2013 Holiday eNewsletter
   
Holiday Greetings
Doug Williams
Doug Williams,
President & CEO
Season's Greetings and Happy New Year to you and your family from all of us at Atlantic Capital Bank!

As I reflect on the past year, I want to thank you, our clients and friends, for making 2013 a year of growth and success for Atlantic Capital Bank. With your support, we have experienced solid expansion in all three of our business lines and have cultivated relationships with over 1100 commercial and private clients. As always, our talented team of bankers continues to work hard for you. We sincerely appreciate your partnership and look forward to being a part of your financial success in 2014.

Sincerely,
Doug Williams
President and Chief Executive Officer

2013 Economic Recap & 2014 Outlook
Rogier Kamerling

Rogier Kamerling,

SVP, Treasurer

2013 has proven to be a quite eventful year. Amidst current events like the Edward Snowden scandal and arms negotiations with Iran, businesses and investors had to navigate around a fiscal cliff, taper tantrums, new healthcare rules, and a government shutdown.

 
Despite the volatility, job growth, the catalyst for stronger demand, has continued uninterruptedly. The economy generated about 183,000 new jobs per month in 2012 and about 186,000 new jobs per month in 2013. Unfortunately, that pace has been inadequate to close the employment gap created during the recession.

  
Consumer balance sheets improved in 2013, which led to moderate increases in consumer spending. Households, in aggregate, have now surpassed the pre-recession high watermark in net wealth. However, the majority of the gains have come from financial holdings, approximately 90% of which are owned by the top 10% of earners. The average family still needs home prices to continue to rise to get back to previous net wealth levels.

What to expect in 2014
One of the key themes for 2014 will likely be the handoff from liquidity to growth-driven performance.
  
From the beginning of the recession, the Federal Reserve and policymakers have used fiscal and monetary policy liberally in an attempt to bring the economy back to its pre-recession growth trajectory. As the economy has recovered, we have begun to see a slow pullback on those policies. Earlier this year the fiscal cliff started the consolidation process on the fiscal side, and 2014 is likely to bring the beginning of the consolidation process on the monetary policy side.

The handoff is likely to result in increased volatility in terms of interest rates, especially in longer tenors. Many Fed watchers expect the Federal Reserve to attempt to continue to anchor the longer end of the yield curve by lengthening its forward guidance for the Fed Funds. This means that for all of us who invest on the short end (including 1 and 3 month LIBOR), 2014 will be much like 2013: low rates.

 

Happy Holidays and Best Wishes for the New Year from all of us at Atlantic Capital Bank!

 

  

The Year-End Wrap-up
What to do now to get ready for 2014
"Read The 4 Disciplines of Execution. This book has helped our team tremendously as we've worked to meet our goals in 2013."
  
- John Coffin, EVP

"Start taking advantage of the many resources out there that can help you grow your business in 2014.   Among others, the Georgia Small Business Development Center offers free management consulting services.
  
- Brian Harper, SVP

"Fulfill any 2013 pledged charitable contributions before December 31."
  
- Lora Fishman, SVP

Take an hour or two to clean out your office, shred old papers, and give your desk a good scrub. When you return from the holidays, you'll be organized and ready for a new year.
  
- Lauren Martin, AVP


Special Holiday Hours
December 24:
Bank closes at 2pm for Christmas Eve
All banking functions should be complete by 2pm.

December 25
:
Bank closed for Christmas Day

January 1:
Bank closed for New Year's Day

Mobile Banking App coming in 2014!
Atlantic Capital's new mobile banking app for consumers,
Go! Mobile, is scheduled to roll out in the 1st quarter of 2014. Using the new app, you will be able to view your balances, deposit checks, and easily transfer money between accounts. Stay tuned for further updates. 
  
Contact Us
Atlantic Capital Bank
3280 Peachtree Road NE
Suite 1600
Atlanta, GA 30305
(404) 995-6050

Member FDIC. Equal Housing Lender.