notes - Greenfield Banking Company

Volume 43
Number Three
September, 2014
notes
TRAVEL PLANS?
Take Precautionary Measures To Deter
Fraudulent Activity On Your Account
In this issue:
Art Gallery
Promotions
Milestones
Customer Notice:
ATM Location - No longer
operated by GBC
Moving or Relocating: Change of
Address Needed
Christmas Club Deadlines
GBC Lending Services
Community Events:
Riley Days
Will Vawter Art Competition
Wealth Management:
Inheritance Choices
Did you know that a few precautionary measures taken before you travel can reduce, or eliminate, the
chances of fraudulent activity on your account? If you plan to travel and use your Debit Card please
contact us with your most current cell phone number, the location and
duration of your travel. GBC’s Fraud Department monitors Debit Card
transactions for suspicious or unusual activity. GBC will attempt to
contact you, by cell phone, during normal business hours, if questionable
transactions occur. So take just a few minutes to contact us.
It might very well assist in the prevention of fraudulent activity on your
account. Keep this in mind for all your travel plans: spring break trips,
summer vacations, those long get-away weekends or Thanksgiving and
Christmas holidays.
Another great service available to monitor your transactions is GBC
Guardian. This new service gives our cardholders the ability to receive
text alerts to help identify potentially fraudulent transactions on their GBC
Debit Cards. Cardholders can receive text alerts to their cell phone for
their enrolled KeyCard Debit Card, HSA Debit Card, ATM Card & Equiline
Debit Card. Multiple devices (up to 10 per card) can be enrolled to
receive the alerts.
This service has a complex system for helping to identify transactions
that could be fraudulent and works in addition to our regular fraud
department. Here’s how it works:
When a transaction triggers an alert, a text message is sent to the enrolled phone number describing the
transaction. The text receiver can either:
1) Ignore the message and this indicates that it is a legitimate transaction, or
2) If it’s an unauthorized transaction, respond precisely as instructed in the text message. If you respond
with anything different than instructed in the text message, the system will not recognize it and your
reply will be ignored.
The system allows the cardholder up to 12 hours to respond. “Do Not Disturb” time can also be set up,
during which messages will be held for later reporting.
GREENFIELD BANKING COMPANY
To enroll in GBC Guardian for added protection, just click on the link on our website and follow the
directions: www.gbcbank.com
As always, please contact your favorite branch should you have questions concerning this and any of our
other services.
Artwork By Larry Fentz
Greenfield Banking Company’s Art Gallery will feature the artwork of Larry Fentz during September and October, 2014.
“My enthusiasm for watercolor painting was realized and became undeniably evident with my first introduction to the
medium. It is still my passion today and is something I am constantly aware of.”
Those are the words of Larry Fentz, who shortly after high school and for the next several years worked for a few
commercial art and design studios in Indianapolis which got his foot in the door of the art world.
In the mid 70’s Larry took weekly watercolor classes for two years with artist Luke Buck, an instructor, mentor and now
close friend. As a result, watercolor painting became a passion that Larry has pursued ever since. He has also had the
honor and privilege of studying under other such renowned watercolor favorites as the late, great Zoltan Szabo, Sterling
Edwards, Tony Couch, Frank Webb, Don Getz and others.
Larry is highly influenced by his many workshop instructors, teachers, mentors, artist peers and is always learning from his
visual surroundings and extended travels. He is always looking at things from a different perspective – studying shapes,
values, composition, colors and the way they relate to each other – quite often completely immersed in a thought pattern
all his own. If you were to ask his grade school teachers, they would call it daydreaming, but with this artist there’s no
doubt it is a state of constant visual awareness that demands his undivided attention. He says that “Daydreams are
undeveloped gifts waiting to be realized and acted upon.”
Larry Fentz
www.larryfentz.com
Larry has exhibited and sold paintings in juried shows such as the Hoosier Salon – Indianapolis, Indiana; the Castle
Gallery – Fort Wayne, Indiana; Minnetrista Cultural Center – Muncie, Indiana; and Strokes of Nature – Eagle Creek Park,
Indianapolis, Indiana. He is a member of the Kentucky Watercolor Society, the Watercolor Society of Indiana and the
Hoosier Salon in Carmel, IN. His paintings are also vested in several private collections.
For over 30 years Larry has been a professional staff artist for the Garfield comic strip, which is in worldwide syndication in
over 2,100 newspapers, 111 countries, and 26 languages. During this time he has worked in several mediums. His work
with airbrush, inking, and design spans the gamut of the comic strip and merchandising industry. He has created art for print,
apparel, publications and collectibles for such licensees as Andrews McMeel Publishing, Balantine Books, Danbury Mint and
Scholastic to name a few.
