Just a reminder to keep an eye on your banks financial health. If your bank goes under or is acquired by another institution you could find your lines of credit drying up. Here is a link to Calculated Risk, a blog that provides an update on the status of most bank every Friday. Check back there regularly to watch for problems. Also visit with your banker on a regular basis and ask for assurances and documentation as to their stability. Finally, don’t put all your eggs in one basket. It may be in your best interest to diversify your banking relationships, should the unexpected arise.

 

by Steven Schlagel