You are our most valued asset. We commit our resources to help you build wealth.

Introducing Jenni Pierce

We've hired a new employee, Jenni Pierce, to work with commercial customers like you! Jenni got her start in banking as a college summer job and graduated from Iowa State with a B.A. in Finance. Jenni has been a banker ever since, with more than 12 years experience in retail banking, consumer and commercial lending, customer service and staff development. We've hired Jenni as our Commercial Cash Management Officer to help customers implement products and services that securely and efficiently move and manage their money. We have benefitted already from her knowledge, experience and friendly nature and we think you will too!  Look for Jenni the next time you're in the bank or contact her at or 515-657-4017.

What Examiners are Saying

We just finished a bank examination and as we talked about banking trends, the examiners told us that cybersecurity concerns and the importance of risk mitigating practices, policies, procedures, and continual staff training are only going to increase in importance. While we find banking much more interesting than cybersecurity, we have no choice but to address both areas if we want to stay in business. How about you? Are you finding your time, attention and resources being diverted from your products and services to making sure your business is safe from cybercrime? Help could be on the way.

On August 14, 2018 the NIST Small Business Cybersecurity Act was signed by the President requiring the National Institute of Standards and Technology to disseminate information to help small businesses fend off cybersecurity risk. You can read more about it here. In the meantime as you wait for the promised information, we have materials available right now that can help you teach your employees about the top tactics of cyber attackers and how to recognize and avoid them. Contact your account officer if you would like us to give a presentation to your staff.

On a Similar Note

As of July 2018, the FBI has identified approximately 47 payroll diversion schemes by cybercriminals so far in 2018, up from 17 cases in all of 2017. The FBI indicates that this scheme is being carried out via online phishing or telephone solicitation. Once they obtain login credentials from their victims, they access payroll portals and reroute direct deposits. Please alert your employees to watch out for this scheme.

Benefit Season Ahead

We're moving into the time of year when businesses begin selecting the benefit options they will offer to employees in 2019. One trend that stands out is the sharp rise in Health Savings Account (HSA) participation  by employees enrolled in HSA-eligible High Deductible Health Plans (HDHPs) as shown in the graphic below. You can read more about this here.

If you already offer, or are planning to add, HSA-eligible High Deductible Health Plans to your benefit offering, we can make it easy for your employees to enroll in an HSA. Check it out here.

Share the News

If you know a someone starting a new business or looking for a new bank? We'd be honored if you sent them our way. Know someone that could benefit from this newsletter? Please, forward it on!

Copyright © 2018 State Savings Bank, All rights reserved.

Baxter: 641-227-3161      West Des Moines: 515-457-9533

Our mailing address is:
State Savings Bank
4800 Mills Civic Parkway
Suite 100
West Des Moines, IA 50265

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State Savings Bank · 4800 Mills Civic Parkway · Suite 100 · West Des Moines, IA 50265 · USA

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