In Three Reasons to Build a Relationship with a Banker Now, I shared with you why you may consider developing a relationship with a banker.
If you still aren’t convinced, here are three more reasons to add a banker to your circle of trusted advisors:
- Bankers are active and involved in the communities in which they work and live. As a result, they are also well-connected. They could personally know your “dream client” and may be willing to do a mutual introduction. By knowing you and your business, they could also be a potential referral source for new customers.
- Bankers can help you surround yourself with a “dream team” network of professional advisors such as CPAs, attorneys, trust officers, wealth management advisors and other consultants. These professionals will work together to help you and your business succeed.
- Bankers keep up to date on the economic environment and regulatory environment. Your banker may be a wealth of information for questions you may have about the economy or business environment. With many changes taking place by way of new regulations, your banker can keep you up to date on new regulations, how they affect your bank and how they affect you.
Regardless of whether you’re in the market for a bank loan or not, most bankers are willing to share advice and to support you as a fellow member of the business community. A good relationship with a banker can be a huge advantage to you as a business owner and can play an important role in your success.
You’re invited to read more from First Bank & Trust Company on Handshake 2.0.
First Bank & Trust Company, one of the top community banks in the United States, is a diversified financial services firm with office locations in southwest Virginia – serving Blacksburg, Christiansburg and surrounding areas – northeast Tennessee, and the New River Valley and Shenandoah Valley of Virginia. Financial objectives are addressed by offering free checking products for personal and business accounts, and assessing lending solutions managed by mortgage, agricultural and commercial lending divisions. Comprehensive financial solutions are available through trust and brokerage service representatives. For businesses, First Bank & Trust specializes in business services, including online banking and online billpay, and business loans.