Special Mention Rating

Many bankers have a misconception that the Special Mention rating category is a transition rating to be used as a loan migrates from a Watch rating to a Substandard rating. The Special Mention rating category is used to identify credits that have potential weaknesses that if left uncorrected could result in deterioration of the credit. Bank management, and not the borrower, is typically required to take corrective action to remedy weaknesses identified in the underwriting, […]

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Email Marketing Checklist

More and more ways we are contacting our customer base today is thru email marketing so I thought I would give you some bullet points to ponder when working on your email marketing campaigns. Since email addresses can change frequently, keep your list current by carefully tracking the number of bounce-backs or undeliverable emails after every campaign. Respect the terms of your privacy policy and never breach your customers’ trust. Be sure you have a […]

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Beware of the Man-in-the-Email Attack!

When the FBI’s Internet Crime Complaint Center (IC3) is sounding alarms regarding a specific type of wire fraud we should all listen. Business email compromise (BEC) scams (formerly known as man-in-the-email attack) come in three flavors, each to target companies who regularly perform wire transfers to foreign suppliers and international third parties. The first scam usually comes as a bogus invoice that looks extremely legitimate and is hard to recognize as fraud. The second is […]

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