Notice to Business Analysis Account
Customers
RE: Earnings Credit Affected by Interest Rate Decreases
The Federal Reserve’s decreases to the fed funds rate in
recent weeks will result in a lower earnings credit for our
Business Analysis Account customers and may affect the
amount of monthly average available balance you need in your
account to avoid a service charge.
If you have questions regarding your
Business Analysis Account or wish to complete an earnings
credit worksheet please contact your banker. This analysis
will help you determine the estimated monthly average
available balance needed to avoid a service charge based on
your business account activity. For questions on this or any
other issue contact the
Financial
Center nearest you or call 1-800-267-3610.
Baylake Bank, ABA Provide Industry Perspectives on Economic
Fluctuations & Deposit Stability
The purchase of Bear Stearns has focused a lot of
attention on the financial services industry and especially
on banks. This has raised some confusion, as institutions
that perform many different types of services are called
“banks.” The American Bankers Association (ABA) pointed out
some key differences.
Continued
Gilson Leads Baylake Bank Lakeshore Region as Market
President Mike Gilson is a familiar face at Baylake
Bank, but has taken on a slightly new role over the past
year. After serving the bank in various capacities for over
35 years, including loan officer and vice president of the
bank’s commercial division, Gilson now heads up Baylake’s
Lakeshore Region as President in the area.