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Special holiday
hours reminder
We are closed for
these holidays:
- Monday, May 26, 2014, Memorial Day
- Friday, July 4, 2014, Independence Day
- Monday, September 1, 2014, Labor Day
- Thursday, November 27, 2014, Thanksgiving Day
- Thursday, December 25, 2014, Christmas Day
Special Holiday Hours:
Friday, April 18
Good Friday- All offices and drive-ups closed noon-3 p.m.
Friday-Saturday, Aug. 15-16 Lapeer Days- Main Office Drive-Up closed. The ATM will be available for customers on foot to use.
Monday, October 13
Columbus Day- Main Office - Closed
- Branches - Closed
- Imlay City Drive-Up - 8:30 a.m.-5 p.m.
- Southgate Drive-Up - 8:30 a.m.-7 p.m.
Tuesday, November 11
Veterans Day- Main Office - Closed
- Branches - Closed
- Imlay City Drive-Up - 8:30 a.m.-5 p.m.
- Southgate Drive-Up - 8:30 a.m.-7 p.m.
Wednesday, December 24
Christmas Eve Day- Main Office & MODU - 9 a.m.- noon
- Branches - 8:30 a.m.- noon
- Drive-ups - 8:30 a.m.- noon
Wednesday, December 31
New Year's Eve Day- Main Office - 9 a.m.-3 p.m.
- Main Office Drive-Up - 9 a.m.- 5 p.m.
- Branches - 8:30 a.m.- 3 p.m.
- Drive-ups - 8:30 a.m. -5 p.m.
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CoinMax Fee Change Starting April 1, 2014, Lapeer County Bank & Trust Co. will charge a processing fee for all coin processed by CoinMax.
Bank customers will be charged a 1% fee (minimum $1). Non customers will be assessed 10% (minimum $1) with a processing limit of $100.
These fees are being implemented due to machine maintenance and coin shipment fees assessed to our Bank.
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Keep up to date on these events and more by liking the Bank's Facebook page.
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Sign up for eStatements and eNotices online!
Did you know that you can sign up for eStatements and eNotices through your Online Banking? Just click on the eStatements/ eNotices tab in Online Banking and sign up.
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Credit cards available
LCBT offers both business and personal credit cards to our customers. Apply today.
Personal Credit Card:
Business Credit Card:
Application |
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Ask LCBT
Question: Can I get information about business succession planning and insurance at Lapeer County Bank & Trust Co.?
Answer: Absolutely! Make an appointment with CBC Financial Services, and Infinex, Financial Advisor Erin Landers to discuss your needs. Call her today at 810-245-2935.
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Securities offered through
Infinex Investments, Inc. Member Finra / SIPC. CBC Financial Services is a subsidiary of Lapeer County Bank & Trust Co. Infinex is not affiliated with either entity.
Not a deposit - Not FDIC insured - Not insured by any Federal Government Agency - Not guaranteed by the bank - May go down in value
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 Free Banner Ads
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 Jessica Fish in Business Development at 810-538-1925 to set up a time to have your photo taken, sign a release, and email your testimonial to us. It's easy and free!
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 | | I'm still going with our textbook, I don't care what Wikipedia says! |
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| 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 contains advertising of products and services. LCBT encourages you to discuss your specific situation with your banker or other advisor before acting on ideas offered in Business Connections.
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What is EMV?
Europay, MasterCard® and Visa® or EMV is a technical standard designed to ensure that microchip-embedded payment cards are compatible with the terminals of merchants who accept them. Chip-embedded payment cards are nearly impossible to duplicate, and when combined with additional layers of security--such as encryption, tokenization and other strong authentication techniques--EMV significantly reduces opportunities for card payment fraud.
The United States is the last major world economy to migrate to EMV. This means U.S. processors and merchants will be able to adopt best practices from other countries that have already implemented EMV. Major card networks are still finalizing implementation guidelines; however we do know that it will be necessary for merchants to upgrade their POS terminals to new EMV-capable terminals.
The major card associations have also announced an upcoming shift in fraud liability for merchants that have not implemented an EMV structure. Beginning in October 2015, the merchant, not the issuing bank, will be liable for counterfeit card transactions if the merchant receives a fraudulent chip card but has not installed an EMV-capable terminal.
PES, Payment Express Systems is the company LCBT uses for Merchant Services. Priority Payment Systems is the same company. We have been in contact with the company and at this time they are working on the details of how they will roll out upgrades. We will keep you informed as we get closer to the migration. For now you don't need to purchase new equipment.
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Checking & Savings accounts
Have you taken a look at all the services that Lapeer County Bank & Trust Co. can offer?
Checking Accounts
Business Checking - If you have a high activity level, this will meet your needs. An opening deposit of $100 is required. Activity charges accrue and are charged to your account monthly. An earnings credit is used to offset your activity charges, based on your Average Collected Balance.
Business Checking & Interest - Designed for business customers who are eligible to earn interest according to Federal Regulations. Eligible businesses are sole proprietors, non-profit organizations and governmental units. An opening deposit of $525 is required. Activity charges accrue and are charged to your account monthly. Interest is compounded and credited to your account monthly.
Commercial Sweep Account - Earn income on the unused balances in your non-interest bearing commercial checking account. Invest in any one of three Federated Securities Corporation fund accounts. The account features daily account monitoring to determine if excess balances are available for investing. Investment dividends are declared daily, paid monthly, and are automatically reinvested at each month end. Receive a monthly record of both your general account and your investment account activity on a combined statement. Fees apply. Please see fee schedule for pricing. Funds swept out of the Bank are not FDIC insured.
eBusiness Checking - Ideal for any sized business with limited checking activity. An opening deposit of $100 and eStatements are required. There is no monthly service fee one hundred items or less per month. There is a $0.40 per item fee over 100. This account includes check safekeeping.
