Private Banking

Oakworth Capital Bank Announces Entrance into Middle Tennessee Market with Greer Redden as Market Leader

August 12, 2020, by Lindsey Owens Krausen

Oakworth Capital Bank is entering the Middle Tennessee Market with its new office in the Nashville area. Oakworth, which was named “Best Bank to Work For” in both 2018 and 2019 by American Banker, delivers a distinctive approach to the market by focusing on privately-held businesses, professionals, and families. With its core purpose of “Helping People Succeed”, Oakworth associates assist clients with generational decisions by delivering its three core disciplines of commercial & private banking,...

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Oakworth Capital Bank Announces Launch of Guided Planning Solutions (GPS)

June 30, 2020, by Lindsey Owens Krausen

  Oakworth Capital Bank is proud to announce it has launched the Guided Planning Solutions (GPS) service to its clients.  GPS is Oakworth Capital Bank’s customized financial planning process designed to provide clients with guidance and put them in the best position to reach their personal financial goals and dreams.  GPS will be led by Mac Frasier, CFP®.  Mr. Frasier brings over 15 years of financial planning experience into his role as the Director of...

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Protecting Your Relief Check

April 16, 2020, by Sara McPherson

While the relief checks are starting to be sent out, the safety and security of our clients, their families, and their commercial interest is our main priority. Please remember that while you are working from the safety of your home, so are scammers. Before you receive your relief check, there is a good chance you could be contacted by a scammer. 3 Things the Government will NOT Ask For Please remember the government will never...

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Cyber Fraud in the Time of COVID-19

, by Lindsey Owens Krausen

Cyber Fraud in the Time of COVID-19 by Trent Green Ahh….Spring 2020, warming temperatures, fragrant Spring breezes, the flowering of that most iconic of southern plants, the azalea, and COVID-19.  Wait what??? Last year at this time, it is doubtful that anyone could have seen COVID-19 coming and if they did, they certainly wouldn’t have accurately predicted our current situation.  For most of us, the disruption to our daily lives has been immeasurable.  Work from...

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Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses

March 25, 2020, by Sara McPherson

  Source: The US Department of Labor, March 24, 2020 WASHINGTON, DC – Yesterday the U.S. Treasury Department, Internal Revenue Service and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the...

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Understanding Employee Stock Options

February 14, 2020, by Mac Frasier

What are my options?  Employee stock options can be a great way to build long term wealth and participate in the growth of a company.  However, when it comes time to utilize those options there can often be confusion on what is the best strategy to implement.  While everyone’s approach will be unique to their specific circumstances, hopefully this blog can help you begin thinking more about your options strategy. Stock Options Terminology Before we...

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What is the Best Way to Save for College?

January 24, 2020, by Sara McPherson

Written by: Alice B. Womack, Associate Managing Director, Private Banking There are a variety of ways to save for college and the single best way to save is dependent on your financial picture.  Regardless of the savings avenue chosen, the single best advice is to BE CONSISTENT!  Putting money aside early and maximizing the limits available can make a big difference in the amount saved upon your child’s graduation. One of the more popular accounts...

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Why is Prime Rate Important?

January 23, 2020, by Sara McPherson

Written by: Michael Mims, Managing Director, Private banking The Prime Rate or Prime Lending Rate is generally accepted as the interest rate banks charge their best clients.  Prime Lending Rate changes anytime the Federal Open Market Committee (FOMC) changes the Fed Funds Rate (this is the rate banks charge each other for overnight lending reserve requirements).  As a rule of thumb, most banks set their prime rate at three percentage points higher than the federal...

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What is Cash Flow Planning?

, by Sara McPherson

Written by: Michael Mims, Managing Director, Private banking Cash Flow Planning is basically a strategic plan to review anticipated revenues / income and expenses / cash outflows over a defined period of time. Cash Flow Planning can be instrumental in developing a financial plan or family budget. For many clients, this will involve reviewing their anticipated income stream(s) vs. recurring expenses and/or anticipated expenditures such as a new house, vacation home, college expenses, vehicles, investment...

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Let’s Talk About Debt

, by Sara McPherson

Debt is not a bad thing. In fact, it can actually be a good thing if managed properly. By ensuring that your debt is being proactively monitered you can better manage your taxes and ensure your assets are working towards your long term goals.Your advisor can help you implement the proper strategies to meet any exisiting or future banking and credit needs.  

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