With the comic strip having entered the digital age, the tools of the trade have changed. Computer software, including Adobe
Illustrator and Photoshop, now replace hand-inking, coloring, and airbrushing. Apparently you can teach an old dog new
tricks.
The public is invited to view Larry Fentz’s artwork in Greenfield Banking Company’s Art Gallery during September and October, 2014. The Art Gallery, located
on the second floor of the Main Office, 1920 North State Street, Greenfield, IN is open to the public during normal business hours: M – TH, 9 – 5; Fri, 9 – 6;
Sat 9 – Noon.
Employee Promotions
Employee Milestones
Greenfield Banking Company’s
Board of Directors
has announced the following promotions:
The following employees were recognized for reaching employment milestones
during June, July and August, 2014.
T
J
D
S
P
A
roy Griesmeyer
has been named
an Assistant Vice
President and Trust
Officer.
tacey Wixson
has been named
a Trust Officer.
2
udy Swift
was recognized
on June 1, 2014 for
45 years of service.
attie Jessie
was recognized
on July 6, 2014 for
10 years of service.
rew Mulligan
was recognized
on June 15, 2014 for
15 years of service.
dam Schultz
was recognized
on August 16, 2014 for
10 years of service.
Please Take Note...
GBC: Meeting The Lending Needs Of Our Customers
CUSTOMER NOTICE:
ATM - Termination of GBC Affiliation
Greenfield Banking Company is your full-service lending institution.
We offer a wide selection of loans:
Effective October 24, 2014 the
ATM located near the Murphy’s Oil
Gas Station on North State Street,
Greenfield, IN (parking lot west of
Walmart) will no longer be operated
by Greenfield Banking Company.
As of October 25, 2014, foreign ATM
useage fees may apply.
Moving or Relocating to A Warmer
Climate for the Winter Months?
Did you know that the
US Postal Service will not
forward mail from your financial
institution? If you are moving
to a new address or relocating
Kitchen
to a warmer climate for the
Linens
winter months please contact
GBC with your new address
and contact information. This
helps to ensure you continue to receive important financial
documents such as monthly statements and year-end
reports. Undeliverable mail will be returned to the bank.
Contact us at:
Greenfield Banking Company
Attn: Bookkeeping Department
1920 N State St
Greenfield, IN 46140
317-462-1431, x 267
Real Estate Mortgages: Build your dream home or refinance your castle!
Equiline: A revolving line of credit secured by the equity in the home. A Discover®
Debit Card and checks provide convenient options to access your line-of-credit.
Installment Loans: Purchase that dream car or take that overdue vacation.
Overdraft Loans: A line of credit that is extended to your checking account.
Agriculture & Business: Includes development loans, equipment loans, builder’s and
construction loans.
Contact a Loan Officer at your favorite branch for more details and see how GBC can
fill your lending needs. And, ask about our convenient payment options: Automatically
deducted via NetTeller, Greenline, ATM, mail or in person at any branch.
Member FDIC | Equal Housing Lender
Community Events
The Riley Festival is October 2 - 5, 2014, downtown Greenfield, IN.
Greenfield Banking Company serves as corporate sponsor of the
Entertainment Tent and a free performance by The J Taylors during Opening
Ceremonies Thursday evening, October 2, 2014. The J Taylors take the stage
performing a selection of country music with vocal harmonies and a variety of
instruments.
The Entertainment Tent is located in downtown Greenfield, IN at the intersection of West
South Street and State Street (SR 9). For more information about the Riley Festival visit:
www.rileyfestival.com.
Reminder: Contact us anytime you relocate.
Christmas Club Deadlines:
Year 2014 Clubs:
Last over-the-counter payment:
October 15, 2014.
Beth Schwier, Artist
Last automatic payment accepted:
October 15, 2014.
The Will Vawter Art Competition “Best of Show” Award was
presented to Beth Schwier (pictured left). Greenfield Banking
Company serves as corporate sponsor of the award. Results of
the art competition were revealed during a reception at the Creative
Arts & Event Center in downtown Greenfield on Friday evening,
June 27, 2014. The Will Vawter Art Competition is sponsored by
the Hancock County Arts Council. For more information about the
HCAC or the Will Vawter Art Competition visit:
www.hancockcountyarts.com
Check to be mailed the week of:
October 20, 2014.
Remembrance
N
Year 2015 Clubs:
ancy “Hasey” Hasecuster passed away July 10, 2014.
Opening dates: from November 1, 2014 through
December 31, 2014.
Hasey began her banking career with GBC in September, 1968 in
the Bookkeeping Department. In 1969 she transferred to the Credit
Department where she worked until her retirement in 2003. She
continued to work on a part-time basis.
Last day to open/activate a 2015 Christmas Club:
December 31, 2014.
