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The Foundations of Shared Prosperity: Community, Opportunity, and Growth.
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Shared Prosperity: A Key to Health and Well-being Across Communities
Shared Prosperity, championed by Midwest BankCentre's Orvin T. Kimbrough, emphasizes financial well-being and inclusivity for a healthier, more prosperous St. Louis. Learn more about this vital initiative and its impact on communities.
Shared Prosperity: A Key to Health and Well-being Across Communities - Full Article.
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As a small business owner, you may question the necessity of having a dedicated business bank account rather than one personal checking account. The convenience of managing personal and business finances from a single account might seem appealing at first, but a business bank account offers a multitude of advantages that are essential for the success and growth of your venture over having a personal account.
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In the heart of the Midwest, where small businesses are the backbone of the community, one bank stands out as a trusted partner for local entrepreneurs. As a locally owned and operated financial institution, Midwest BankCentre is dedicated to helping small businesses not only survive but thrive. Let’s explore how Midwest BankCentre is making dreams a reality for countless entrepreneurs in the region.
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Spotlight on Small Businesses: Writing a New Chapter in Dellwood's Story
Today, we're thrilled to share an incredible story of collaboration, transformation, and community empowerment that's close to our hearts. Midwest BankCentre has doubled down on its commitment to support the working men and women in the North Region, in partnership with dedicated community leaders. Together, we’re reimagining the future of Dellwood, Missouri, through our involvement in the R&R Marketplace.
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Small Business Banking: How to Choose the Right Banking Services
When you're running a small business, selecting the right banking services is crucial to your financial success. The choices you make regarding your business banking can impact everything from your daily operations to your long-term financial goals.
Small Business Banking: How to Choose the Right Banking Services - Full Article.
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Interest rates and recession risks: what do these mean for businesses heading into 2024?
Explore the economic landscape for businesses in 2024 with insights from Pete Zeiser, President - Chesterfield Commercial at Midwest BankCentre. As interest rates face potential cuts after aggressive hikes, Zeiser advises businesses to strengthen balance sheets and maintain financial flexibility for strategic maneuvering in uncertain times.
Interest Rates and Recession Risks: What do these mean for business heading into 2024 - Full Article.
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Performance Reviews: Compensation Tied to Performance.
In her latest article, Julie Tuggle-Nguyen explores the intricacies of employee compensation tied to performance. From Cost-of-Living Adjustments (COLA) to market adjustments and merit increases, she delves into the contextual and organization-specific nature of this critical aspect. Learn how to align your compensation strategy with market benchmarks and establish merit pools for fair and effective performance-based increases
Performance Reviews: Compensation Tied to Performance - Full Article.
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What tools can help me better manage my cash flow and interest expense?
Sweep accounts are a valuable tool for businesses that need to manage cash flow and interest expense without sacrificing liquidity. By automatically transferring excess cash from checking accounts to lines of credit, sweep accounts can help businesses save money on interest and improve cash flow visibility.
What tools can help me better manage my cash flow and interest expense - Full Article.
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Does It Matter Where I Keep My Bank Deposits?
In Pete's latest blog post, he sheds light on the significance of where you choose to keep your bank deposits. Your deposits are a key piece of the financial puzzle, impacting not just your business's success but also your community's prosperity.
Does it Matter Where I Keep My Bank Deposits - Full Article.
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Performance Reviews: How & When to Give Constructive Feedback
Performance reviews don't have to be daunting. In our latest blog post, Chief HR Officer Julie Tuggle-Nguyen shares valuable insights on when and how to provide constructive feedback. By making feedback an ongoing part of your company's culture, you can drive employee satisfaction, boost performance, and enhance retention![Holistic Banking Relationship Image](/assets/files/sagqVH6H/iStock-1394879058.jpg)
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Unlocking Business Growth: Leveraging HR to Drive Success.
HR isn't just an administrative burden – it's a vital asset that can drive your company's growth and success. Discover how HR can help build a winning culture, attract top talent, boost employee engagement, maximize productivity, and leverage technology. Learn how to harness the potential of HR in our latest blog post.
Unlocking Business Growth: Leveraging HR to Drive Success - Full Article.
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Building a Championship Team.
In Trey's latest article, he draws parallels between building a championship football team and running a successful business, emphasizing the importance of trusted advisors and a strong banking partner like Midwest BankCentre to support growth and regional prosperity.
Building a Championship Team - Full Article.
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The Rise in Fraud: How to Protect Your Assets.
Fraud is escalating, with losses reaching $10 billion in 2023. Scammers are increasingly sophisticated, targeting individuals and businesses alike. Midwest BankCentre offers essential fraud prevention tips: remain vigilant, avoid sharing sensitive information, use secure payment methods, and leverage bank fraud prevention tools. Protecting assets requires collective effort and awareness.
The Rise in Fraud: How to Protect Your Assets - Full Article.
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Midwest BankCentre Brings New Level of Service to Local Businesses.
