First Brandon National Bank has earned 5-Star rating

first_imgFirst Brandon National Bank, Brandon Vermont has earned a 5-Star rating from BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank rating firm. Five-stars denotes the absolute highest level of banking performance.First Brandon National Bank has earned the coveted 5-star rating for six consecutive quarters. (The award is based on an analysis of current financial data supplied by federal regulators, supplemented by historical data.)“We constantly receive phone calls from people worried about where they are putting their money; and with good reason,” noted Karen Dorway, president of the research firm. “With rouge institutions popping up on the Internet and elsewhere, many falsely claiming to be FDIC insured, it’s important to know there are still principled people running good, solid banks. First Brandon National Bank is one of those banks…a bank you can have confidence in.”First Brandon National Bank has been servicing the needs of its neighbors and friends in Rutland County for 141 years. Established in 1863, it now operates through four conveniently located offices in Brandon, Pittsford, and West Rutland.First Brandon National Bank: “Your 5-Star Community Bank.”last_img read more

Coca Cultivation Reduced by 13% in 2010, According to Colombian Government

first_imgBy Dialogo May 10, 2011 In 2010, Colombia reduced the area planted with illicit coca crops by 13% and cocaine production by 12%, Colombian Interior Minister Germán Vargas affirmed on 5 May, citing a UN report about to be made public. “The area planted with coca crops was reduced by 13%, and production by 12%. The UN indicates that the Colombian government’s efforts have been successful,” Vargas affirmed, revealing data from the 2010 annual monitoring report on coca cultivation in Colombia by the UN Office on Drugs and Crime (UNODC). “According to the report, 59,000 hectares planted with coca were calculated for last year, meaning 13% less than 2009 production,” the official added, after indicating that according to advance information from the report obtained by his office, cultivation was concentrated in the departments of Nariño, Cauca, Guaviare (southern Colombia), and Bolívar (northern Colombia). “The continuous and ongoing efforts of the police and the military, forging greater territorial control, have led to the progressive elimination of illicit cultivation and the seizure of tons of cocaine, and in general, to the demoralization of all the links that make up the drug-trafficking chain,” he concluded. Vargas emphasized that the report’s conclusions will be presented by Juan Manuel Santos’s administration next week, in the framework of the G8 summit in Paris, as an argument for demanding greater cooperation from the industrialized countries in the fight against drug trafficking. According to a report by the UN International Narcotics Control Board (INCB), Colombia is still “the world’s largest producer of cocaine,” with 410 tons in 2009, equivalent to more than 30% of the world total, estimated by the UN at between 842 and 1,111 tons a year.last_img read more

Fed is raising rates – take advantage of it now!

first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Cindy J Draper Cindy J. Draper is a Retail DDA Strategist and Director of Training at Velocity Solutions. Cindy has over 20 years of experience in the banking industry. She has worked her … Web: Details The Fed is feeling confident about the economy and has indicated that we have “emerged safely¹” from the financial crisis. As a result, they are poised to raise interest rates in December.  The opportunity for additional margin is welcome news for credit unions. It’s been a tough decade starting with the worst financial crisis since the Great Depression, followed by numerous regulatory changes, administration changes, and many destructive weather events that seriously impacted the already battered economy.  These factors in combination have contributed to increased pressure on margins.   Relief is in sight! Margins have been squeezed for years and relief is in sight.  Leverage the upcoming rate increase by growing demand deposit accounts.  In addition to low-cost funds, DDAs also provide a great source of non-interest income.   Now is the time to focus on growth in this area.How can you maximize your revenue potential? Growing your quantity of accounts with quality accounts is the first step.   Attract the right consumer and ensure status as the primary financial institution by onboarding them with an effective new account process to ensure the account transacts regularly and that you’ve built a long-term relationship.One way to ensure quality accounts is using word of mouth advertising to attract consumers seeking a new credit union.  An Ernst & Young Global Banking Survey concluded that 71% of people will consult a friend, family or colleague before selecting their next primary financial institution.   Using a growth strategy that includes referrals and digital technology increases opportunities for quality accounts.   A study done by the Journal of Marketing² shows that referred accounts maintain higher balances, stay longer, and have a higher lifetime value.  Referred accounts also help to attract younger consumers to your credit union.  A recent case study by Velocity Solutions indicates that 58% of referred account holders were between 18 and 38 years of age.2018 can be your year!The next 12 months is the perfect time to expand your checking account base to capture low cost funds, increase non-interest income and gain new financial relationships.  Putting initiatives in place to grow deposits with existing members and gaining new members should be a priority.  ¹The New York Times, “Confident Fed Sets Stage for December Rate Increase,” September 2017.²American Marketing Association’s Journal of Marketing “Referral Programs and Customer Value” by Philipp Schmitt, Bernd Skiera, & Christophe Van den Bulte and American Marketing Association’s Journals of Marketing “Growing Existing Customer’s Revenue Stream Through Customer Referral Programs.”last_img read more

