Looking back at our most read business banking content of 2024
Happy New Year from Westfield Bank! Before we jump into 2025, we’re taking a moment to reflect on the eventful year behind us. What business topics were on your mind in 2024?
Last year’s economic headlines were dominated by topics related to the election, interest rates, inflation, and much more. Let’s take a look back at the content that business owners found the most insightful last year.
- Preventing wire fraud
Does your business utilize wire transfers? To no surprise, as wire transfers have grown in popularity, so has the occurrence of wire fraud. This article highlights three main, actionable steps your business can take today to reduce the risk of wire fraud. These include knowing the types of wire fraud, spotting the warning signs, and setting up security alerts. - Why FDIC insurance is important for your business
When you hear or read a bank claim “Member FDIC,” you might think this is irrelevant fine print. In this article we outline why this designation is important for business deposits, along with the types of coverage, limitations, and requirements to assure your company funds are safe. In fact, since the Federal Deposit Insurance Corporation was founded in 1933, not a single penny has been lost by an individual or business on an FDIC-insured deposit. - Resources for LGBTQ+ business owners
The number of businesses owned by lesbian, gay, bisexual, transgender, and queer (LGBTQ+) individuals is on the rise, yet significant barriers to entry remain for many current and aspiring entrepreneurs. In fact, Ohio is one of many states that does not consider LGBTQ+ people as a protected class, allowing legal discrimination on the basis of sexual orientation and gender identity by lenders. This article highlights resources available to LGBTQ+ entrepreneurs.
As you get ready for the opportunities and challenges in the year ahead, Westfield Bank is here to serve as a collaborative partner to deliver financial solutions tailored to your unique needs.
