Consumer

The erosions of Silicon Valley Bank, Signature Bank, and most recently First Republic Bank, left many deposit holders across the country wondering … “Are my funds safe?”

At Park Bank, our short answer is: “Yes.”

But there’s more to it than that. We understand if the big bank closures made you raise an eyebrow, and we certainly don’t take your concerns lightly. So, let’s go over why your deposits are safe at Park...

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Banks have been talking about digital transformation for years. When the COVID-19 pandemic hit, it accelerated the pace of digital adoption. There are currently 200 million digital banking users in the U.S., and globally, the number of mobile and online banking users is on track to reach 3.6 billion by 2024. Even with brick-and-mortar banks fully open, four in five clients in J.P. Morgan’s Digital Banking Attitudes Study said they still prefer to manage their finances digitally.

This...

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How many times have you convinced yourself you can tackle a home improvement project, only to find yourself standing in a pile of tools, manuals, paint brushes, and 2x4s? It’s that moment when you realize that no YouTube™ or TikTok™ video is going to rescue you. YOU NEED HELP.

Well, though that’s a dramatic example, it’s also the rationale behind our Interactive Teller Machines (ITMs) and Video Bankers.

We know that most people want to do as much...

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Imagine a world where you show up to buy a latte and realize you left the house so quickly you forgot your wallet. But, because you’d never dare to leave without a phone, you were still able to pay with no problem or hassle…enter the mobile wallet!

A mobile wallet is just that – it stores all of your cards and allows you to make touchless purchases using only your phone – no wallet or card needed!

And now that you’ve enjoyed that surprising convenience,...

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For many entrepreneurs, using personal financial resources to help meet the financial needs of their company is common, especially during those critical start-up years. What most of these entrepreneurs don’t know is that blurring the lines of personal and business finance can have negative outcomes and consequences in the future. Let’s look at the issue from the start:

Personal Credit vs. Business Credit. On the personal side, your credit score is linked...

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