Meet the Oakworth Summer Intern Associates

July 31, 2018, by Lindsey Owens Krausen

Alexander Mitchell This summer at Oakworth I was able to truly be a part of the team and see all the different facets and roles of each department. Over the course of the internship I took on various projects and was given real responsibilities. In my first rotation I was able to dive into the three different financial statements paired with Moody’s Analytics software for asset base lending. This project was something that I found...

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2nd Quarter Economic Update

, by John Norris

As a general rule, I liked roller coasters when I was a kid. The Great American Scream Machine at Six Flags Over Georgia was a favorite, as were just about any other traditional wooden ones. If you aren’t familiar with the one in Atlanta, think of the Cyclone at Coney Island or the Yankee Cannonball at Canobie Lake Park. Closer to home, the Rampage at Alabama Splash Adventure in Bessemer is a surprisingly good ride....

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Dear John

, by John Norris

Chief Economist, John Norris, answers the most commonly asked questions. Dear John, It seems like all the companies you read about being so-called disruptors are just tech stocks. So, why do we even worry with calling them disrupters and just call them what they are? This is a great question, and the easy answer is: it just seems like they are all tech companies, but they aren’t necessarily. After all, Tesla makes cars. For its...

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Millennials: Is It Time for a Plan?

, by John Norris

Millennials often get an undeserved bad rap. Older folks call them entitled and lazy, just like the prior generations call them. However, let’s face it: our young people are growing up in a hypercompetitive world, and our society arguably hasn’t done a great job indoctrinating them into the free enterprise system and stacking the deck against them. We can point our fingers of blame any which way, but it won’t solve anything. At some point,...

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Getting the Financing Your Business Needs

July 30, 2018, by John Norris

Borrowing money can be intimidating for business owners, particularly small business owners. The last thing any entrepreneurs want to be is beholden to the bank. That is a fate worse than debt, but sometimes it is an economic necessity. What can you do to minimize the bank’s hold over your business? The best advice I can give starts by being prepared during the loan process. By that, I mean having all of the proverbial ducks...

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It Might Be Common Cents – You Decide On July 27, 2018

July 27, 2018, by John Norris

Something kind strange happened this morning. After 8.5 years of economic expansion and almost 3 years into a Fed tightening cycle, the Bureau of Economic Analysis (BEA) released the best quarterly GDP (Gross Domestic Product for those keeping score at home) report in recent memory. To be sure, ‘you’ have to go back to 2Q and 3Q 2014 to find comparable quarterly results, and I might still argue this was a better report. The only...

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A Checklist for Surviving Spouses

July 16, 2018, by John Norris

According to experts, the death of a spouse is the most stressful life event one can have. Whether it is unexpected or imminent, death is always a surprise. However, putting your financial house in order afterwards doesn’t have to be. The following checklist highlights a few things will help ease a small part of the stress during the grieving process. While it is no means exhaustive, crossing off these items will help you feel like...

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Corporate Cards – Which one is the best option?

July 10, 2018, by Lindsey Owens Krausen

Trent Green is our special guest today giving us insight on the differences between corporate cards.  Trent is Oakworth’s Managing Director, Treasury Management. Although the world of corporate payments is always evolving, bank and non-bank issued cards are still a main form of accessing capital for many companies.  Cards offer users the ability to access credit or cash with relative ease, allow for easy tracking of transaction items and offer certain security elements not found...

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Common Cents for July 6, 2018

July 6, 2018, by John Norris

Recently, I had a conversation with a friend of mine about Canada legalizing marijuana at its Federal level. Ultimately, the discussion got around to whether the stuff would ever be legal in Alabama. My thoughts were/are simply this: “at some point, it will be impossible for our state to effectively enforce its cannabis laws, and it will become legal as a matter of course if not a matter of law.” My buddy looked at me as...

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Your Retirement Checklist

July 2, 2018, by John Norris

Let me start by saying: there is NO universally accepted amount of money on which to retire.  You can retire on as much or as little as you wish, as long as you are comfortable with what you have. With that said, the more you have, the less your lifestyle will change and, laughingly, the more your children will visit. Since there isn’t really an optimal dollar amount, there isn’t really a perfect way of...

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