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   A quarterly publication from LCBT                                                                                               Vol 3. No. 2 - June 2012 
 
Welcome to our Business Connections eNewsletter.

We want to provide you with a great resource to help your business grow and prosper. We look forward to your comments and suggestions for upcoming issues.

Product Feature

eBusiness Checking
 

Our eBusiness Checking account is ideal for businesses, large or small with limited checking activity. Benefits of this account include free Online Banking, eStatements, and check safekeeping. With as little as $100 opening deposit you can get started processing low-volume paper transactions today. The first 100 items per month are free. Items include debits, credits and deposited items. If more than 100 items go through your account, then a $.40 per item charge would apply.  

 

We would be happy to discuss our line up of products and services to help you determine the best options for your business. View our convenient Locations and Hours.

 

Customer Spotlight
 
 
Diamond Optical

 

Diamond Optical Care, located at 76 W. Nepessing St. in downtown Lapeer, houses optician Carrie McGhee and Optometrist Michael Hendricks. The optical practice also uses an in-house lab to better serve its patients.

 

The practice specializes in offering unique eyewear with the best warranty in the area. In 2010, the boutique optical practice was bought by life-long Lapeer County resident Mark Clark. Clark is the Vice President of the Downtown Business Association and sits on the boards of the Lapeer Area Chamber of Commerce and the Downtown Development Association. It was previously owned by optometrist Michael Hendricks and, prior to that, Dr. Mackey.

 

Clark has worked with Love INC as a clearing house to offer eyeglasses to those in need in Lapeer County. He has also secured grant money to help children in the area, and has donated exams and eyewear to adults who were unable to afford eye care.

    

Office Hours:  Monday - Friday: 9:00 a.m. - 5:30 p.m.

Phone: 810.664.5929

Visit: Diamond Optical Care 

 
 

If you are interested in spotlighting your business in this section, please call Jessica at 810.538.1925 or email Business DevelopmentThis is a free service.

Money Matters

GM and Ford Pensions

  

General Motors and Ford Motor Company have recently announced an unprecedented decision regarding the future of their pension plans affecting their retirees.

Both companies will be offering lump sum buyouts to select employees in exchange for traditional ongoing monthly pension payments. For those retirees offered the lump sum cash option this may present a significant opportunity.

This decision will have a dramatic impact on the rest of your life and the lives of your beneficiaries. The implications of each option should be weighed carefully. If you decide to take the lump sum payout you will be responsible for your own financial security.

There are many things to be considered in making this decision and Lapeer County Bank & Trust Co.'s Wealth Management Group can be of assistance. Please contact one of our professionals today at (810) 245-2945 for help in evaluating the risks and opportunities of each of your options.

 

The Wealth Management Group will meet with you without obligation to provide information to assist in your decision and help prepare a customized solution.

Free Banner Ads
 

Mark Clark

 

Looking for a way to advertise your company for free?  You may have noticed that Lapeer County Bank & Trust Co. has been posting testimonial banner ads on its website.  These ads focus on specific Bank services or products you use and will run for 3 months.  When clicking on the "more" Leaf the viewer is taken to a page with the customer's testimonial.

So how do you get a Testimonial banner ad?  Call Danielle Chateauvert
 in Business Development at 810.538.1924 to set up a time to have your photo taken, sign a release, and email your testimonial to us.  It's easy & free! 

Security News 

Is it time to change your password?


The recent announcement that three popular websites (Last.fm, eHarmony.com and LinkedIn) have had password files hacked is another good reminder to check the security of your passwords.

 

If you or someone you know has used any of these sites, it's a good idea to change the password for it, along with any other site where you use the same password.

 

These three leaks are just the latest in a long line of breaches at various websites. It's a good idea to change your passwords regularly. The longer you have a password, the more chances there are that someone can crack it.

