Financial Education

Safeguarding Against a Cyberattack

Posted on October 01, 2024

Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown.

Why You Should Get Pre-Qualified Before Purchasing a Home

Posted on August 22, 2024

Buying a home is one of the most significant financial decisions you'll ever make. Whether you're a first-time homebuyer or a seasoned investor, navigating the real estate market can be challenging. One crucial step in the home-buying process is getting pre-qualified for a mortgage. Here’s why you should consider this step before you start house hunting:

Financial Literacy is Key to Effective Money Management for Teens

Posted on July 31, 2024

At Peoples Bank of Alabama, we understand the importance of helping our community’s youth build a strong financial foundation so that they better understand basic concepts like budgeting, simple interest, and establishing and maintaining good credit.

Preventing Elder Financial Abuse

Posted on June 11, 2024

Elder financial abuse robs older Americans of billions of dollars in money, property and other assets every year. As those safeguarding their customers’ finances, community bankers are key watchdogs for monitoring and preventing this abuse.

Discover the Main Types of Mortgages: Find Your Ideal Loan at Peoples Bank of Alabama

Posted on March 14, 2024

Buying a home is an exciting yet complex journey, and understanding the different types of mortgages can greatly simplify the process. At Peoples Bank of Alabama, we prioritize helping you find the perfect loan for your dream home.

What is all the hype with Contactless Cards?

Posted on August 02, 2023

One of the newest ways to make an in-store purchase is with a contactless debit or credit card. What is a contactless card? Is it safe to use? Where can you use them? Keep reading to get answers to these questions and more.

Help Prevent Fraud with MyCardRules

Posted on January 18, 2023

Get a new year started the right way by taking steps to prevent fraud by using MyCardRules.

Can You Spot a Phishing Scam?

Posted on October 03, 2022

Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse.

Travel Best Practices

Posted on June 23, 2022

According to ustravel.org, for the first time since the start of the pandemic, travel spending ($100 billion) was 3% above 2019 levels in April 2022. Since peak travel season is upon us, remember these best practices when it comes to your financial life.

A Bank Account Protects Your Money

Posted on May 16, 2022

You work hard for your money and protecting your money from loss is important. Storing large amounts of cash at home is risky. Continue reading to learn why your money is safer in a bank than it is at home.

Protect Yourself Against Identity Theft

Posted on April 01, 2022

Protecting yourself against Identity Theft is a full-time job in today’s environment. Continue reading to learn about basic precautionary steps you can take, how to detect when your information is compromised, and we’ll also tell you about a new security benefit offered to Peoples Bank of Alabama customers at no cost!

Personal Loan or Credit Card

Posted on July 20, 2021

A common challenge that all banks face is efficiently originating smaller dollar loans to satisfy customer needs without losing money due to the cost of loan origination and servicing. With that being the case, most banks find it necessary to establish a minimum loan amount and offer a credit card application for those requests that fall below the threshold.

The 5 C's That Almost Ruined Banking, Part 5

Posted on November 09, 2020

Conditions vs Carelessness - outside of plaza branch

Knowledge is power and we believe in empowering you with knowledge about banking to help you better manage your business. No matter your business's life cycle you can benefit from knowing the difference between the 5 Fundamental C's and the 5 Detrimental C's of credit. In part 4 of this 5 part series, we take a closer look at Conditions vs Carelessness.

The 5 C's That Almost Ruined Banking, Part 4

Posted on October 05, 2020

Collateral vs Certainty - outside of plaza branch

Knowledge is power and we believe in empowering you with knowledge about banking to help you better manage your business. No matter your business's life cycle you can benefit from knowing the difference between the 5 Fundamental C's and the 5 Detrimental C's of credit. In part 4 of this 5 part series, we take a closer look at Collateral vs Certainty.

The 5 C's That Almost Ruined Banking, Part 3

Posted on August 14, 2020

Capital vs Compensation - outside of the plaza branch

Knowledge is power and we believe in empowering you with knowledge about banking to help you better manage your business. No matter your business's life cycle you can benefit from knowing the difference between the 5 Fundamental C's and the 5 Detrimental C's of credit. In part 3 of this 5 part series, we take a closer look at Capital vs Compensation.

The 5 C's That Almost Ruined Banking, Part 2

Posted on July 13, 2020

Capacity vs Caffeine - outside of plaza branch

Knowledge is power and we believe in empowering you with knowledge about banking to help you better manage your business. No matter your business's life cycle you can benefit from knowing the difference between the 5 Fundamental C's and the 5 Detrimental C's of credit. In part 2 of this 5 part series, we take a closer look at Capacity vs Caffeine.

