Copyright 2014

July 8 Community News

Written by Super User

Today

Car seat check

Greenville Fire-Rescue will provide free car safety seat checks from 9:30 am to 4:40 pm at Station 1, 500 S. Greene St. Trained experts will ensure child seats are installed correctly. No appointment is necessary. Visit the Greenville Fire-Rescue Facebook Page for more information.

Coming up

SPLASH event

Safe Kids Pitt County, Greenville Fire-Rescue and Chick-fil-A of Winterville will present Make a Summer SPLASH (Safety and Prevention Leaves All Swimmers Happy) event from 11 am to 2 pm on Saturday at Chick-fil-A, 4239 Winterville Parkway. Learn about safety in and around water from public safety experts at this free event, held in memory of Devantae Dortch. Kids will be able to enjoy water games, giveaways and more.

Food vendors needed

Uptown Greenville and the Greenville Police Department are seeking food trucks, tents and push carts for the annual National Night Out festival on Aug. 2. The event is a community-building campaign that promotes police-community partnerships and neighborhood camaraderie to make cities safer and better places to live. Vendors must be fully permitted and submit an application, including a copy of a Temporary Food Permit from Pitt County, by July 20. Contact Uptown Greenville Intern Sydney Darden at 252-561-8400 or email This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.

Youth Extravaganza

Sycamore Hill Missionary Baptist Church, 1001 Hooker Road, will host a Homecoming Youth Extravaganza from noon-3 pm on Aug. 6. The church is looking for youth to display their talent. Call 252-756-4869 ext. 202 and speak to Sister Audrey or email This email address is being protected from spambots. You need JavaScript enabled to view it. to sign up.

Winterville meeting

The Winterville Town Council will hold a special called meeting at 5 pm on Monday in the Town Hall Assembly Room, 2571 Railroad St.. Discussion will include allowed uses in the agricultural-residential zoning district, a requested change in the off-premise advertising regulations and the results of the Fire Department master plan, followed by a closed session. The meeting is open to the public; however, public comment will not be received. For questions or additional information contact Terri L. Parker, town manager, at 252-215-2340 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Walking for Diabetes

Rofelt Pasha Court No. 108 and Rofelt Pasha Temple No. 175 will sponsor Walking for Diabetes on July 16 at 422 Lexington St., Rocky Mount. Registration begins at 8 am and the event begins at 9 am Free health screenings and informational handouts will be available. Contact Belinda Wilkins at 252-367-1005.

Bank on Your Success

The Pitt Community College Small Business Center will present a roundtable discussion on business banking basics from 11:30 am-1:30 pm on July 20 at Pitt Community Colleges Farmville Center, 3781 Main St., Farmville. The course will provide participants with information on financing, electronic payment processing, managing cash flow, insuring assets and taking care of employees. Guest speaker will be Elba Barnaby. Bring a lunch. For more information call 493-7528 or register at https://www.ncsbc.net/workshop.aspx?ekey=380360085.

Visit reflector.com/communitycalendar for a full listing of events.



Goldman Sachs Returns To Its Roots With $1 Accounts

Written by Super User

Goldman Sachs Group Inc (NYSE: GS) has for over a century been associated with uber-wealthy investors and corporate titans, handling exclusively deals with astronomical values. With such a reputation, the introduction of GS Bank, which accepts deposits as low as $1, may seem counter-intuitive.

Seen in the light of a recent Bloomberg article, however, it may seem more like Goldman is getting back to its banking basics. In the mid-to-late 1800s, the banks founder Marcus Goldman undoubtedly made use of the savings bank a safe alternative for hardworking Americans looking for a safer place than their mattress to hold the savings that they struggled to obtain.

Related Link: Analysts Compare JPMorgan, Citigroup And Other Big Banks Capital Plans To Expectations

In US guidebooks passed between Jewish immigrants, savings banks were recommended as safe havens for immigrants money. According to one such book, An account can be opened with as small a sum as $1. Goldmans present day CEO, Lloyd Blankfein, was born and raised in a neighborhood of working-class Jewish immigrants and their children and grandchildren. It could be that his upbringing, then, was the impetus behind GS Bank.

GS Bank offers an online savings account with a 1.05 percent annual yield that can be opened with as little as $1. According to Bankrate.com, thats the highest annual percentage yield offered by any online money market account without a minimum to open (a minimum above $1, that is.)



US Steel settles suit over Ligonier condos; FTC warns on eyeglass prescriptions; Pa. offers help with banking basics

Written by Super User

US Steel settles suit over Ligonier condos

US Steel settled a lawsuit brought by a real estate firm after the Pittsburgh steelmaker rejected two all-cash offers for a Ligonier condominium it owns. Berkshire Hathaway HomeServices was seeking the $31,800 commission it would have earned based on the top offer of $636,000. US Steel listed the property at $435,000. Allegheny County Court of Common Pleas records indicate the real estate agents attorney notified the court on April 29 that the matter had been settled. Terms were not disclosed.

