Fraud Prevention Strategies for Business Owners

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

In the past few months several articles have been published to help business owners learn tips on how to prevent fraud.

We know the bad guys are out there and we take this topic seriously. Our CFO, Dwayne Kolly spoke at the annual Controller Conference hosted by the Texas Society of CPAs on this topic.

Topics: Featured, Bank Customer Tips, The Corner Office

Why Business Owners Should Care About China's Economy

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

A recent white paper published by the global investment management firm GMO provides an in-depth look at the current economic situation in China. Most people don't respond to a sentence like that with interest – reading a lengthy paper on the economy of a distant foreign country doesn't exactly sound like an entertaining way to spend your time. But if you're a business owner, investor, or really anyone who cares about the state of business in this country, you should care about what's happening in China.

Topics: The Corner Office

4 Ways Commercial Advanced Term Loans Help Businesses

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Banks offer a number of financial products that help smart business owners get ahead. Businesses only know to take advantage of those products once they learn what they are and how they work. An advancing term loan could be the answer to a problem your business faces. Here's what you need to know to find out.

Topics: The Corner Office, Commercial Lending

Save Money While Enhancing Supplier Relationships with Line of Credit Sweeps

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Savvy cash managers know that a line of credit is one of the best tools for dealing with cash flow volatility. You never want to be the business that's late on bills, salaries, or meeting other obligations because collections are slow. Having a line of credit open keeps that from happening.

Topics: The Corner Office, Content Type

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The Unemployment Puzzle: How Business Leaders Can Take Action to Help Solve It

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

The state of the country's economy has been on everyone's radar to a greater extent than usual since the beginning of the Great Recession in 2008. Even with greater attention given to the American economy at large, a Wall Street Journal article earlier this month addressed an important economic issue that much of the population isn't aware of: the shrinking labor force.

Topics: Management, The Corner Office, Content Type

We’re Hiring an Experienced Credit Analyst

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Business Bank of Texas experienced 37% growth in our loan portfolio in 2013. We’ve recently expanded to serve additional Texas markets and we need to add experienced staff to support our efforts.

Topics: The Corner Office, Business Bank of Texas News

How to Close Out 2013 Part 2

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

An End of Year Checklist for Business Owners Only

Our colleague Adrian Van Zelfden prepares this report annually and we are pleased he makes it available for us to share with you. Adrian is both a licensed CPA and tax attorney located in Austin, Texas.

Topics: The Corner Office, Content Type

How to Close Out 2013 Successfully

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

An End of Year Checklist - For Business Owners Only

Part 1 of 2

Our colleague Adrian Van Zelfden prepares this report annually and we are pleased he makes it available for us to share with you. Adrian is both a licensed CPA and tax attorney located in Austin, Texas.

Topics: The Corner Office, Content Type

Empowering Our Customers is the Way We're Expanding Our Bank

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

At the Business Bank of Texas, N.A. we are committed to servicing the needs of our commercial customers. With that, we are pleased to announce our expansion into the Dallas-Fort Worth area, as well as additional hires in Austin and San Antonio. As our bank continues to grow, it's important to reiterate what makes our bank unique, and how our approach to growth is both different than most banks and better for our customers.

Topics: The Corner Office, Content Type

Third-Party Payroll Processors May Have to Find New Banks Soon

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Third-party payroll processors and certain other institutions may have heard from their banks’ risk departments that they need to find other banks soon to house their accounts. According to the banks responsible, this is due to new regulations from the OCC that limit what a third-party relationship can look like with a bank.

Topics: The Corner Office

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