The 5 C's That Almost Ruined Banking, Part 1

Posted on June 15, 2020

Character vs Camouflage - Outside of plaza branch

Knowledge is power and we believe in empowering you with knowledge about banking to help you better manage your business. No matter your business's life cycle you can benefit from knowing the difference between the 5 Fundamental C's and the 5 Detrimental C's of credit. In part 1 of this 5 part series, we'll provide an overview of each and take a closer look at Character vs Camouflage.

PPP Flexibility Act Information

Posted on June 12, 2020

On June 3, 2020 the Paycheck Protection Program Flexibility Act of 2020 was passed in both the House and Senate. This Act was signed by President Trump on Friday, June 5th. Read more about how the changes passed in this Act can benefit you during the forgiveness period.

Paycheck Protection Program - Loan Forgiveness Best Practices

Posted on April 29, 2020

Mask with man blurred in background on laptop

Many people across the country have spent countless hours working hard to provide Paycheck Protection Program loans to millions of businesses. However, receiving loan funds is only the beginning. Documenting and applying for loan forgiveness is a critical step and in this blog, we discuss best practices you need to follow.

New Year Banking Resolutions

Posted on January 29, 2020

3 ways to make 2020 your best banking year ever

Ready or not, a new year is here and we want to help your business succeed. Over my 30+ year banking career, I've worked with all kinds of businesses. I've discovered that those who have a stress-free and strong banking relationship have these three things in common.

Top 5 Reasons Small Businesses Fail

Posted on August 19, 2019

Making the move from employee to business owner is a big risk, and unfortunately more start ups fail than succeed. We love small businesses and want to help them thrive. Continue reading to find out the top 5 reasons small businesses fail to avoid these mistakes.

Make Life and Christmas Less Stressful

Posted on July 22, 2019

The calendar has officially reached the half way point of 2019. First, pause for a moment and reflect on how fast 6 months ticked by… if your life is anything like mine, it feels like time is ticking away faster and faster. So if you think the first half of the year has flown by, don’t you think the second half will as well? So, I have to ask, are you prepared for Christmas?

Top 5 Things To Know When Looking For A Mortgage Loan

Posted on July 15, 2019

A mortgage is a big decision for you and your family. It's important to be knowledgeable about the process, because unlike a board game your decisions have much bigger consequences. Read these 5 things to know when looking for a mortgage loan to help you make the best decision.

3 Areas Of Review For Better Management Of Business Cash Flow

Posted on May 24, 2019

Managing cash flow is an essential step to maximize growth and profitability in today’s business environment. Understanding the overall payables/receivables cycle will lead to lower costs, time efficiencies, increased control and fraud prevention.

3 Qualities for Strong Passwords

Posted on May 06, 2019

One of the most vital tools that we use every day when it comes to technology is a password. Unfortunately, it's also one of the things we all hate to manage. Even with the advancements in password replacement technologies, we are still several years away from completely eliminating them. In this article, learn three qualities all passwords need to keep you and your information protected.

Better Understand SBA Lending - 3 Questions & Answers

Posted on April 15, 2019

In my 30+ years working in banking, I've helped many business owners better understand the options available to start, grow or expand their business. In working with the Small Business Administration, we expand the lending options available to help businesses maximize cash flow. Understanding the answers to these three questions can help you and your business make the best decision for your future.

Protect Yourself: Watch Out for These Common Scams

Posted on January 31, 2019

There are people in the world who would love to scam you out of your money. Here are three common scams that you need to know so you can avoid them.

What is a Money Market Account and How Does It Work?

Posted on January 23, 2019

female banker shaking hands with customers sitting at a desk

You may have heard of a money market account. What does it do and why would someone want one versus a savings account? Find out here.

Travel Smart with These Personal Banking Tips

Posted on December 14, 2018

Want to keep you and your budget safe when you travel? Here are three personal banking tips every traveler should follow for each trip.

4 Ways to Save Yourself from Debit Card Fraud

Posted on December 04, 2018

action shot of people in front of ATM bank

Debit card fraud costs victims thousands of dollars each year. Here are four steps you can take to limit your risk of becoming another victim.

Money Leaks & Budget Killers

Posted on September 14, 2018

banker at desk smiling at customer with tablet

It’s easy to avoid large, extravagant purchases like dream vacations or the fully loaded luxury car, but small everyday spending adds up over time. If you’ve ever said, “Where did all my money go?” keep reading to learn how you can plug up the money leaks and stop the budget killers in your spending.

Teen Banking

Posted on September 06, 2018

Sound financial habits don’t have to wait until kids are grown. The best time to start is early so that kids learn responsible banking before they go out on their own and make a bad decision that negatively impacts them for years. We are here to help you teach your teen how to save, spend responsibly and avoid overdrafts. Read on to learn some critical areas to cover when discussing banking with your teen.

Relocating for Retirement

Posted on September 06, 2018

Many people save and plan all their lives with the full intention of relocating for retirement. Continue reading to understand the benefits, impacts and tips for relocating in retirement.

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Financial Education