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Cybersecurity Month: Emerging Threats and Current Trends
Post Date: 10/28/2024 At Capital Bank, safeguarding our customers and their financial information is our top priority. One way we uphold this commitment is by making sure our customers stay informed about the latest cybersecurity vulnerabilities. Below are some emerging threats and trends: Ransomware Attacks: Ransomware involves malicious actors or third parties introducing malware into […]
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Cybersecurity Month: Protect Yourself Online
Online safety is a crucial practice to master. Especially today where most of our information can be found online.
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Cybersecurity Month: Social Engineering Attacks
From pretexting to baiting, social engineering attacks are some of the most common ways that hackers and bad actors obtain your private information.
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Cybersecurity Month: Bank Protection and Prevention
From secure banking practices and multi-factor authentication to recognizing phishing scams and avoiding public Wi-Fi risks, we’re here to help you stay vigilant and secure.
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How to Guard Against Business Identity Theft
Identity theft has gotten a lot of publicity and attention lately. Most of this has focused on individuals, but business identity theft is also a growing problem. In fact, the IRS calls business identity theft a “serious threat to business, partnership, estate and trust filers.”
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How to Guard Against Business Email Compromise
Cybercrime in all its different forms is on the rise, and one of the most common types of cybercrime is business email compromise (BEC). Reported losses due to BEC totaled nearly $3 billion in 2023, which made it the second costliest type of cybercrime last year behind only investment scams, according to the FBI IC3 Internet Crime Report. This is an increase of 58% since 2020
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How to Guard Against Mail Theft Related to Check Fraud
Fraud is the largest source of illicit proceeds in the country, according to the Financial Crimes Enforcement Network (FinCEN). Mail theft related to check fraud has become an especially serious problem, with 680,000 reported instances of this type of fraud in 2022 alone.
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Disaster Related Fraud
According to the Consumer Financial Protection Bureau (CFPB)1, scammers often try to take advantage of victims after a disaster or during a crisis, when they might be most vulnerable. And our area has suffered one of the greatest disasters in recent memory with the collapse of the Francis Scott Key Bridge.
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How a Recent Legal Settlement Could Impact the Way Homes Are Bought and Sold
A recent legal settlement by the National Association of Realtors® (NAR) could have a major impact on how homes are bought and sold in the U.S.
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The Risks of Using Attorney-opinion Letters in Lieu of Title Insurance
On April 6, 2022, Fannie Mae introduced attorney-opinion letters (AOLs) as an alternative to title insurance for certain home mortgages to attest that there are no problems with a property’s title. Then last December, Fannie announced that it would expand the types of mortgages it will purchase that rely on AOLs to include condos and properties subject to a homeowner’s association (HOA).
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SBA Loans: An Ideal Solution for Partner Buyouts
Buyouts in partnerships are not uncommon. Sometimes one business partner decides they have different goals from the other or wants to retire or shift into a different line of business.
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Business Tax Strategies for the New Year*
Tax planning is a crucial component of business success. Because as the old saying goes, it’s not how much money you make that counts, but how much money you keep. With tax season approaching, now is a good time to think about business tax strategies. Here are three tax strategies to consider with your CPA […]
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Pioneers of Progress: Recognizing African American Financial Entrepreneurs
In recognition of Black History Month, Capital Bank is spotlighting prominent African Americans who have been pioneers in the financial services industry. These African American entrepreneurs demonstrated a strong spirit of innovation, resilience and impact that changed the financial and business worlds.
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Understanding the Critical Role of a Business Plan
In the dynamic and often unpredictable world of business, having a roadmap is not just useful—it’s essential. This is where a business plan comes into play. It serves as a strategic guide, a blueprint for decision-making, and a vital tool for growing your business.
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How to Prevent Business Check Fraud
With the advent of digital payments, far fewer individuals today use paper checks to pay for goods and services than in the past. In fact, many retailers no longer accept checks for payment. So, it’s ironic that check fraud is currently on the rise.
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Navigating Your Business Journey: The Four Stages and What You Should Be Thinking About
Picture this, you’re on a cross-country road trip. There are going to be pit stops, roadside attractions, maybe a few speed bumps, and definitely some amazing sights along the way. Just like a road trip, the journey of a business is not a straightforward drive.
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Beneficial Ownership: What You Need to Know
Starting in 2024, there are some changes to the information needed to report beneficial ownership to the Financial Crimes Enforcement Network (FinCen). To help you understand what beneficial ownership is, the changes that are being made, and what you need to do to keep your business protected, we put together the following FAQs.
