How to deal with a Banker

Read an article about banking in Inc. Magazine a while back about how to work with bankers.  There are a couple of good points in it that I like to use as a reminder to my customers.

 

The first is not to hide bad news.  This is one of the most important things that I tell my customers.  The worst thing that you can do is assume that you need to keep your banker in the dark when bad things happen.  A good banker wants to know all the news, not only the good, but also the bad.  We are here to help you.  As I tell people, no one likes surprises.  Honest, open communication that goes both ways between banker and customer is essential to us both meeting our goals.

 

The second was to plan for the worst.  We have been telling people for a while to plan for best, most likely and worst-case scenarios.  The companies that are coming out of the recession now are the ones who have planned for it.  It’s also not too late to take an honest look at your business.  After all, I have heard in the last week alone that we are coming out of the recession, that we are only going to go deeper into recession and that we have no idea where we are in the recession.  I don’t know if anyone really knows.  I heard an economist once say that he had the only job in America where you could be wrong 100% of the time and still be employed.

 

Be honest with your communication and your planning and you will make good things happen.

Post a Comment

Your email is kept private. Required fields are marked *

Fraud

Equifax Data Breach - Help Protect Yourself

Wednesday, October 11, 2017

You may have heard about the data breach at Equifax that occurred in July and be wondering what to do to protect your identity. We encourage you to visit the Equifax website at www.equifaxsecurity2017.com to check if your personal information may have been compromised. Equifax is offering free credit monitoring for all U.S. consumers through the [...]

News

Nicolet Bank is Open Columbus Day, but Special Processing

Friday, October 6, 2017

Monday, October 9, 2017 is a Federal Holiday. Nicolet Bank will be OPEN regular business hours, however transactions will not be posted until the next business day.

More

Business Pulse - Cybersecurity has emerged as a major issue for CEOs

Monday, July 27, 2015

CEOs Express Concern about the Cybersecurity of their Business. Read the full report here. Business Pulse – JUNE 2015 EXECUTIVE SUMMARY CYBERSECURITY  

Nicolet Bankshares, Inc. 2nd Quarter 2015 Earnings Release

Tuesday, July 21, 2015

Nicolet Bankshares, Inc. (OTCQB: NCBS) earnings release for 2nd quarter 2015. 2Q15 Earnings Release

How to Ensure a Good Credit Score

Wednesday, July 8, 2015

First, let’s understand how your credit score is determined. Your credit score is broken down into five categories weighted accordingly: Payment history = 35% Total amount owed = 30% Length of credit history = 15% New credit = 10% Type of credit in use = 10% MAKE YOUR PAYMENTS ON TIME. This is the most [...]

Tools

Font Size
Contrast