This year has been full of unprecedented events, economic upheaval, and elevated market volatility due to the coronavirus pandemic, and the second quarter of 2020 proved no different. While we were pleased to see the steep selloff and 20% decline suffered by the S&P 500 Index during the first quarter come to an abrupt halt …
FBI Alert: FineMark Discusses Mobile & Online Banking Safety
As more Americans turn to banking technology during the current pandemic, the FBI has a warning. The ease of use has also created more opportunities for cybercriminals. FineMark’s Senior Vice President of Banking, Tiffany Williams, shares ways to make mobile banking, safer.
2020 Q2 Shareholder’s Letter
Read FineMark’s Shareholder’s Letter from the President, Joseph R. Catti. DEAR VALUED SHAREHOLDERS, On behalf of FineMark Holdings, Inc.—the Board of Directors, the executive management team, and all of our dedicated associates—I am pleased to report on the company’s performance for the second quarter of 2020. FineMark Holdings, Inc. (OTCQX: FNBT), the parent company of …
FineMark National Bank Exceeds $300 Million in Assets
Fort Myers, FL – 07/07/2010 Joseph Catti, President and CEO of FineMark National Bank & Trust, announced that the bank has exceeded $300 million in assets as of June 30, 2010. At the same time, Deposits and Loans totaled $223 million and $ 148 million, respectively. Assets under management from Trust and Investment, and Brokerage …
2019 Annual Report
Investors Looking to Generate Income
4-Min Video: What can investors looking to generate income in this lower for longer interest rate environment do? June 9, 2020—FineMark’s question of the week: What can investors looking to generate income in this lower for longer interest rate environment do? FineMark CIO Chris Battifarano weighs in.
Beware Of Pandemic Scams Targeted Towards Seniors
Scammers are using the COVID-19 pandemic to con people, often times seniors, out of money. And while the reason behind their fraud is new, their tactics are very familiar. Adding to the concern, many seniors are staying isolated right now, not interacting as much with family and friends, so they become easier targets. During this …
FineMark National Bank & Trust welcomes Erin Bunnell as Trust Administrator
Erin Bunnell, J.D., LL.M. FORT MYERS, FL (JUNE 2, 2020)- Erin Bunnell, J.D., LL.M., joins FineMark National Bank & Trust as a vice president and private wealth advisor in the bank’s Fort Myers office. Ms. Bunnell will utilize her knowledge as an estate planning attorney to assist clients with their financial and estate planning. She …
Negative Interest Rates
2-Min Video: Will the Federal Reserve use negative rates to stimulate the economy? May 19, 2020—This Week’s Top Question: Will the Federal Reserve use negative rates to stimulate the economy? FineMark CIO Chris Battifarano weighs in.
2020 Q1 Shareholder’s Letter
Read FineMark’s Fourth Quarter Shareholder’s Letter from the President, Joseph R. Catti. DEAR VALUED SHAREHOLDERS, On behalf of FineMark Holdings, Inc. – the Board of Directors, the executive management team and all of our dedicated associates – I am pleased to report on the company’s performance for the first quarter of 2020. FineMark Holdings, Inc. …
CARES Act and Your Retirement Plan
Due to the impact of COVID-19 on the United State’s economy, Congress passed the CARES Act to assist businesses and individuals weather the economic downturn. While the focus of the Act revolves around economic stimulus such as cash payments, increased unemployment benefits to individuals, grants, loan relief, and forgivable loans to businesses, also included in …
GRAT Planning Benefits from Low Interest Rates and Decreased Market Values
While COVID-19 has created many problems for the financial markets and our clients, the low interest rate environment and the ongoing market volatility make this an appropriate time to consider Grantor Retained Annuity Trusts in your estate planning. A Grantor Retained Annuity Trust (“GRAT”) is a trust that allows you to transfer wealth to the …