Organization Checking - This account is designed for non-profit organizations, clubs, leagues and groups. An opening deposit of $100 is required. There are no monthly fees if a minimum balance of $300 or an average balance of $500 is maintained throughout the month.
Savings Accounts
CDARS® - CDARS® is one of the safest and smartest investment vehicles for investors looking to protect their large-dollar investments while earning CD-level returns that may compare favorably to Treasury and money-market-fund yields.
Certificate of Deposit - Lapeer County Bank & Trust Co. offers competitive rates on all terms of certificates, from 15 days to 60 months. A minimum deposit of $1,000 is required. Interest can be compounded quarterly for your best return, mailed in a check or directly deposited into your Lapeer County Bank & Trust Co. checking or savings account. The certificate will automatically renew at maturity for your convenience.
Everyday Interest Statement Savings (EDISS) - This is our most popular savings account. Customers use it to accumulate cash for short and long term needs such as taxes, vacations and many other uses. An opening deposit of $25 is required. There is no maintenance fee if you maintain an Average Daily Balance of $100. Interest calculated on the daily balance and credited to your account quarterly. Federal Regulation requires us to monitor your compliance with withdrawal limitations. See Rules and Regulations of Your Deposit Account for more information.
Money Market Savings - This account offers a competitive tiered interest rate. The higher the balance, the higher the rate of interest your account will earn. An opening deposit of $2,500 is required. No maintenance fee if you maintain an average daily balance of $2,500. Interest is calculated on the daily balance and credited to your account monthly. A monthly statement is provided. Federal Regulation requires us to monitor your compliance with withdrawal limitations. See Rules and Regulations of Your Deposit Account for more information. |
Aladdin's Cleaning & Restoration
Aladdin's Cleaning & Restoration was started by Jerry and Tim Jankowski in 1993 as a Carpet Cleaning Company.
Within three years they decided to become a nationally certified Restoration Company on the premise of serving our neighbors in the communities of Lapeer and Davison who experience water and/or smoke damage in their homes or businesses. Today, Aladdin's is serving a total of 9 counties.
Spring is approaching! If you are thinking of spring cleaning after the holidays and a long, tough winter, let Aladdin's Cleaning & Restoration take care of your carpet, specialty rugs and upholstery. We can even refresh your wood floors. We'll be happy to help you make your home or business fresh and clean again this season!
In the unfortunate event that you find standing water in your home or business, we can arrive on the scene quickly and efficiently, ready to extract and dry the structure to get you back to normal.
We also clean soot and smoke damage from structures and contents while taking great care in handling your belongings.
Remember...Life Happens. Call Aladdin's.
Aladdin's Cleaning & Restoration
852 South Maple Leaf Road, Lapeer, MI 48446
(810) 664-1705
(877) 466-0746
www.callaladdins.com
If you are interested in spotlighting your business in this section, please call Jessica at 810-538-1925 or email Business Development. This is a free service.
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What's your Ready Rating?
The American Red Cross has created the Ready Rating program to help businesses, organizations, families and communities to prepare for emergencies.
The Ready Rating system has two specialized plans, one for businesses and organizations (best for those who have to worry about employees or workers) and one for schools (best for those who have to worry about youths and parents in an emergency).
When you join the Ready Rating program, the American Red Cross provides access to the Ready Rating Program Guide, which gives you step by step instructions for assessing your organization's needs.
The 123-point Red Cross Ready Rating 123 Assessment tool and Ready Rating 123 Program Guide are the result of a comprehensive review of preparedness recommendations conducted by the American Red Cross National Office of Preparedness and Health and Safety Services, the national Ready Rating team, and the American Red Cross Scientific Advisory Council. All Ready Rating program steps and recommendations are grounded in scientific research, best practices and/or expert opinion from respected professionals representing multiple disciplines and perspectives.
The American Red Cross outlines the steps for joining the Ready Rating program:
1. Join the Ready Rating Program
- Review the terms and conditions of membership and create an online profile.
2. Take the 123 Assessment
- This comprehensive assessment will help you to put all of your preparedness 'ducks' in a row. Your baseline assessment will be used to measure improvement at the end of the year. View a sample of questions from the 123-point assessment and see the sample color-coded score card it generates.
- The assessment consists of 5 sections that score emergency preparedness efforts in terms of commitment, knowledge of hazard vulnerability, emergency planning, plan implementation and community resiliency, which are the 5 essentials of preparedness.
3. Take Action to Improve Your Level of Preparedness
- Visit the Ready Rating Toolbox where you'll find resources to help further develop your plans.
- Take advantage of the detailed program guide and best practice tips available to members.
- Conduct drills and exercises to test your plans.
- Implement training programs, achieve certifications, etc.
4. Update Your Plans Based on Knowledge Gained
- Did your assessment score improve? Take the 123 Assessment again to find out!
- Your membership will be automatically renewed at the end of your term of membership if, after a comparison of your baseline and final assessments, your score has improved.
5. Continue the Cycle of Assessing and Planning
- Remember, preparedness is a journey, not a destination.
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Small Business Learning Center
Business owners with questions about starting, managing, financing or marketing a business should check out the Small Business Administration's Small Business Learning Center for helpful courses, videos, discussions and more on these topics.
Launched in late 2012, the SBA Small Business Learning Center is an online portal that hosts a variety of self-paced online training courses, videos, web chats and more. Content is filtered by topic, so business owners can locate information no matter what kind of insight they need.
Visit the SBA Small Business Learning Center today at www.sba.gov/tools/sba-learning-center.
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