Edsall to face Connecticut for 1st time since leaving program

first_imgPaul Pasqualoni entered last fall’s matchup against Syracuse carrying plenty of history. Pasqualoni and his Connecticut team got the best of the Orange that day, coming away with a 28-21 victory.It was his first victory as a head coach since 2004 — his final season as Syracuse’s head coach.Now Pasqualoni must prepare some of his players for a similar challenge this weekend. The Huskies (1-1) will travel to play Maryland (2-0) on Saturday, with the Terrapins coming off a 36-27 win at Temple.This time, the coach on the other sideline will be feeling nostalgic.Terrapins head coach Randy Edsall was the head coach at Connecticut for 12 seasons, where he guided the program in its transition to Division I. But when the Maryland opportunity came up, Edsall jumped at the chance to lead an Atlantic Coast Conference program and departed from Connecticut.AdvertisementThis is placeholder textSaturday, some of Edsall’s former players will get the rare chance to square up against their former coach, and they’re not hiding their emotions going into the game.“It is not going to be hard to get fired up for that one,” Huskies senior defensive tackle Ryan Wirth told Jim Fuller of the New Haven Register. “Definitely. That is about it; that is all I am going to say about that.”Wirth was one of the last players Edsall and his staff recruited. He took the Maryland job two days after the Huskies lost to Oklahoma in the 2011 Fiesta Bowl.It’s Pasqualoni’s team now, and the former SU head coach led Connecticut to a 5-7 record in his first year with the Huskies, going 3-4 in Big East play. Edsall didn’t fare as well with the Terrapins, finishing 2-10 and failing to win a Football Bowl Subdivision game after a season-opening victory against Miami (Florida).Maryland has already matched its win total from last year, and looks to surpass it against its coach’s former players.As far as Pasqualoni is concerned, though, the ironic matchup makes little difference once the players take the field.“Coach Edsall’s not playing in this game, and there aren’t any coaches on the field,” Pasqualoni said during Monday’s Big East teleconference. “From our standpoint, we’re just going to get ready to play this game and not get distracted by anything else.”For the Huskies to fare better against Maryland, they’ll need to fine-tune an offense that only scored seven points in a loss to North Carolina State last Saturday. Connecticut was held to 239 total yards in the loss, and was held scoreless until Lyle McCombs’ 5-yard touchdown run midway through the fourth quarter.Edsall’s offense fared a little better, racking up 334 yards in the 36-point effort against Temple. A former backup quarterback at Syracuse — where he also spent 11 years as a graduate assistant and assistant coach — Edsall gave the reins of his offense to freshman quarterback Perry Hills to lead his offense against the Huskies. Hills threw for two touchdowns and ran for another against Temple.The professional connections between Pasqualoni and Edsall are deeply rooted. From 1987 to 1990, both worked on the same defensive staff at Syracuse — Pasqualoni coaching linebackers, Edsall coaching defensive backs.Still, Pasqualoni prefers not to dwell on past ties in preparation for this weekend. More important football-related matters, such as working hard in practices and learning assignments, take precedence.“Every game is very precious,” Pasqualoni said Tuesday. “Let’s get ready to play. If you’re distracted, I don’t know how you’re functioning at a high level.”Edsall walks the same line, claiming not to place any special attention on this week’s game.“To me, this is just the third game on the schedule,” Edsall said in a press conference on Tuesday. “It just happens to be against Connecticut.”Edsall, though, didn’t leave the Huskies on the best of terms.After the Fiesta Bowl loss, Edsall didn’t take the plane back to Connecticut with his team, ESPN reported. When the plane touched down, players began to learn of Edsall’s departure by phone and text message, the story said.For then-senior Huskies wide receiver Kashif Moore, Edsall’s actions served as a reminder of sport as a profit-driven endeavor.“At the end of the day, and I learned this when I was getting recruited, this is a business,” Moore said in the story. “We can’t ever forget that.”Pasqualoni and his team have business to attend to on Saturday, trying to beat Maryland to get back above .500 on the season. For Pasqualoni, that’s all the motivation needed.But for the Huskies who experienced Edsall’s sudden departure, the memory of the way he left the team remains.“It is definitely a big game,” redshirt sophomore safety Ty-Meer Brown told Fuller. “He is the coach there; he did a great job here. The way he left, I feel like some people didn’t like that, but I think it’s going to be a great matchup for us.” Comments Published on September 12, 2012 at 12:42 am Contact Kevin: Facebook Twitter Google+last_img read more