FTC warns on eyeglass prescriptions

The Federal Trade Commission issued warning letters to 38 firms for potential violations of the federal eyeglass rule, which ensures consumers right to comparison shop for prescription eyeglasses. The rule requires prescribers to give patients a copy of their eyeglass prescription immediately after an exam. Prescribers cannot require that patients buy eyeglasses as a condition of receiving their prescription. Federal rules also mandate that patients fitted for contact lenses be provided with their contact lens prescription.

Pa. offers help with banking basics

For anyone having a problem with a checking or savings account, a new brochure published by the Pennsylvania Department of Banking and Securities may help. The brochure, Banking Basics, goes over types of accounts, lists questions to ask before opening an account and lists where to go for help. The brochure can be downloaded from the departments website at www.dobs.pa.gov/Documents/Publications/Brochures/Banking%20Basics.pdf.

New York-based Mamp;T Bank pays $64M to settle federal probe

Federal authorities say Mamp;T Bank has agreed to pay $64 million to resolve allegations that it knowingly produced mortgage loans that were federally insured but didnt meet the applicable requirements.In the settlement announced by the US attorneys office, the Buffalo, NY-based bank acknowledges that from 2006 to 2011 it certified mortgage loans for Federal Housing Administration insurance that didnt meet Department of Housing and Urban Development underwriting and FHA quality control requirements.According to federal prosecutors, HUD incurred substantial losses when it paid insurance claims. A bank spokesman said the bank decided to settle without admitting liability to avoid potentially expensive litigation.




New report shares details about Global Retail Banking Industry

Written by Super User

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ATB opens doors to new, innovative support for Alberta entrepreneurs

Written by Super User

CALGARY, May 3, 2016 /CNW/ -#160;ATB Financial, Albertas largest homegrown financial institution, has come up with a new way to further its support of the provinces entrepreneurs. Already the leader in Alberta when it comes to small and mid-sized business lending, ATB is now introducing the ATB Entrepreneur Centre: a first-of-its-kind dedicated space designed specifically for entrepreneurs. Its a place business owners can meet to share ideas, garner support and learn from banking and business experts.

ATBs first Entrepreneur Centre has officially opened at its Uptown branch on Calgarys 17th Avenue.

Being an entrepreneur can be tough. And sometimes it can be pretty lonely, said Wellington Holbrook, ATBs Executive Vice-President, Business amp; Agriculture. We understand that owning your own business can be filled with moments of exhilaration, fear, success and challenges. We can stand beside entrepreneurs through those moments so they can operate their businesses with confidence.

ATB is the first financial institution in Alberta to offer a resource centre with dedicated support to help entrepreneurs launch successful businesses and take on whatever challenges they face. ATB will also partner with other business experts to offer free workshops to business owners—whether they are ATB customers or not. Of course, ATB will cover topics such as banking basics for entrepreneurs, understanding types of capital, managing cash flow, investing in commercial real estate and analyzing financial performance. But advice for entrepreneurs will go beyond banking, with additional workshops and sessions covering:

  • How can my business become a social enterprise?
  • Dealing with divorce as an entrepreneur
  • Crowdfunding is it a fit for my business?
  • Social media 101
  • How can I learn from my failures to arrive at success?

A second ATB Entrepreneur Centre will open in Edmonton later this month with plans to expand to more locations in the not-too-distant future.

Meanwhile, ATB has completed its second-best fiscal year ever when it comes to loan authorizations to small and mid-sized business. In the fiscal year ending March 31, 2016, ATB authorized 14,742 loans worth a total of $3.1 billion. That helped ATBs outstanding loans grow by $696 million and pushed ATBs total small and mid-sized business loan portfolio to $7.4 billion.

ATB also approved 370 loans to entrepreneurs authorized through the Canada Small Business Financing Program (CSBFP) during the 2015-16 fiscal year, worth a total of $90.3 million—more than all other financial institutions in Alberta combined. It also represents an increase of 323 per cent over the amount of CSBLA loans ATB authorized in the previous year.

And ATB finished the year with 2,583 more business customers than in the previous year, meaning ATB now supports over 90,000 business customers in Alberta.

Our increased wholesale borrowing agreement with the Province has helped us expand our support to Albertas entrepreneurs, added Holbrook. While we did notice a slowdown in loan activity in our fourth quarter, theres still good business happening in Alberta.

SOURCE ATB Financial

For further information: Barry Strader, Corporate Reporter, ATB Financial, 780-495-1343 (office); 780-886-4398 (mobile), This email address is being protected from spambots. You need JavaScript enabled to view it.

RELATED LINKS
http://www.atb.com