Are You a 10?

How do your bank’s merchant services measure up to the competition? MIB has learned of a growing number of issues from some community banks regarding their merchant services solution. Issues range from poor support, price gouging and inflation, punitive contracts and general dissatisfaction due to lack of accountability. When these issues arise with a bank’s merchant customer, the bank often feels the pain; resulting in an unsatisfied customer, or even a potentially lost customer. The […]

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Benefits of Sending International Wires in Foreign Currency

Does your institution currently use MIB’s International Wire platform? If so, you may find the following information helpful.  There are numerous benefits of sending wires in foreign currency that include increased control of exchange rates, reduced delay in credits, and lower transaction fees. Typically, the beneficiary of an international wire does not hold a US dollar account so the currency must to be converted when received by the foreign institution. By sending wires in the foreign currency of […]

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New Congressional Spending Bill Affects Individuals and Businesses

by Andy Biebl, Principal, Tax, CliftonLarsonAllen Most taxpayers are familiar with the end-of-year “extender legislation” activity in Congress: approximately 50 deductions, credits and other taxpayer-friendly provisions that are rolled forward for a year or two at a time. This short-term approach is a budget maneuver, to avoid adding to the published size of the federal deficit. On December 18, Congress finally passed and the President signed the retroactive extender legislation, restoring provisions that expired as […]

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REG F Now on CONTROL

Midwest Independent Bank’s quarterly Regulation F financial statement is now available as a download from CONTROL as well as from the Shareholder/Customer Login on MIB’s website, www.mibanc.com. After logging into CONTROL, navigate your browser to the Resources tab.  Scroll down to RESOURCE DOCUMENTS, Compliance Documentation and click the hyperlink entitled Reg F Statement to download the most current statement available. From the website, enter your username and password, then navigate your browser to the Available […]

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Social Media Bootcamp Webinar Series

MIB is excited to be hosting a webinar series entitled Social Media Boot Camp to be held March – April 2016, 1-2:30 pm (CST) Does your bank need help making the most of social media? Register now for Social Media webinars presented by Digital Strategist Eric Cook as we cover these four key areas: Profile (March 1) – Best ways to ensure that you’re putting your best foot forward with your social network profile Network […]

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