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Naughty or Nice: How to Protect Yourself from Holiday Fraud
Tis’ the season to take advantage of special discounts and savings from your merchant partners. However, it is important to protect yourself and your business when shopping this holiday season. Check out these tips for banking and shopping smart this season and avoid that “lump of coal” feeling. 1. Regularly Monitor + Set Alerts on […]
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Navigating the Shopping Rush – Tips for Small Business Owners
As the holiday season approaches, small business owners everywhere are gearing up for what is often the busiest and most profitable time of the year. The shopping rush, which includes Black Friday, Cyber Monday, and the entire holiday season, presents a unique set of challenges and opportunities for small businesses. Here are some helpful tips […]
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The Top 5 Reasons to Keep Savings in a High-Interest CD Account in Today’s Economy
In today’s ever-changing economic landscape, both consumers and businesses are on the lookout for secure and profitable investment options. One such avenue gaining popularity is the high-interest Certificate of Deposit (CD) account. With the current instability in interest rates, a high-interest CD account offers a stable and lucrative option for savers. Let’s explore the top […]
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Effective Cash Management to Grow Your Business
In today’s highly competitive business landscape, financial acumen is more crucial than ever. If you are an entrepreneur, business owner, or simply someone interested in the world of finance, you may have encountered the term “cash management.” However, do you understand how it can drastically transform your business’s growth trajectory? Let’s explore the intricacies of […]
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The Power of Savings: Why Businesses Should Invest in Certificate of Deposit (CD) Specials
Business is not just about generating revenue and profits. It’s about long-term sustainability and strategic financial management. A part of this strategy is ensuring that the business not only spends money wisely but also saves effectively. This is where a Certificate of Deposit (CD) specials can play a pivotal role. But why should businesses invest […]
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Acquisition and Succession Planning: How Business Loans Can Help You Keep Your Business’s Legacy
As any small business owner knows, the goal of building a business is often much more than just to make a profit. They hope to create a business and legacy that lasts. That’s why succession planning is so important to most small business owners. Appropriate planning can allow a company to continue, even after the […]
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How to Utilize Loans to Mobilize Your Restoration Team
Weather and climate disasters have cost the United States over $2.195 trillion since 1980 due to 323 disasters, according to the National Centers for Environmental Information. In 2021 alone, there were 20 events throughout the nation, from a major wildfire to four tropical cyclones. As a restoration company, you have the tools and expertise necessary […]
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Helping Businesses Recover from COVID’s Impact
As I listen to our business clients talk about how the pandemic has affected their companies, it’s like a hurricane without the wind, a 9.0 earthquake without the shaking, or a wildfire without the flames. Even though businesses haven’t been visibly demolished, many have been eviscerated. The building may be standing but it was quickly […]
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How Company Culture Can Empower a Team to Move Mountains
“One thing I believe to the fullest is that if you think and achieve as a team, the individual accolades will take care of themselves. Talent wins games, but teamwork and intelligence win championships.” That quote from Michael Jordan has been on my mind lately as I reflect on lessons we’re all learning during the […]
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Why Face-to-Face is a Winning Strategy – Even in a Digital World
Unless you’re a service-based business that must get “up close and personal” with clients, it’s likely that your business depends almost entirely on digital tools for most of your communications and interactions. AT&T found that 66 percent of small businesses would fail without wireless technology, while 41% of business owners have plans to increase technology […]
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No Surprises: Approach a Business Loan Application with Confidence
Previously, we talked about cash flow and the importance of bridging gaps before they happen. But do you know how to prepare if your business needs to take on debt? Perhaps you want to expand your business, or you’re pursuing other opportunities. According to a recent report by the Federal Reserve, nearly 60% of small […]
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Bridge Gaps Before They Happen
President Dwight D. Eisenhower famously said, “Plans are useless, but planning is indispensable.” When you’re running a business or organization, it can be difficult to find the time to step back and look at your operations, goals and opportunities. In fact, it’s easy to fall into doing the same thing over and over without realizing […]
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One-on-One: The Value of Listening to Your Clients
With the advent of the digital age, one-on-one conversation is becoming a thing of the past. With it has gone the fine art of listening — one of the most valuable tools for any relationship, both business and personal, using emails as a substitute for really listening and gathering feedback. In fact, if you fail […]
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SBA Loans Explained: How Creative Lending Options Can Turn Business Vision into Reality
Just like individuals making significant purchases or investments such as homes, cars, and education, business owners need loans to start, run, and grow their businesses. But each business and business owner has a unique story and circumstances, and traditional loans are not always the best fit for those needs. That’s where the U.S. Small Business […]
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Rethinking Employee Retention Strategies
With unemployment rates at a historic low in many sectors, it’s no surprise companies are looking for ways to retain their existing employees and position themselves competitively when recruiting new hires. Capital Bank is no exception. Based on our experience, we’ve found that a key factor in attracting and retaining employees is benefits — defined […]
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Thinking Ahead
Capital Bank, N.A. is a community-focused, federally chartered, bank focused on serving the diverse needs of business owners in the greater D.C. Metropolitan area. Our success is directly related to partnering with our clients and helping to customize business-banking solutions that bring their vision to life.
That’s what built ‘Thinking Ahead’- endeavoring to deliver actionable insights on trending business and economic issues.
