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The Honor State Bank
     Business Advisor 
February 2010
In This Issue
Community News
Conquering Your Email Inbox
Community News
 
Honor State  Bank  Announces New Board Members
 
 Jim Dagwell

Ann K

 Matt Case
 
Matt Case

 

Honor, Michigan - Honor State Bank is proud to announce two additions to the Bank's board of directors.

 

Jim Dagwell and Matt Case have joined with other board members to lead Honor into an exciting new phase in the Bank's growth.

 

Matt Case has been an active member of the northern Michigan real estate industry since 1998. He is currently the Director of Support Services for the Coldwell Banker Schmidt real estate group, based in Traverse City, Michigan. He also serves as a director for the District II Director for the Michigan Association of Realtors, and is a past president and a charter member of the Benzie Sunrise Rotary Club.  A resident of Beulah, Matt is married and has three young sons.

 

"Matt's wealth of expertise in business and real estate are wonderful additions to our Board's composition," says Mike Worden, CEO of Honor State Bank. "As someone who knows and cares a lot about northern Michigan, he shares our Bank's strong ties to the local community."

 

Jim Dagwell is co-principal at Traverse Tax & Accounting, Inc. - TTA serves the Grand Traverse area with paperless and traditional accounting, tax preparation, payroll processing and business consulting.  Jim also has extensive industry experience in healthcare pharmaceuticals, manufacturing, insurance, and office products.  He currently serves as a Director on Boards for the Traverse City Chamber of Commerce and the March of Dimes.

 

"Jim brings a broad range of professional experience to our Board," says Mike Worden, CEO of Honor State Bank. "He will help us in our quest to remain on the forefront of customer-friendly products and conveniences."

About Us
 
Positive Economic News 
  
Retail Sales Rise Brightens Recovery Picture
 
WASHINGTON (Reuters) - Sales at U.S. retailers were unexpectedly strong last month, suggesting consumers were feeling a little more comfortable to spend and improving prospects for first-quarter economic growth.

Read the full story HERE.

  
Jobless Claims Drop Raises Hope on Recovery
 
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for unemployment benefits tumbled last week, welcome news for a White House that is predicting an average of 95,000 jobs a month will be created this year.

Read the full story HERE.

Work Smart: Conquering Your Email Inbox

 
How many messages are in your email inbox right now? A few dozen? It's probably more like a few hundred, or even a few thousand. We all get too much email.
 
A 2008 survey at Intel showed employees receive 350 emails per week on average; at Morgan Stanley, employees get 625 new messages per week. Executives' incoming email volume was much higher. In some cases, workers spent 20 hours a week just dealing with email.
 
Getting through all those messages every day isn't easy. Certain kinds of email are harder to deal with than others--the ones that require you to check your calendar or look up more information, type a lengthy explanation, or make a tough decision. It's easier to procrastinate and leave those messages in your inbox when they mean work you weren't planning to do right away. But new messages just keep piling onto old ones like a game of Tetris you're about to lose.
 
Start using your email inbox like your postal box: empty it, every single time you check it. It's not that hard to do. If you get into the habit, you'll feel on top of your game like never before.
 
The key is to train yourself to make an on-the-spot decision about what you need to do with an email message--and put it in a place where you know you'll get to it on time. You don't need a complicated filing system. There are only three kinds of email messages: stuff you need to do, stuff you're waiting on, and stuff you might want to refer to later. Make three folders in your email program: To-do, Reference, and Wait. (In the screenshots here we're using Microsoft Outlook, but this system works in any email program.)

Full Story >>

Business Owners Are People Too!! 

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* Certificate of Deposit (CD) and Individual Retirement Account (IRA) available only for personal accounts up to $250,000 to consumers in Benzie, Grand Traverse, Leelanau, Manistee, Mason and Wexford counties.  The annual percentage yield is effective February 22, 2010 and requires a minimum opening balance of $10,000.00.  Deposit of $1,000 to $9,999.99 pays 0.90% APY (15-Month) and 2.40% APY (45-Month).  Deposit accounts FDIC insured up to $250,000 through December 31, 2013.  Retirement accounts FDIC insured separately up to $250,000.  The 15-Month converts to an 18-Month.  The 45-Month converts to a 42-Month.  Penalty for early withdrawal.
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