Fremont Bank

Our Head of Trust & Estates Group, Leandro Vicuña, JD brings over two decades of experience in supporting families, business owners, and nonprofit organizations to his role. And now, he will be able to gain additional insights from industry thought leaders from around the world as he joins the Forbes Finance Council. A decorated and proven leader, Leandro was vetted and selected by a review committee based on his depth and diversity of experience. He joins members from around the globe, including the United States, United Kingdom, Singapore, and India, who serve as C-level executives, controllers, VPs, and partners on the Council, with the goal of helping each other and their communities thrive. Please join us in congratulating Leandro on this achievement, and look out for his expert articles coming soon to Forbes.com.

Did you know that today is National Financial Awareness Day? There’s no better time to revisit your budgets and brush up on financial best practices—like budgeting, managing expenses, investing, and more. If you're ready to dive in, head over to our blog to learn more about balance sheets and income and cash flow statements: https://bit.ly/46ttugC

Top-notch fraud and security are not negotiable when it comes to banking, and as the landscape became even more sophisticated over the last 60 years, we have evolved along with it. One of the best moves in our evolution has been to recruit top talent to tirelessly keep our bank and your accounts secure. From investigating fraudulent activity to recovering bank losses, Senior Fraud Investigative Analyst, Anthony Peixoto, is one of our fraud heroes. Please join us in learning more about him in our Associate Spotlight. https://lnkd.in/eVZRhcyB

Balance sheets, income statements, and cash flow statements offer incredible insights into your business, if you know how to use them. You can see if you're generating a profit, how your business as a whole is performing, and learn a ton about operations costs. Every business should have them, but there's no shame if you need a little more help on when to use them and how to create them. Here is a primer on these three financial statements to get you started: *Balance Sheet - Tracks assets and liabilities and can be used to determine your company’s net worth at the moment *Income Statement - Focuses on revenue, expenses, gains, and losses to provide a tally of income and expenses during a set period *Cash Flow Statement - Tracks money going into and out of your business *The three financial statements are interdependent. Net income is a link between the income statement, balance sheet, and cash flow statement, feeding into retained earnings and marking the starting point for the cash from operations section. If you need help with any of these, our financial advisors are ready to chat with you today. Drop us a comment, and we'll connect you.

For most of us, Morse code is not in our repertoire–one would need a decoder ring to translate the message. The FOMC meeting concluded this week, and investors intensely looked for clues on the Fed’s target date to start cutting interest rates. Whether you say “dots and dashes” or “dits and dahs,” it does not matter. The FOMC written statement tends to be more cryptic in nature as they resist providing definitive forward guidance. While we as individuals may be confounded by the Fed’s cryptogram, the market clearly decoded the message that interest rates will come down soon. Read more:

If you haven’t already heard, Donald Marek has been promoted to President of Fremont Bank and we couldn’t be more excited for what lies ahead. Don has held numerous executive management roles during his 15 years at Fremont Bank, most recently leading our Commercial Lending Group. He is an exceptional leader who embodies our culture and is committed to being accessible as he works directly with our clients and management team to ensure we understand and meet their evolving needs. CEO Andy Mastorakis emphasizes, “Don understands and respects our history, and he brings tremendous passion to work every day – he loves Fremont Bank. Most importantly, Don shares my desire, and that of our Board of Directors, for Fremont Bank to successfully serve Bay Area communities as an independent bank for decades to come.” Read more about Don, and the additional promotions officially announced today: https://prn.to/3WspLvi

Whether your small business needs funding to grow or day-to-day funds to run efficiently, a grant can be the perfect solution. Grants are often financial awards that don't have to be repaid, and they can also include training, supplies, and more. Our small business experts rounded up grants because we're not just any bank—we're your premier Bay Area community bank, and we want you to know what options you have when taking the next step in your business's journey. Click through and apply online or save for when your business needs a financial boost. https://bit.ly/3WBRECt

At Fremont Bank, our enduring mission to make a positive impact on the Bay Area has been a cornerstone of our philosophy since our inception 60 years ago. Just like you, we live and work in the Bay Area, and we know the importance of improving the lives of those around us. We're proud to be recognized for the work we do toward our mission, once again, for the 20th year in a row, by being named to San Francisco Business Times' Top Corporate Philanthropists list. You can find us at #26 on the list, and we encourage you to learn more about the other great businesses that are positively impacting our lives in the Bay Area every day. Member FDIC https://bit.ly/3SrmlYl

The most important part of any acceptance speech is thanking the people who got you here, and while we didn't win an award per se, we're still pretty proud of serving our community for 60 years and throwing Fremont's first-ever Block Party in celebration. 🙌 So thank you, our community, our neighbors, our clients, our friends, for showing up to celebrate this place we all call home and for helping us reach this massive milestone. And a special thank you to the City of Fremont for their partnership in making this the event of the year. If you haven't already, now's the time to come by and see us in our new flagship branch in downtown Fremont. https://bit.ly/3w4ACCb

Planning for the future should always include reflecting on the past—learning from your missteps, gaining insights from important events, and reminding yourself of your ultimate goals. As we plan for the next 60 years of supporting families and family businesses in the Bay Area, we are doing just that. And what we see is a history we can be proud of. One filled with helping our community achieve their dreams, serving as a constant during times of volatility, and strengthening our community by investing locally. Today, yesterday, and in the future, we're here for you. Learn more about Fremont Bank here: https://lnkd.in/ebDJvYkN