Christmas Club accounts pay no interest and incur
no service charge.
Nancy “Hasey”
Hasecuster
Hasey will be missed by her co-workers and we wish to extend our
condolences to her family.
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GBC Wealth Management
INHERITANCE CHOICES: WHAT WILL YOU LEAVE BEHIND?
If you intend to provide heirs with financial bequests – and you want to preserve family harmony – it’s important to clearly understand the story your
inheritance choices will tell your heirs.
What is equal in the context of family?
One of the most challenging aspects of planning an inheritance is families are complicated. American families are varied throughout the country but their
members tend to fall into one or more of a few broad categories. According to the Key Findings Report in the 2014 U.S. Trust Insights on Wealth and
Worth:
• Single person: About one-fifth of wealthy participants, in a recent survey, had never married or had not remarried after being divorced, separated, or
widowed (a small percentage are cohabitating).
• Traditional marriage: About three-fourths of affluent Americans are in their first marriage and two-thirds
have children.
To schedule a free appointment,
please contact our
Wealth Advisor, Jason White.
• Blended marriage: The Silent Generation (24 percent) and Baby Boomers (17 percent) are more likely than
younger generations to have blended families, meaning they have remarried after being widowed or divorced
and may have step-children.
• Multi-generational household: Generation X (11 percent) and Millennials (32 percent) are more likely to
live in multi-generational households, meaning they either live with siblings, parents, or grandparents, or have
adult children, parents, or grandparents living with them.
In the context of family, what seems like the simplest choice – dividing assets equally among all of heirs –
becomes quite tricky because equality is in the eye of the beholder. A grown son may believe he deserves a
bigger slice of financial pie because his family has the most children. A daughter may believe she deserves
more because she was the primary caregiver when you were ill. Mix subjective judgments about fairness with
the complexities of modern American family structure and inheritance issues can become quite touchy.
Minimizing inheritance disputes
Determining an equitable division of assets is never easy, not even for single parents or couples in traditional
families. One child may suffer a disability, have an addiction problem, run the family business, be less
successful than siblings, or have made life decisions parents are uncomfortable supporting. If your family
circumstances necessitate an uneven distribution of assets, there are a myriad of ways to try and minimize the
conflicts that may accompany the decision. These include:
Jason White
JD, AAMS, CPWA®
Vice President
Certified Private Wealth Advisor
Greenfield Banking Company
1920 N State St, Greenfield, IN 46140
317-467-7037, x229
jwhite@gbcbank.com
www.gbcbank.com
• Acting discretely. If you’ve decided an unequal division of assets is necessary and know your children
will not be happy with your decision, consider establishing a discreet trust for each child. The advantages
of discreet trusts are they can be funded unequally and each one can have completely different distribution
triggers and incentives. In addition, each child will only be apprised of the provisions of his or her trust unless the information is shared. Make sure the
assets that will fund each trust are properly titled.
• Establishing a shared trust. If you distribute the majority, but not all, of your estate equally among heirs, the remainder (perhaps one-fifth or onequarter of the assets) can fund a shared trust to be used when an heir has an emergency need. The trust should have an objective third-party trustee who
will be responsible for distributing funds fairly.
• Choosing your executor carefully. Some say it’s best to follow family hierarchy and make your oldest child executor. Others say it’s best to choose a
family member who is organized, hardworking, honest, and a good communicator. Still others will suggest you appoint a committee of executors because
of the checks and balances a group provides. No matter what you decide, make sure everyone understands your choice.
• Explaining your thinking. The difference between family harmony and an ongoing feud may be determined by how clearly you communicate with your
family. The Wall Street Journal suggests, “Whenever possible, try to be open about your inheritance plan while you are still alive, so every family member
truly understands it, minimizing the chances for suspicions to arise later. If you don’t want to have this difficult conversation while you are alive, you can
write a letter or make a video elaborating on the reasons and thought process behind your plan and making it clear that these decisions are yours alone.”
There is no right or wrong answer when it comes to inheritance. Parents will make decisions based on their knowledge of family dynamics and individual
needs. The AAII Journal suggests taking “a multi-faceted approach that combines psychology, good lawyering, a lot of self-awareness, and a good dose of
common sense.” If you haven’t recently, you may want to review your will and estate plans with your financial advisor and/or attorney.
GBC Notes is published quarterly for customers of Greenfield Banking Company to provide information
about the Bank, educational banking tools and community involvement. This newsletter is published solely
for informational purposes and we believe its contents to be reliable but acccuracy is not guaranteed.
4
Published by:
Greenfield Banking Company
Marketing Department
1920 N State St.
Greenfield, IN 46140
(317) 462-1431, x264 or x290
www.gbcbank.com