The Honesdale National Bank’s Post

If there is to be a postmortem of why something may have gone sideways, the operative word should be "post". More often than not, assigning blame is of no value, but finding a way to remedy the situation is paramount. #duncanbergmanmandell #fdic #blackacreadvisors #cmbs #nonperformingloans #pinkacre #texasratio #distresseddebt #inflationreductionact #cre

We honor and remember the brave individuals who sacrificed for our country this Memorial Day. Their courage and selflessness inspire us all. At Bank of Hope, we extend our deepest gratitude to those who have served and their families, whose sacrifices ensure our freedom and security. Whether you're spending time with loved ones, reflecting on the significance of this day, or simply enjoying the freedoms we cherish, we stand together in remembrance and gratitude. #MemorialDay #BankofHope #bankingandfinance #millennialmoney #moneymanagement #moneyonline #savings #smartbanking #wealthmanagement #wealthmindset

I don't know if a philosophy for ending poverty is possible. Over many years of working in poor communities, I have long since soured on Peter Singer's 'the life you can save' approach. Like utilitarianism, it manages to be clever and clueless in equal portions - leading to a result which is at best useless, and at worst a dangerous distraction from a very serious issue. This excellent long read about #Effectivealtruism by Leif Wenar should be a warning to all of us about the flavour of modern philanthropy. Of the disciples of this creed, Wenar writes: "My thought is that what they need first is not so much a philosophy as a good look into the eyes of the people who might be affected by their decisions. That’s what changed my path in Bali—a sense of the reality of others, whose lives are just as valuable as our own." Once effective altruists take a good look into the eyes of poor people, they should spend a month living in their homes, experiencing both their poverty and their generosity, as well as working to help them with their livelihoods. And on their flights home, they should write two thousand word essays on what Singer got wrong, and what it really takes to be useful to people.

"Truth can be told in an instant, forgiveness can be offered spontaneously, but reconciliation is the work of lifetimes and generations."⁠ - Krista Tippett⁠ ⁠ On National Truth and Reconciliation Day, we pause to reflect on the painful legacy of residential schools and acknowledge that healing is an ongoing process. Every Canadian has a part in the path forward – today and every day – toward understanding, respect, and lasting reconciliation. For resources on Truth and Reconciliation, please visit nctr.ca ⁠ #NDTR2024 #EveryChildMatters #truthandreconciliation

Owning action is the first of many steps in learning to do better.

In a recent interview on Bloomberg TV, #UNSGSA Queen Máxima highlighted that #financialinclusion is not an end, but rather a means to the end. The Special Advocate stressed that outcomes are critical. Individuals and businesses should be able to manage their day-to-day expenses, invest in their futures, and protect themselves in cases of external shocks like a death in the family or a weather-related event such as a drought. Watch the full interview here: https://lnkd.in/eM7KZ8CR #financialhealth #bloomberg

Having a plan for the money (windfall gain) that is robust is key for sure and I believe that you need to know why you will do what you plan with the money. 😃 And it's exactly the same for your Business Exit. You need to know how much you will walk away with, why that amount is important to you and what you will do with it.

The number of people identifying as Hispanic in Rhode Island is on the rise! And their importance and influence in the government and business communities are steadily growing. The latest data from the U.S. Census shows about 17.6% of the RI population identified as Hispanic or Latino in July 2022. That’s up by nearly 24,500 people, or a 13% jump, from the 2020 Census. #angeltavares #providencemayors #hispanics #latinosunidos

I am deeply grateful to Julie Kun for including the following two quotes from me in her powerful submission: 1: Quote 1 (about the importance of trust) “For me to trust a financial service provider enough to discuss the financial abuse I have experienced, I need to know that their staff have received specific training on how to respond to disclosures of domestic and family violence. I do not expect a person working in the finance sector to perform the role of a social worker, but I do need them to treat me with compassion, respect and belief. It is not the role of a financial service provider to echo the behaviour of my perpetrator and seek to gaslight me by attempting to investigate whether I am actually a victim-survivor of domestic, family or sexual violence. If I have found the courage to disclose such sensitive information to an employee of your organisation because the financial abuse is causing me immediate financial hardship, then they need to use active-listening skills, work with me to find a targeted solution relevant to my current circumstances, and provide appropriate referrals to other services when needed.” 💰💸 2: Quote 2 (about victim-survivors having their experiences solution-centred); “So many financial service providers get so fixated on the barriers and limitations to the types of support they can provide to victim-survivors of financial abuse, that they lose sight of the many and varied ways that they can provide targeted case-by-case assistance. My message to finance sector professionals is to treat people who disclose that they have experienced domestic, family or sexual violence as the experts in their own lives. People who have been financially abused do not have poor budgeting skills or have recklessly made bad financial decisions. They have been coercively controlled and often a victim-survivor only learns the full extent of the financial damage a perpetrator has caused to them once the relationship has ended. Whilst there will be similarities, each victim-survivors’ experience of abuse is unique and therefore it is vitally important that financial services do not apply a ‘one-sized-fits-all’ response model and instead has a solution-focused approach that is flexible and tailored to each victim-survivor’s situation.” 💰💸

Here's that story on how banks are putting their faith in churches and other religious organisations. Many of these institutions have become very organised with corporate structures that extend to succession plans. They're investing in real estate, education, hospitality, health etc. A fertile ground for banks.