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Cornhusker Bank is pleased to welcome you to our blog. You’ll find tips and advice from our collaborative associates, as well as updates on the bank and events. Cornhusker Bank associates feel it is important to share insights and we love bringing you into the conversation. Our posts on this blog are an extension of our relationship with you, and we hope you find value here which proves our commitment to your success!

Cornhusker Bank Announces Promotions of Steinhoff and Rains

Cornhusker Bank is pleased to announce the promotions of Emily Steinhoff to Operations Officer and Tyler Rains to Vice President/Portfolio Mortgage Loan Officer.

Emily Steinhoff has been with Cornhusker Bank since 2009 serving in different capacities in the Operations Department.  She is certified as an Accredited ACH Professional and a National Check Professional.  Emily completed the Bank’s Emerging Leader Program.  She is integral in the completion of all Operations Center tasks.  Crystal Wichita, COO, and Emily’s supervisor, noted, “Emily embodies the bank’s core values and is an exceptional servant leader who prioritizes customer service to both external and internal customers.”

Tyler Rains joined Cornhusker Bank’s team in 2020 and has proven himself of great service and value to the Portfolio Mortgage team.  Tyler has served in the banking industry since 2002.  His current responsibilities include development, origination and underwriting of new portfolio mortgage loans, including owner occupied and non-owner occupied 1-4 family residential properties and ongoing relationship building and servicing of mortgage loan customers, as well as internal function of credit review and mentoring of other bank associates.  According to Mike Barret, VP/Mortgage, and Tyler’s supervisor, “Tyler has been a wonderful addition to our mortgage team.  His knowledge of in-house lending programs and of the local real estate market has allowed us to expand our reach to more customers with consumer construction, non-conventional mortgage and investment property financing.”

Barry Lockard, President/CEO, reported, “Both Emily and Tyler provide excellent leadership for our internal associates and have a wealth of knowledge and experience that provides added value to our customers.” 

Cornhusker Bank remains the area’s oldest locally owned bank, demonstrating Nebraska values, stability, soundness, and a commitment to its customers, associates and community.  For more information visit www.cornhuskerbank.com.

Cornhusker Bank’s One Day Without Shoes to Benefit Stephen Center, Needy Residents

Clean out your closets and find gently used shoes! It’s time for One Day Without Shoes, Cornhusker Bank’s annual shoe collection drive to benefit Stephen Center (stephencenter.org). The collection drive will run through May 8. One Day Without Shoes is a collaborative effort with local businesses who volunteer to help the bank collect new and wearable used shoes for free distribution by Stephen Center.

“The look on the faces of our clients when we provide them with shoes is priceless, providing them with joy they may not have felt in a very long time,” said Stephen Center Shelter Director Lori Koch.

Cornhusker Bank started One Day Without Shoes in 2011 to benefit the Lincoln community. In 2020, the event expanded to Omaha, and a partnership was formed with the Stephen Center. The drive in September 2020 collected more than 2,000 pairs of shoes and $350 in monetary donations. All shoes and cash donations collected in Omaha will stay in Omaha for distribution. Gently worn and new shoes can be dropped off at one of the collection sites during the two-week campaign. A complete list of collection sites can be found at cornhuskerbank.com/Day-Without-Shoes-omaha.aspx.

Located in South Omaha, Stephen Center serves the homeless, addicted, and those in poverty. The campus includes a homeless emergency shelter, inpatient/outpatient co-occurring treatment and permanent supportive housing for disabled and low-income individuals. In 2020, Stephen Center provided services to 1,278 men, women, and children and served more than 200,000 meals to people experiencing homelessness, addiction, and poverty. For more information, visit stephencenter.org or call (402) 715-5442.

Cornhusker Bank Celebrates Community in Omaha with Events

April is community banking month. Community banks are an integral part of life throughout America; they reinvest local dollars back into the community and help create local jobs. Cornhusker Bank’s relationship banking philosophy is ingrained in the way business is conducted, partnering with individuals and businesses – one loan – one customer at a time until their goals are achieved. Local reinvestment helps small businesses grow and helps families finance major purchases and build financial security. Community banks, like Cornhusker Bank, support the community in a variety of ways. In the month of April, Cornhusker Bank will celebrate two major events beside Community Banking month, the first anniversary of its Omaha branch and One Day Without Shoes.

Cornhusker Bank’s full service location at 11102 Blondo Street in Omaha celebrates its first year anniversary in April of 2021. A ribbon-cutting ceremony will be held on April 29th at 4:00 PM by the Greater Omaha Chamber of Commerce. Allen Chaffee, Market President/Greater Omaha has noted the bank was honored to help businesses navigate through the Paycheck Protection Program, assisting them throughout the Covid Pandemic.

