Oakworth Capital, Inc. Announces Addition to Board of Directors

September 29, 2017, by Lindsey Owens Krausen

Oakworth Capital, Inc. (holding company for Oakworth Capital Bank) is pleased to announce the addition of Samford T. Myers, (Sandy) as a member of its Board of Directors.  Mr. Myers is the owner of ASF, Inc., which provides transportation and logistics services.  He acquired the company in 2000, which was focused exclusively on forest products being exported from the United States and has since diversified the company to handle many other commodities, import and export,...

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John Norris: Warren Buffett’s long-range Dow prediction is hogwash

September 25, 2017, by John Norris

[caption id="attachment_2759" align="alignleft" width="259"] (Photo Bill Pugliano/Getty Images)[/caption] Last week, famed investor Warren Buffett boldly predicted the Dow Industrials will be over 1 million in 100 years. On its face, that would seem to be a pretty robust outlook. Dow 1 Million? Wow. If only, huh? The problem with such seemingly outlandish statements is they are hogwash, and I mean complete and utter rubbish. So much so, I will go Buffett one step farther and...

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Some Common Cents on September 22, 2017

September 22, 2017, by John Norris

The Federal Open Market Committee (FOMC), the monetary policy making body of the Federal Reserve, met this week, and very people were concerned about what it would decide to do with the overnight lending target rate between member banks. This would be highly unusual but for the fact EVERYONE wanted greater insight regarding the hotly anticipated “unwinding” of the quantitative easing the Fed did during the aftermath of the financial crisis. In case you missed,...

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John Norris: Which came first? The consumer or the product?

September 18, 2017, by John Norris

My daughter will periodically declare herself a vegetarian for a number of different reasons, none of them dietary in nature. This will last for a few days or until the next time we have spaghetti for dinner, whichever comes first. It seems her convictions are no match for a good Bolognese sauce. A couple of weekends ago, she came home from college and we all went for a hike at one of the parks here...

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Security Advisory: Equifax Breach

September 13, 2017, by Dave Driscoll

In the wake of the widely reported Equifax breach last week, where some 143 Million Americans had their names, Social Security numbers, birth dates, addresses and potential driver’s license numbers stolen, here are some basics about securing your credit file. This is not the first time the credit reporting agencies (Experian, Equifax, and TransUnion) have been hacked, but it is, by far the largest. The information gained is a treasure trove for identity thieves. So,...

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John Norris: When it comes to business, fairness is relative

September 12, 2017, by John Norris

While he wasn’t the first to bring up the idea, Karl Marx was known for saying: “From each according to his ability, to each according to his need.” The thought process is the strong will carry the weak, until it is their time to be weak. That sounds fair, and isn’t that the way it should be? Some months ago, my daughter and I had a conversation about economics. When I gave her my thoughts...

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Some Common Cents for September 8, 2017

September 8, 2017, by John Norris

The Science Channel has a new program called “The Planets” which airs on Tuesday evenings. I missed the first episode on Jupiter, but I found the second one on Venus to be absolutely riveting. Where do these people come up with these crazy hypotheses? Have they nothing better else to do? For instance, who would have thought the proximate cause for the inhospitable climate on Venus was/is a collision with a more minor planet during...

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Oakworth Capital Bank Named Best Bank to Work For

September 5, 2017, by Lindsey Owens Krausen

Oakworth Capital Bank has been named to American Banker magazine’s 2017 Best Banks to Work For, as the #18 “Best Bank” nationally, and #1 in Alabama. The initiative, which began in 2013, is a project of American Banker and Best Companies Group to recognize and honor the best banks to work for in the nation. Determining the Best Banks to Work For involves evaluating each participating bank's workplace policies, practices, benefits, and demographics as well...

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Some Common Cents for September 1, 2017

September 1, 2017, by John Norris

Recently, someone said to me: “with everything that is going on in the world, I bet there is no shortage of things for you to write about.” To be sure, it seems as though we are tearing ourselves apart at the seams, with Mother Nature lending a helping hand. However, there is a difference between headline stories and what actually impacts how we live our lives and conduct business. There are times when living in...

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