developed could be dramatically different depending on the outcome of the presidential and congressional elections.  In any event, the government has very limited capacity for fiscal stimulus, and measures to increase tax revenues may be counter-productive. 


The Federal Reserve has signaled the possibility of additional monetary accommodation with lower interest rates and greater market participation.  However, the efficacy of additional action is uncertain.  Further, some economists credibly argue that more monetary stimulus will stoke inflation and damage the long term potential for sustained economic growth.


It seems to me that the only potential catalyst to change the prevailing uncertainty is a new mind-set in Washington, regardless of which candidates win in November.  We need leaders with the political courage to urgently address our very real problems with practical solutions.  Then, with confidence in the future, consumers will spend, business managers will begin to expand, and investors will take risk.  The result will be a growing economy with benefit for all.

 

Client Spotlight: E4E Solutions
A design engineering firm

 

E4E Solutions
e4esolutions.com

When companies around the world look for a design-build firm that can help them reduce energy costs while improving both process efficiency and energy efficiency, they look no further than E4E Solutions.

 

E4E Solutions is a design engineering firm in Atlanta, GA that specializes in the development, design, engineering, and implementation of innovative solutions to save energy, reduce operating costs, improve building performance, and help the environment. E4E's experienced team develops and implements energy saving projects for commercial, industrial, institutional and government clients around the world. Their client list includes companies and organizations of all sizes and types - from MillerCoors, Alcoa, and GM, to the Army and Air Force Exchange Service (AAFES) and Georgia Tech.

 

Why Atlantic Capital Bank?
"We've been in business for over five years," said Josh Long, President and CEO of E4E Solutions. "E4E has grown quickly, and we felt the need to begin a relationship with a large or mid-size bank that could handle our more complex banking needs, like credit solutions and international banking. Most importantly, we were looking for a banking relationship. My team and I wanted to work with a bank that would take the time to understand our business, respond quickly, and deliver results. We spoke with several banks, but finally ended up choosing Atlantic Capital after they exhibited responsiveness, professionalism, and the desire to help us continue to grow our business. We've found a great banking relationship with Atlantic Capital Bank, and it's apparent that they value us as a client."  

 

To view more Atlantic Capital Bank client stories, please visit atlcapbank.com/clientstories

Preventing Corporate Account Takeover
by Kurt Shreiner, EVP of Corporate Financial Services
Kurt Shreiner
Kurt Shreiner,

EVP of Corporate Financial Services

 

For years consumers have been warned about the growing issues of identity theft and fraud. No one wants to face the trials and tribulations of regaining their identity once it has been compromised. The path to restoring a credit rating and hitting the reset button on your personal finances is time consuming and arduous. 


Now corporations and small businesses face a similar challenge as corporate account takeover is on the rise. In general terms, corporate account takeover occurs when the access and sign-on credentials to the company's on-line banking have been stolen. With the stolen credentials, cyber criminals can impersonate the account owners, transfer money out of a company's accounts, issue counterfeit checks, and make other devastating account changes.


Preventing corporate account takeover should be a priority for any businesses. The National ACH Association, NACHA, and other treasury organizations recommend a number of simple steps that can protect your company from this form of theft:


1. If you are conducting company business using a mobile device, tablet, or laptop, avoid using public WiFi networks.


2. Maintain robust security software on all company computers and laptops.


3. Protect log-on credentials and passwords. Do not write your passwords on a post-it note for the world to see. Protect your credentials as you would your social security number.


4. Maintain dual controls over online banking functions.


5. Reconcile and monitor activity in bank accounts on a daily basis.


6. Report any suspicious activity immediately to your bank.


It is important to remember that corporate account takeover takes place when the company is compromised, not the bank. In most cases the bank will not be aware of an issue until notified by the client.

 

Maintaining vigilance and incorporating the appropriate financial processes and controls are no longer best practices in today's world. They are essentials. All companies, large or small, must be on the lookout for suspicious behavior or transactions in order to avoid financial loss.  

Atlantic Capital Bank

atlanticcapitalbank.com

Member FDIC, Equal Housing Lender