Midwest BankCentre has expanded to Kansas City, bringing over a century of community banking expertise, personalized solutions, and a digital-first approach to support local businesses.
Midwest BankCentre Brings New Level of Service to Local Businesses - Full Article.
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Navigating the New Normal: Managing Remote and Hybrid Teams.
In today's dynamic business landscape, remote and hybrid work models have become essential strategies for success. Midwest BankCentre dives into the challenges and rewards of managing remote and hybrid teams, sharing valuable insights on establishing clear policies, setting goals, building trust, and fostering a strong company culture. Discover how these strategies can empower your team and drive productivity in the new normal.
Navigating the New Normal: Managing Remote and Hybrid Teams - Full Article.
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Mastering Interviews: Best Practices for Hiring the Best Candidates
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What banking services can help me manage my business?
In the realm of small business management, leveraging banking services is crucial. Explore the benefits of sweep accounts for optimized cash flow and fraud prevention tools like ACH Filters and Positive Pay. Discover how these services can streamline operations and protect your business from potential risks.
What Banking Services Can Help Me Manage My Business - Full Article.
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How Can We Support Small Businesses?
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The Foundation of Banking: Lasting Relationships
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The Crucial Role of Employee Handbooks in Small Businesses.
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Building a Strong Financial Foundation
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Building Tomorrow: St. Louis Real Estate's Role in Shaping 2024
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Building an emergency fund is essential for financial stability, especially during unexpected events like a car breakdown or medical emergency. Wes Burns, Executive Vice President of Community and Economic Development at Midwest BankCentre, highlights the importance of having a financial safety net to avoid debt and maintain financial goals. Only half of U.S. households had emergency savings in 2022, making it crucial to start saving now. To build an emergency fund, open a savings account, automate transfers, set a realistic goal, prioritize savings, trim unnecessary expenses, allocate windfalls, and regularly monitor and adjust your fund. Start small, stay consistent, and ensure peace of mind and financial security.
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Budgeting for Stress-Free Vacations
Planning a vacation requires careful budgeting to avoid financial stress. Wes Burns from Midwest BankCentre shares tips on examining finances, setting realistic budgets, using savings accounts, and leveraging credit card rewards to ensure a stress-free getaway. Prepare for unexpected expenses, be flexible with travel dates, and always communicate with your bank about your travel plans.
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An emergency fund is a financial safety net designed to cover unexpected expenses without the need to incur credit card debt or take out high-interest personal loans. Having an emergency savings fund is crucial for maintaining financial security...
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A personal loan can be a useful financial tool, whether you're looking to consolidate debt, finance a major purchase, or cover unexpected expenses. However, like any form of credit, a personal loan affects your credit score in various ways. Understanding these impacts can help you make informed decisions about borrowing and managing your personal finances.
How Do Personal Loans Affect Your Credit Score? - Full Article
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As the digital landscape has evolved, the financial sector has undergone a parallel transformation, and online banking has emerged as a cornerstone of modern financial services. Both internet banking services, as well as fully online banks, continue to change the way we handle banking transactions.
Let's shed light on the many benefits and opportunities that online banking presents and explore the advantages of embracing mobile banking.
The Benefits of Online Banking - Full Article
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Mortgage fees are various charges that a lender imposes in connection with a mortgage loan. These fees can include an origination fee, underwriting fee, application fee, and processing fee. Closing costs, on the other hand, encompass a broader range of expenses required to finalize a real estate transaction. These costs include but are not limited to, title insurance, appraisal fees, credit report fees, escrow fees, and property tax.
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Understanding Different Types of Mortgages: Which One is Right for You?
Acquiring a home is a significant life achievement, and selecting the right mortgage is a crucial step in this journey. With an array of mortgage options available, it's essential to comprehend the various types to make an informed decision that aligns with your financial circumstances and homeownership aspirations. At Midwest BankCentre, we're dedicated to providing insights into the realm of mortgages, helping you identify the ideal choice for your needs.
Understanding Different Types of Mortgages: Which One is Right for You? - Full Article
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Teaching Teenagers About Money: A Practical Guide for Parents
In today's rapidly evolving financial landscape, imparting essential money management skills to teenagers has become a crucial aspect of their upbringing. As parents, fostering a strong foundation of financial literacy equips your children with the tools they need to make informed and responsible decisions as they navigate their way through high school and beyond.
Teaching Teenagers About Money: A Practical Guide for Parents - Full Article
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Understanding credit scores is essential for making informed financial decisions. In this comprehensive guide, we will demystify credit scores and provide you with valuable insights to help you navigate the world of credit. Whether you're a first-time borrower or a seasoned credit user, this information will empower you to take control of your financial future.
Demystifying Credit Scores: What You Need to Know - Full Article
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Effective money management is crucial for achieving financial stability and security. By adopting smart money management practices, individuals can reduce financial stress, make the most of their income, and work towards their financial goals. This article presents six essential money management tips that can help you take control of your personal finances and pave the way for a brighter financial future.
The 6 Best Money Management Tips for Personal Finances - Full Article