Private Banking

Trusting Others to Take Control

August 27, 2018, by John Norris

One of the more uncomfortable things to do is face your mortality. Talking about death, dying, and even physical and/or mental incapacity isn’t anyone’s idea of a good time. That is why many people put off estate planning as long as they possibly can. In a lot of ways, this is the financial equivalent of the proverbial ostrich burying their head in the sand. You can ignore the inevitable, but that doesn’t mean it isn’t...

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5 Ways to Make Your Debit Card Work for You

August 23, 2018, by Lindsey Owens Krausen

5 Ways to Get the Most from Your Oakworth Debit Card 1.  Did you know your Debit Card has Rewards? Scorecard Rewards is an easy-to-use reward program. Register your debit card to start earning points by using the card as credit during the transaction.  Reward points can be redeemed for thousands of items and services. Learn more and register your card here:  https://www.oakworthcapital.com/debit-card-rewards 2.  Mobile Wallet Capability Add your debit card to your Mobile Wallet on...

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Mobile Wallet Basics

, by Lindsey Owens Krausen

A Mobile Wallet is an app that can be installed on a smartphone to store payment information from your credit and debit cards.  Once your information is stored, you are able to use your device to make purchases. There are a number of different mobile wallets that are compatible with specific devices. Like a credit card, your mobile wallet will only work at retailers that accept your device as a payment method. The major mobile wallets...

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Debit Card Rewards

, by Lindsey Owens Krausen

Reward Yourself with Great Merchandise & Travel Rewards Did you know that you can earn 1 reward point for every 2 dollars you spend? You can then turn your purchases into amazing Merchandise, Travel or Experience rewards! ScoreCard Rewards has top name brand items, unbelievable vacation getaways, valuable services, and once in a lifetime experiences. ScoreCard has it all! ScoreCard is continually updating reward options so you'll have the latest and greatest rewards to choose from...

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Investing for Impact

August 13, 2018, by John Norris

Socially conscious investing isn’t a new concept. In fact, it has been around for a long time. Initially, it was mainly a way for faith-based groups to shy away from things like alcohol, tobacco, and even pornography. However, it has morphed over time to include geopolitics, environmental causes, and a litany of other topics or areas of concern. However, due to the nature of corporate America, sometimes it isn’t easy to determine whether a company...

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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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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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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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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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2018 Tax Changes: FAQ’s

June 25, 2018, by John Norris

I am not a CPA, and won’t pretend to know all of the various ins and outs of last year’s tax reform legislation. That doesn’t mean people don’t want to know about it, which they do. Instead of reinventing the wheel, I decided to find a short, informative article which hits a lot of the key points. After sifting through a number of them, I found the following to be just about exactly what I...

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