 

Here are some tips for keeping a secure password:

 

Choose a password that will be hard to crack.  Use a combination of upper and lowercase letters, as well as numbers and symbols. Avoid using names or common passwords. Hackers use dictionaries of common passwords to help them crack an account. The best password is one that isn't a real word or name. For example: BuGa1!2? is a better password than princess123.

 

Don't use the same password for all your accounts. If someone gains access to your LinkedIn or Facebook profile, it's not the end of the world ... unless that password also gives them access to your bank account or other personal information.

 

Avoid using nonsecure networks.  An unsecured connection at a café or hotel leaves your passwords and other sensitive information vulnerable to theft. Avoid using these networks as much as possible. If you do need to use an unsecured network, change your password as soon as you get back to a secure connection.

 

Store your passwords in a secure location. Whether you store your passwords on the computer or in a log book, make sure access to that information is limited.

In This Issue
eBusiness Checking
Customer Spotlight
Money Matters
Security News
Wealth Management Group

 

Announcements

 

~Closed on the 4th of July, 7/4/2012

 

~Closed on Labor Day, 9/3/2012

 

Our Ice Cream Social was a success.  We served 1500 bags of popcorn, 99 gallons of ice cream, 84 gallons of lemonade, 14.5 gallons of toppings and 4 large containers of sprinkles. Prizes
 were awarded to 46
attendees. Thank you for helping us celebrate 110 years of service to our community.

 

 

Ask Us...
Do you have questions about banking related topics?  Chances are your peers have the same questions. Submit your questions to Business Development
and we will post
Questions & Answers here each quarter.

Question:  Do I have to apply for a home loan at the main office?
 
Answer:  No.
Each of our full service offices has experienced mortgage specialists available to help you through the process of purchasing or refinancing your home.

Just for Fun   


RD Farm Comic
"Ma's been following me on the Twitter again."


Source:  Readers Digest

 

 


 

Wealth Management Group

Economic Outlook Summary

 

The U.S. economy continues to grow, but there are more signs that growth is slowing. Real gross domestic product for the first quarter was revised slightly lower to 1.9% as a result of a negative revision to inventories and an increase in imports. The rise in im­ports was partly due to recent strength in the dollar as the eurozone struggle continues. Although the economy's expansion may have slowed, it is still expanding. For example, the Institute for Supply Management (ISM) indexes for manufacturing and non-manu­facturing have both remained above the critical 50 level that indicates growth.

 

More Information

 

 

 

Toolbox Product Feature

 

 

 

 

 

  • Generate and track Quick Response (QR) codes with QRstuff.com.
     
  • Docs.google.com allows you to upload documents and then easily share or access files from other locations.
     
  • Weebly.com is the easiest way to create a professional looking website. Best of all, the basic package is free.

 

LCBT-A Proud Sponsor of the

DBA Summer

Concert Series

 

Schedule:

7/5 - Steve Farley
 

7/12 - Flint Master Singers


7/19 - Ray Champion


7/26 - Genesee Ramblers


8/2 - Copper Creek


8/9 - Chris Eilersen


More Information



Important Information

 

Lapeer County Bank & Trust Co. is pleased to provide the information contained in this newsletter to our customers seeking to gain the most value from their banking relationship with us. The content of this newsletter is not intended to be interpreted as financial advice and we encourage you to discuss your specific situation with your banker or other advisor before acting on ideas offered in Business Connections.

 

Remember Lapeer County Bank & Trust Co. will never ask you to verify or update account information or personal information via email. If you receive an email of this sort, please notify the Bank immediately at 810.664.2977 or email customerservice@lcbt.com.
 
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Thanks for Reading!
  
If this is your first time receiving the Lapeer County Bank & Trust Co. Business Connections Quarterly eNewsletter - Welcome! Business Connections is a perk for being our customer and designed exclusively for you - a business person. This newsletter will keep you up to date on things happening in the Bank and around our communities. We welcome your feedback, please send it by clicking here. For additional information on products and services visit us at  LCBT.com. 
 
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