Cornhusker Bank is also celebrating its second year of One Day Without Shoes in Omaha. Partnering with Omaha area businesses to collect new and wearable used shoes for the benefit of the Stephen Center, Cornhusker Bank organizes a two week collection period from April 26th through May 8th. All shoes collected go to the Stephen Center for distribution to those in need of adequate footwear. In 2020, as the branch opened during the onset of the pandemic, the first year of the event in Omaha was remarkable. Thousands of shoes were collected by the Bank and its partners, along with monetary donations of $350 for the Stephen Center. For more information on One Day Without shoes visit www.cornhuskerbank.com/Day-Without-Shoes-Omaha.

Cornhusker Bank supports community. For more information visit http://www.Cornhuskerbank.com.

Cornhusker Bank Involves Community To Collect Shoes To Benefit People’s City Mission

This year marks the 11th annual Cornhusker Bank One Day Without Shoes event for the benefit of People’s City Mission in Lincoln. In the history of the event Cornhusker Bank and organizations throughout the community that have partnered in the collection efforts have gathered over 182,000 pairs of shoes and cash donations for the Mission to buy new footwear of over $87,000.

Well over 100 locations throughout the community are partnering with the bank for this year’s shoe campaign and will be serving as collection sites for new, used, adult, and children’s wearable shoes. According to Barry Lockard, Cornhusker Bank President/CEO, “The One Day Without shoes event has been phenomenally successful in giving bank associates and the community at large the opportunity to have a shared purpose which helps enhance our community and helps improve well-being of lives of individuals within it.”

New or wearable used shoes of all sizes will be collected at participating businesses throughout the community, including all Cornhusker Bank locations from April 5th – 17th, 2021.

Cornhusker Bank Promotes Conrad

Cornhusker Bank is pleased to announce the promotion of Molly Conrad to Bank Secrecy Act (BSA) Officer. Ms. Conrad will oversee the BSA staff and department, which implements the Bank Secrecy Act and Anti-Money Laundering (AML) Compliance Program, which is critical to bank and customer safety.

According to Perry Haralson, CFO/Director of Compliance, Molly has been serving as the bank’s BSA Coordinator and after extensive study has recently been certified by the American Bankers Association as an AML and Fraud Professional.

According to Barry Lockard, President/CEO, “Molly’s 24 years of experience in multiple roles with Cornhusker Bank have made her a perfect fit for the responsibility.”

Cornhusker Bank remains the area’s oldest locally owned bank, demonstrating Nebraska values, stability, soundness, and a commitment to its customers, associates and community. For more information visit http://www.CornhuskerBank.com.

Tyler Rains Joins Cornhusker Bank Team

Cornhusker Bank is pleased to announce Tyler Rains has been added to the Cornhusker Bank Team and will serve as Portfolio Mortgage Loan Officer from the 8310 O Street Bank Center in Lincoln, Nebraska.  According to Mike Barrett, VP, Mortgage Lending, “Tyler’s eighteen years of banking experience has prepared him with the knowledge and experience to conduct mortgage lending activities with a high level of expertise with both Cornhusker Bank customers and within the bank’s Mortgage Department.”

Tyler graduated from Doane University, Lincoln, NE.  Tyler participates on the committee of the Homebuilders Parade of Homes; supports the church he and his family attend, Sheridan Lutheran; and contributes regularly to United Way.  Tyler reported, “I’m excited to be joining the Cornhusker Bank Team.  I’m blessed to be able help homeowners buy, build and improve the home of their dreams through our portfolio mortgage loan products.  I will be a homeowners point of contact throughout the process and am excited to work with bank customers on their projects.”  

“Home Ownership is the most important financial asset many people will have in their lifetime, for this reason, we welcome the expansion of our mortgage team with the addition and expertise of Tyler to our Mortgage team”, noted Barry Lockard, Bank President.

Cornhusker Bank remains locally owned, demonstrating Nebraska values, stability, soundness, and a commitment to the community and its residents.  For more information visit www.CornhuskerBank.com.

Are you good at spotting a phishing scam?

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 banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $1.9 billion to these phishing schemes and other fraud in 2019 — and the ongoing pandemic has only increased the threat. Imagine where we are in 2020.

It’s time to put scammers in their place.

Online scams aren’t so scary when you know what to look for. And at Cornhusker Bank, we’re committed to helping you spot them as an extra layer of protection for your account. We’ve joined with the American Bankers Association and banks across the country in a nationwide effort to fight phishing—one scam at a time.

We want every bank customer to become a pro at spotting a phishing scam—and stop bank impostors in their tracks. It starts with these four words: Banks Never Ask That. Because when you know what sounds suspicious, you’ll be less likely to be fooled.

