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Entrepreneurs’ Most Valuable Resource - The Community Banking Relationship
Ray David is the President of PointBank, an independent and locally owned bank serving the Denton County community since 1884. PointBank has won the award for ‘Best of Denton County,’ since 2009. They’ve also been awarded for ‘Best Personal Bank,’ ‘Best Business Bank,’ and ‘Best Commercial Bank.’
On today’s episode, Ray sits down with me and shares some of the hidden benefits of working with a community bank. He also details the differences between a community bank and a big bank. He is part of a series I’ve been creating especially for business owners who are seeking alternative ways for funding and growing their business. Find out more how a community bank can help you and your community.
Show Notes
[3:05] How does Ray help business owners succeed with his community bank?
[4:40] What is the definition of a community bank?
[6:15] What makes a community bank like PointBank different?
[9:45] What’s going on with community banks these days? There seem to be fewer of them in existence today than in days past.
[10:35] Due to strict and costly regulation, a lot of community banks are merging with each other, just to keep up with the cost of regulation.
[12:00] Are community banks going extinct?
[13:55] Now is the best time to strike up a relationship with a community bank.
[14:55] What kind of information does a bank like PointBank need from a client, in order to provide them the best kind of service?
[18:00] Ray talks about the problems of rapid growth, from a startup perspective.
[20:35] How can businesses avoid these costly mistakes?
[23:05] How can a business owner effectively manage their financial reserves?
[25:25] When a client is drawing too heavily on their line of credit, that doesn’t always mean their business is in trouble.
[27:35] What can business owners do to properly educate themselves on cash flow, and their relationship with banks?
[30:35] Ray offers some final thoughts about the extinction of community banks.
Connect with Ray:
Website
Recommended Resources:
Ntsbdc.org
Leave Me a Review:
If you enjoyed this episode, please help me by leaving an honest review on iTunes. Your feedback is important to me. And while you’re at it, don’t forget to subscribe to the Show.
On iTunes On Stitcher
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By Deirdre SanbornRay David is the President of PointBank, an independent and locally owned bank serving the Denton County community since 1884. PointBank has won the award for ‘Best of Denton County,’ since 2009. They’ve also been awarded for ‘Best Personal Bank,’ ‘Best Business Bank,’ and ‘Best Commercial Bank.’
On today’s episode, Ray sits down with me and shares some of the hidden benefits of working with a community bank. He also details the differences between a community bank and a big bank. He is part of a series I’ve been creating especially for business owners who are seeking alternative ways for funding and growing their business. Find out more how a community bank can help you and your community.
Show Notes
[3:05] How does Ray help business owners succeed with his community bank?
[4:40] What is the definition of a community bank?
[6:15] What makes a community bank like PointBank different?
[9:45] What’s going on with community banks these days? There seem to be fewer of them in existence today than in days past.
[10:35] Due to strict and costly regulation, a lot of community banks are merging with each other, just to keep up with the cost of regulation.
[12:00] Are community banks going extinct?
[13:55] Now is the best time to strike up a relationship with a community bank.
[14:55] What kind of information does a bank like PointBank need from a client, in order to provide them the best kind of service?
[18:00] Ray talks about the problems of rapid growth, from a startup perspective.
[20:35] How can businesses avoid these costly mistakes?
[23:05] How can a business owner effectively manage their financial reserves?
[25:25] When a client is drawing too heavily on their line of credit, that doesn’t always mean their business is in trouble.
[27:35] What can business owners do to properly educate themselves on cash flow, and their relationship with banks?
[30:35] Ray offers some final thoughts about the extinction of community banks.
Connect with Ray:
Website
Recommended Resources:
Ntsbdc.org
Leave Me a Review:
If you enjoyed this episode, please help me by leaving an honest review on iTunes. Your feedback is important to me. And while you’re at it, don’t forget to subscribe to the Show.
On iTunes On Stitcher