These top 3 phishing scams are full of red flags:

  • Text Message: If you receive a text message from someone claiming to be your bank asking you to sign in, or offer up your personal information, it’s a scam. Banks never ask that.
  • Email: Watch out for emails that ask you to click a suspicious link or provide personal information. The sender may claim to be someone from your bank, but it’s a scam. Banks never ask that.
  • Phone Call: Would your bank ever call you to verify your account number. No! Banks never ask that. If you’reever in doubt that the caller is legitimate, just hang up and call the bank directly at a number you trust.

You’ve probably seen some of these scams before. But that doesn’t stop a scammer from trying. For more tips on how to keep phishing criminals at bay, including videos, an interactive quiz and more, visit http://www.BanksNeverAskThat.com. And be sure to share the webpage with your friends and family.

What’s Your Scam Score? Take five minutes to become a scamspotter pro by taking the #BanksNeverAskThat quiz at www.BanksNeverAskThat.com. Share your score on Twitter to encourage your friends and family to test their scam savviness, too. The more scamspotters out there, the harder it is for phishing criminals to catch their next victim!

Win Big All Month Long! October is National Cybersecurity Awareness Month, which means there’s no better time than now to boost your scamspotting knowledge. Take the five-minute quiz and become a scamspotter pro! Share your scam score on Twitter for a chance to win weekly prizes, courtesy of the American Bankers Association. Each Friday in October the ABA will draw 15 winners. One lucky grand-prize winner will receive $1,000—will it be you?

Cash Flow Tips for Small Businesses

Small business owners contend with a host of problems on a regular basis.  Now, more than ever, businesses are challenged to deliver services and products which can satisfy impatient customers and motivate discontent employees, while remaining cost effective.    Understanding and managing your cash flow is essential to success of small business.

Cash flow is simply a snapshot of a business’ finances during a given time period, including the money flowing into and out of the business.  This is usually done on a monthly basis, but can also be done over other time periods, such as weekly or quarterly.  A goal for a successful business is to remain cash flow positive with the ability to compensate for short or long-term disruptions in that cash flow.  

After analyzing your business cash flow, if it isn’t consistently positive, here are a few tips to improve cash flow:

  1. Anticipate future needs:  Keep accurate accounting records, as they will provide you an understanding of your business’s financial position.  Use past cash flow information to project pro forma statements for the next three to six months.  The pro forma statements can then help you be prepared in advance of any shortfalls, and give you the time to be prepared for them.
  2. Build Connections with lenders:  Build connections in the banking community before you need help.  
  3. Keep Your Cash Working: Keep your cash balances in interest earning accounts. 
  4. Train your customers: Invoice customers the day you deliver your service or product, noting, “Payment is due on receipt.”  Offer a variety of payment options if your customers have difficulty paying, including credit card charges, and payment plans.  
  5. Work with your Vendors:  Slow the outflow of cash to your vendors, delaying payments as long as possible while avoiding penalties for late payments.
  6. Increase margins: Maximize cash inflows (credit cards ensure timely payments) and shrink cash outflows (cutting and avoid expenses overall and delaying payments as long as possible).  

Consider which of these tips makes the most sense for your business.  Working capital is the fuel that powers your business and will leave you better equipped to maintain and grow your enterprise.  For additional or more specific information contact a small business lender at Cornhusker Bank.

Cornhusker Bank Promotes Klein

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Cornhusker Bank is pleased to announce the promotion of Julie Klein as Construction Loan Administrator/Officer.

Julie has been with Cornhusker Bank since 2015 and has worked in banking services for 19 years.  Nick Sassaman, Vice President of Commercial Lending is Ms. Klein’s manager.  Nick noted, “Julie is a dedicated, detail-oriented associate, who works at a high level with the bank’s team and with bank customers.”

Cornhusker Bank remains the area’s oldest locally owned bank, demonstrating Nebraska values, stability, soundness, and a commitment to its customers, associates and community.  For more information, visit http://www.cornhuskerbank.com 

We Love Our Customers!

And we’re showing our appreciation with a week-long anniversary celebration.

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Customer Appreciation Week

August 17-22, 2020

Celebrate Customer Appreciation Week with us in 2020! Join us at all locations for gifts and complimentary refreshments.

  • Money Monday, August 17: Share why you love banking with Cornhusker Bank or any great memories you have working with our associates and win! Send us an email, post on our Facebook, Twitter, LinkedIn or Instagram pages, or share with your banker when you visit any of our locations and will be entered into a drawing to win 1 of 2 $100 VISA gift cards that will be given away at the end of the week.
  • Treasure Tuesday, August 18: Free bank logo items given away at each location.
  • Win-it Wednesday, August 19: Enter your name at any location to win a summer gift basket: Chair, cooler, blanket, and more!
  • Tasty Treat Thursday, August 20: Free bag of chips given away at all locations.
  • Fun Friday, August 21: Free Colby Ridge popcorn bags and popcorn balls served at all locations.